Lagos lawyer Femi Falana has called on Dr. Ngozi Okonjo-Iweala, the ex-minister of finance, to apologize to Nigerians for withdrawing of $2 billion from the Excess Crude Account (ECA). He also advised her to stop denying her role in the mismanagement of Nigeria’s economy.
Adams Oshiomhole, the governor of Edo state, had alleged that the $2 billion from the ECA was withdrawn “without authorisation” of the Federation Accounts Allocation Committee.
Reacting to the allegation, Okonjo-Iweala stated that the money was used to pay for fuel subsidy under instructions from Goodluck Jonathan.
“Assuming without conceding that the release of the $2 billion was approved by the president, is Mrs Okonjo-Iweala saying funds belonging to the three tiers of government could be unilaterally withdrawn from the ECA by the federal government? As the coordinating minister of the economy, did she draw the attention of President Jonathan to the illegality of withdrawing funds from the ECA without approval of the states and the local governments, the co-owners of the fund?”
Falana noted in his statement that despite the alleged payment of $2 billion for fuel subsidy in December 2014, fuel marketers have continued their strike over alleged unpaid N200 billion by the ministry of finance.