The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday confirmed The PUNCH’s story that the Federal Government’s subsidy account with the Central Bank of Nigeria was empty, blaming the situation on technical hitches in the documentation with the CBN.
Okonjo-Iweala, while briefing journalists in Abuja, said the transfer of funds meant for fuel subsidy payments from the excess crude dollar account to its naira equivalent accounted for the empty account.
She explained that the documentation and conversion process, which is between the Ministry of Finance and the CBN, usually takes between four to five days to accomplish.
She said if the amount had been in the naira excess crude account, the process of payment would not have been delayed for that long.

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No b this rubbish I wan hear, why are we queuing for fuel and buying it at #130..
God go punish people o!

Naija i hail thee. Whether d account empty or en no empty,i no get hope for naija. Na Jesus i de wait make him come rule naija.