Okonjo-Iweala Fails To Clarify Missing Federal Government 8-Trillion

Instead of explaining to Nigerians how over N8 trillion that should have accrued to the country
from the sales of oil between January 2012 and
July 2013 was diverted by the Nigerian National
Petroleum Corporation (NNPC), the Minister of
Finance, Ngozi Okonjo-Iweala, on Tuesday lashed
out at those she claimed have mounted a
“campaign of falsehoods and distortions” against
her.

In press statement released on Tuesday evening, in
an apparent response to our reporters of how the NNPC, under the watch
of the petroleum minister, Diezani Alison-
Madueke, illegally corners 76 percent of all crude
oil sales , Mrs Okonjo-Iweala said she “has been
the subject of high profile media attacks from
several quarters” by elements whose aim is to
unduly politicise her management of the country’s
economy.

The report had suggested that Mrs. Okonjo-Iweala,
as coordinating minister for the economy, failed to
act even after she became aware of the alleged
fraud.

“The pronouncements of these political vested
interests are based on false information and
outright lies disguised as objective comments.
Fortunately Nigerians are wise to their antics and
this campaign to damage the name of the
Coordinating Minister, like previous ones, will fail,”
a statement by her media adviser, Paul
Nwabuikwu, said.
While utterly ignoring the issues raised in the
report, the minister loosely promised to clarify
specific issues where she deemed appropriate.

“We urge Nigerians to continue to be vigilant to the
increasingly desperate actions of these elements.
Where appropriate, we will continue to clarify the
issues and point out the true situation in specific
areas of the country’s economic management.”

The N8 trillion fraud President Goodluck Jonathan,
in cohort with the Petroleum and Finance ministers,
is desperately attempting to sweep under the
carpet ranks as one of the biggest frauds in the
history of the country.

The lid on the fraud was blown by the governor of
the Central Bank, Lamido Sanusi, in a memo to Mr.
Jonathan last September.
According to Mr. Sanusi, for all crude oil sales
within the period, the NNPC paid only 24 percent
proceeds into the federation account, and diverted
or stole the remaining 76 percent-totalling N8
trillion.

Mr. Sanusi accused the NNPC of breaching two key
federal laws and urged the president to order a
sweeping investigation and prosecution of those
found culpable.

But two months on the president is yet to act on the
shocking memo.

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