In reaction to clarification by Finance Commissioners, that cleared the former Minister of Finance, Dr. Ngozi Okonjo Iweala of accusations that she misrepresented the facts, the former minister has said that her persecution was very political.
In a statement, spokesman for the former minister, Paul Nwabuikwu, expressed gratitude to the Finance Commissioners for their clarification on the use of the Excess Crude Account and for acknowledging that it was not an ‘Okonjo-Iweala issue’.
“The statement clearly shows that Federation Accounts Allocation Committee is a statutory body which is chaired by the Minister of State for Finance in which all the states are represented.
“Payments made were used for paying for petroleum subsidies for the Nigerian people and were approved by Mr President.
“Therefore there is no question of mismanaging any resources here,” the statement read.
He further clarified that Dr. Okonjo-Iweala did not at any time misrepresent what was discussed at meeting, emphasising that she did not say that FAAC approved such expenditures.
“What she said was that all these expenditures were discussed at FAAC meetings attended by Finance Commissioners from the 36 states.
“It is therefore clear that there was no misrepresentation by Dr. Okonjo-Iweala.
“If monies were used to pay for subsidies for the Nigerian people and duly approved, why is Okonjo-Iweala’s name being battered in this way?” Mr Nwabuikwu questioned, insisting that the persecution should stop.
In June, some governors accused the former Minister of Finance of spending $2.1 billion out of the Excess Crude Account without authorisation.