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BILLION DOLLAR QUESTION: OBY EZEKWESILI ASKS OKONJO-IWEALA TO ACCOUNT FOR MISSING $10 BILLION

naijalog by naijalog
January 16, 2014
in Top Stories
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BILLION DOLLAR QUESTION: OBY EZEKWESILI ASKS OKONJO-IWEALA TO ACCOUNT FOR MISSING $10 BILLION
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In what is brewing up as a war of Nigeria’s “Top financial madams” Mrs Oby Ezekwesili tweeted at the Coordinating Minister for the Economy, Dr. Ngozi Okonjo Iweala seeking to know what happened to the $10billion missing from the NNPC account.

It can be recalled that the Nigerian National Petroleum Corporation last week gave details of the contentious $10.8 billion crude oil fund, saying the money was not missing.

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The amount is part of the $49.8 billion alleged to have been unremitted to the Federation Account by the NNPC.

Mr Bernad Otti, the Group Executive Director, Finance and Accounts Directorate of NNPC, at a press briefing in Abuja declared that “the $10.8 billion, which is currently the subject of ongoing inter-agency reconciliation exercise is not missing.”

“The sum in question has been expenditures incurred as part of statutory responsibilities, which the NNPC, as the national oil company, executes on behalf of the Federal Government,” he said.

Obiageli Ezekwesili is a Nigerian chartered accountant. She was a co-founder of Transparency International, serving as one of the pioneer Directors of the global anti-corruption body based in Berlin, Germany. She served as Federal Minister of Solid Minerals and then as Federal Minister of Education during the second term presidency of Olusegun Obasanjo. Since then, she has been the Vice President of the World Bank’s Africa division
.

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