Main PageOkonjo-iweala Withdrew $1bn For Jonathan’s Re-election —oshiomhole
Okonjo-Iweala withdrew $1bn for Jonathan's re-election —
Oshiomhole
July 13, 2015
Written by Osemwengie Ben Ogbemudia, Benin
Governor Adams Oshiomhole of Edo State has accused
the former Minister of Finance, Dr. Ngozi Okonjo-Iweala
of illegally taking $1 billion from the federation account
to prosecute the re-election bid of former President
Goodluck Jonathan.
Speaking at a seminar organized by the Edo State
government for Permanent Secretaries, Directors and
Deputy Directors, the governor said the former minister
also needs to tells Nigerians how the Excess Crude
Account was drawn down to $4.1 billion from the peak $10
billion when no approval was given by the National
Economic Council for any withdrawal.
The theme of the workshop was: "Enhancing IGR in Edo,
Issues, Prospects and Challenges."
Oshiomhole, who said Okonjo-Iweala would have been
declared a pathological liar if she were to be a witness in
court due to the inconsistencies in her statements, said a
forensic audit would truly determine how much was
illegally spent from the federation account under her
watch as minister.
He said the state government would now hold Permanent
Secretaries, Directors and Deputy Directors responsible for
any fraud detected in their departments, saying the
government has trimmed down the cost of running
government.
He said: "The truth is, many things went wrong even at the
federal level. As you might have read in the papers, while
the federal government, under Goodluck Jonathan, with the
then Coordinating Minister of the Economy liked to blame
governors for wasteful spending, for not saving for the rainy
day, for not investing properly, the truth is the real weakness
in the Nigerian federal chain has been the Federal
Government.
"Our hope is that with the new President, given his pedigree
we will break from the past.
"As I'm sure you will soon begin to hear when all the
numbers are published, last week, I complained aloud that
Edo State lost about N10 billion over a four year period from
only one source, the NLNG remittance to the federation
account.
"How did I arrive at the figure? I used my 4-Figure Table and
I asked myself at $2.1 billion remitted by NLNG as taxes and
Shell, and by the way, Shell is not the only oil operative, we
have Chevron and several others. They shared the $2.1
billion based on the revenue allocation formula, Edo State
got about N2.27 billion. So I said, thank God this money
came after the departure of Okonjo-Iweala and President
Jonathan. If the PDP were still in charge in Abuja, this
money would have been taken."
Oshiomhole
July 13, 2015
Written by Osemwengie Ben Ogbemudia, Benin
Governor Adams Oshiomhole of Edo State has accused
the former Minister of Finance, Dr. Ngozi Okonjo-Iweala
of illegally taking $1 billion from the federation account
to prosecute the re-election bid of former President
Goodluck Jonathan.
Speaking at a seminar organized by the Edo State
government for Permanent Secretaries, Directors and
Deputy Directors, the governor said the former minister
also needs to tells Nigerians how the Excess Crude
Account was drawn down to $4.1 billion from the peak $10
billion when no approval was given by the National
Economic Council for any withdrawal.
The theme of the workshop was: "Enhancing IGR in Edo,
Issues, Prospects and Challenges."
Oshiomhole, who said Okonjo-Iweala would have been
declared a pathological liar if she were to be a witness in
court due to the inconsistencies in her statements, said a
forensic audit would truly determine how much was
illegally spent from the federation account under her
watch as minister.
He said the state government would now hold Permanent
Secretaries, Directors and Deputy Directors responsible for
any fraud detected in their departments, saying the
government has trimmed down the cost of running
government.
He said: "The truth is, many things went wrong even at the
federal level. As you might have read in the papers, while
the federal government, under Goodluck Jonathan, with the
then Coordinating Minister of the Economy liked to blame
governors for wasteful spending, for not saving for the rainy
day, for not investing properly, the truth is the real weakness
in the Nigerian federal chain has been the Federal
Government.
"Our hope is that with the new President, given his pedigree
we will break from the past.
"As I'm sure you will soon begin to hear when all the
numbers are published, last week, I complained aloud that
Edo State lost about N10 billion over a four year period from
only one source, the NLNG remittance to the federation
account.
"How did I arrive at the figure? I used my 4-Figure Table and
I asked myself at $2.1 billion remitted by NLNG as taxes and
Shell, and by the way, Shell is not the only oil operative, we
have Chevron and several others. They shared the $2.1
billion based on the revenue allocation formula, Edo State
got about N2.27 billion. So I said, thank God this money
came after the departure of Okonjo-Iweala and President
Jonathan. If the PDP were still in charge in Abuja, this
money would have been taken."
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