The immediate past Minister of Finance, Ngozi Okonjo-Iweala, has reacted to the Federation Accounts Allocation Committee’s statement distancing its members from the controversial withdrawal of $2 billion from the excess crude revenue account last December 2014.
In her reaction to allegation by the Edo State governor, Adams Oshiomhole, that she unilaterally approved the withdrawal of about $2 billion from the $4.1 billion left in the Excess Crude Account “without authorization”, Mrs. Okonjo-Iweala had explained that the withdrawal was discussed at the meeting of the FAAC attended by state finance commissioners.
Nigeria Gists 