She however said the issue was discussed at the Federation Accounts Allocation Committee (FAAC), a statutory body which is chaired by the Minister of State for Finance in which all the states are represented.
The former Minister however said FAAC did not approve the withdrawal.
It will be recalled that Nigerian state governors had after the inauguration of the National Economic Council about two weeks ago accused Okonjo-Iweala of spending $2 billion from the ECA, a pool of funds which belonged to the three tiers of government.
Adams Oshiomole, the governor of Edo state told journalists that there has been a depletion in the funds from $4.1 billion as at November 2014 to $2.1 billion, even when there was no authorization for any withdrawal from the funds known to state chief executives.
The governors had subsequently set up a committee made up of four of their members to investigate the withdrawals.
“Payments made were used for paying for petroleum subsidies for the Nigerian people and were approved by Mr President,” Iweala said in a statement issued by Paul Nwaibuikwu, her media assistant.
“Therefore there is no question of mismanaging any resources here,” she added.
Okonjo-Iweala also said FAAC did not approve such expenditures, but “that all these expenditures were discussed at FAAC meetings attended by Finance Commissioners from the 36 states.” Click to signup for FREE news updates, latest information and hottest gists everyday
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Truth is coming out small small
ReplyDeleteDont blame this woman..she was used by the bad guys
Deletekeep defending your self, cause you are making error upon error through these defences.
ReplyDeleteOkonjowahala God bless you for agreeing that you are a lair, that's the way you'll fail the lie detector machine test when EFCC comes around.
ReplyDeleteBarawo ole bruku mama iyare
ReplyDeleteBarawo u will tell the truth mumu woman
ReplyDeleteThis ugly woman she's a real thief. You will end up in jail soon. Oleeeeeeee, barawo.
ReplyDeleteWhat a man can do a woman will do better. U can imagine d woman we trust to core. God go punish u and ur generartion.
ReplyDeleteShe is right and she has been saying this right from the time , You people should stop all this accuse and start bring the change let us see okay , this is not what we are looking from this government ? we also need to check states like , Rivers state , Lagos state , so that we can also know what those governors did with state money before the election ??
ReplyDeleteu are a block head, if pple like this woman is allow to enjoy the nation money for nothing sake how do u intend to hav the change. do u know how much is the money in question. some pple reason like babi and their comment also depict such
Deleteif she is actually ordered to do so why are the importer going on strike again. such huge amount is not enough to pay them off right. cant such amount even give us workable refinery in the Country.
DeleteHuh??? Haba madam how will you escape this one now. If it was 2million okay but 2billion ha!! And your previous comments made us think oshiomole was out of line. Please people that know truths should expose these people who have mismanaged our funds.
ReplyDeleteDay 1: we used the money to argument the shortfall in revenue shared by the three tiers of government to the knowledge of Fascism members.
ReplyDeleteDay 2: I was instructed by the president to use it in paying for the subsidy and FAAC was adequately informed.
Madam minister, we're not fools, the real truth will soon come out.
$2.1 billion dollars.we are dead that is what was used for hatred campaign.
ReplyDeleteCorrect. If the money were used for fuel subsidy, why did the fuel importers after that go on strike to protest non-payment of the subsidy owed them by the government? Okonjo-Iweala is lying. That is the problem with a lie - it has "short legs". You must tell more lies to cover the lies.
DeleteHow can she disburse the money money when FAAN did not approved it as she claimed.
ReplyDeleteVerbal instruction can be denied and is not official. Lets wait if GEJ will not deny it
This woman has not told the truth. If in fact the money was used to pay for fuel subsidy, how come the fuel marketers stopped importing fuel soon afterwards on the basis that they government was owing them a fortune? We all know the chaos and trauma the nation went through - and is still going through over fuel subsidy debt.
ReplyDeleteAs someone else has said, I believe the money was used to (a) fund the hate campaign against APC leaders, and (b) bribe all those traditional rulers with dollars (which was why the Naira value crashed dramatically towards the elections). Ngozi will soon admit it.
hmm ..ookkkk ,, Na the cash weh dem share people for some people, even.one guy carry him own share of $15m with private jet they go south africa , the south africa people come sieze the owoh for airport...later dem come lie say dem wan go use the cash buy gun for south africa...Many people share for that loot shaa...
ReplyDeleteWe Nigerian do not no the impact of 2B US dollars . Ask the Greeks their country have to hold memoradum election because of 1.5B US dollars and the Greece economy has been shot down the Greece country is presently @ default statue as we talk . But here in Nigeria because of too much corruption anything goes . May God use Sai BABA to save us
ReplyDeleteThis is fraud madam Okonjo. Last minute withdrawal to settle yourselves. God will visit all of you with the Egyptian plagues. E ni Bo ninu e.
ReplyDeleteNaija,a nation of unending wonders!
ReplyDelete