We thank the Finance
Commissioners for their clarification on the use of the Excess Crude Account
(ECA) and for acknowledging that this is not an Okonjo-Iweala issue.
The statement clearly
shows that Federation Accounts Allocation Committee (FAAC) is a statutory body
which is chaired by the Hon. 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.
For the avoidance of
doubt, at no time did Dr. Okonjo-Iweala 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.
The question before us
is: why is there such an excessive attempt to batter her name in an attempt to
damage her reputation? It is clear as I said in my previous statement that the
motive is malicious and very political and therefore will not succeed.
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?
This persecution should
stop.
Paul C Nwabuikwu
Media Adviser to Dr Okonjo-Iweala
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