$20 billion Excess Crude: Rotimi Amaechi got N278 billion in 10 months! - Okonjo-Iweala

$20 billion Excess Crude: Rotimi Amaechi got N278 billion in 10 months! - Okonjo-Iweala

Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, says Rotimi Amaechi, the governor of Rivers state, received a total of N N257.6 billion from the federation account between January and October 2013.

Okonjo-Iweala said the governors’ forum had no basis asking her to account for $20 billion from the excess crude account (ECA) because details of the ECA are published every month.

“Gov. Rotimi Amaechi of Rivers, who was reported to have read the communique on behalf of the governors, made a similar unsubstantiated allegation in November 2013.

“He alleged in November 2013 that $5 billion was missing from the ECA but we subsequently showed with facts that the amount was not missing.”

The statement added that in the interest of transparency and accountability, the ministry of finance would, in a couple of days, publish the details of the ECA for the last four years.

She added that the ECA is discussed at every monthly session of the federal accounts allocation committee (FAAC), where all the state commissioners of finance are usually present. -Yankari Reporters