Governor Adams Oshiomhole of Edo State has said that there is nothing ‘personal’ between him and former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala.
The Edo State Governor in a statement signed by Kassim Afegbua, Special Adviser, Media and Public Affairs, to the governor, on Thursday said the questions asked were: how come those accruals into the Excess Crude Account got depleted without the knowledge of the National Economic Council?
Tea full text below
BLACKMAIL WON’T HELP YOUR CASE, OSHIOMHOLE TELLS OKONJO-IWEALA
It is instructive at this point in time to state categorically without equivocation that there is nothing “personal” between Okonjo-Iweala and Comrade Adams Oshiomhole in terms of the request by the Edo Governor that Okonjo-Iweala should come clean on the issue of revenue that accrued to the Excess Crude Account.
As much as her Spokesman tries to dramatize his response in defense of his boss, he has shown a manifest uninformed disposition to issues of simple economics of naira and kobo.
Here is a former Minister who has changed her position four times in the last forty days; each position exposing her dubiety of facts and inherent contradictions in the concocted tales she has been weaving on one simple issue: what happened to t5he $2.1b ECA funds?
PERTINENT QUESTIONS.
The simple questions which the Comrade Governor asked were: how come those accruals into the Excess Crude Account got depleted without the knowledge of the National Economic Council?

Okonjo-Iweala and Oshiomhole
How come monies that were supposed to accrue into the said account cannot be found in it going by the balance sheet provided by the former Minister? How come the Minister unilaterally dipped her hand into the Excess Crude Account to spend money in defiance of the constitution and the laws of the land?
How come that the Minister finds it convenient to publish allocations to States and Local Governments, but refused to publish accruals into the same account for us to know the status of the account at any point in time; how much was left from where she was distributing from?
What the Comrade Governor stated was that; it was interesting to note that by December 2012, the ECA had a balance of over $10billion. This had been depleted to $2.07billion by May 2015, according to the former Finance Minister. Between January 2013 and May 2015, not more than $4billion was shared among the three tiers of Government. Indeed, the last time any money was shared from the ECA was in May 2013.
Flowing from the above statement of facts, the Comrade Governor then asked a very pertinent question; how come there was no accretion to the ECA even when Crude oil prices averaged between $100 to $108 within the three years period of 2011 to 2014, aware that the National Budgets were based on $77 and $79 benchmark?
That gives an average of $30 per barrel gains. In fact, based on rough estimates, Nigeria should earn not less than $30billion accretion based on the official oil exports of 2.3 million barrels per day. The question which Okonjo-Iweala could not answer is; how come Nigeria did not make any savings during those three years of unprecedented oil price boom? Simple question that should ordinarily elicit simple response.
Without a scintilla of numerical reference, Okonjo-Iweala went into a voyage of storytelling like an intellectual raconteur, leaving out the real substance of the Comrade Governor’s salient questions.
First, she responded on May 28, 2015 where she denied the allegations describing them as “baseless”. Among other things she claimed that the 36 State Governors who are joint owners of the Excess Crude Account [ECA] with the Federal Government were in full picture of how the ECA was managed.
She stated inter alia; “how can Governor Oshiomhole claim that State Governors were not properly briefed on the status of the ECA when his Commissioner of Finance attends all FAAC meetings where decisions are taken and communi

let the drama continue to unfold. we are watching, eagle-eyed!!

His new wife is giving him too much bj

Welrez:
His new wife is giving him too much bj

Lolling

There are questions that doesn't look like questions

NOI is going down..... d rate at which Oshomole is talking bout her means he has seen something bad bout her transactions..

We're talking about corruption and embezzlement here, some people will not understand the implications till their salaries are unpaid. People steal your money and all you can do is defend them, this is unheard of

Flowing from the above statement of facts, the Comrade Governor then asked a very pertinent question; how come there was no accretion to the ECA even when Crude oil prices averaged between $100 to $108 within the three years period of 2011 to 2014, aware that the National Budgets were based on $77 and $79 benchmark?




For transparency sake, Madam Ngozi Okonjo Iweala should answer the governors question posed above. She has told us how what was inherited was shared/spent, she should also tell us exactly how much was accrued to the ECA within the stated period and how it was expended. Or, were there no addition at all to the ECA within the boom period of 2011 to 2014?

Even obama becomes d president of nigeria and president of west germany his vice, CORRUPTION go still be senior man...

#Only God can save us





#meanwhile <Osho how is ur grand daughter? Sori! I mean ur lovely wife

We'll be better with time. But all this disappearing funds, these people are the greatest magician o.

ok

What is wrong with the people defending this woman?

This woman is an alleged thief and should come clean with answers to the questions asked.

The impunity at which the Jonathan led government stole money has never been so in this country before. This is terrible, no wonder he was spending serious money in dollars during is campaign. ..
mennn thanks God for saving nigeria at the this time l, otherwise we would ve all know what hunger is.. GOD aFORBID

let the drama continue watching with my 3D

calista1234:
There are questions that doesn't look like questions

thank you... like which of the questions

Funny country ! ! ! How come things are still being done in secret with our level of corruption.

Imagine the textbook economist evading pertinent questions dubiously in order to fool the gullibles. I stand not to be decieved. PMB mission is to clear Nigeria of all these dubious elements. We the lovers of progress wish him well.

Welrez:
His new wife is giving him too much bj

is that d reason NOI cannot account for d $30b?

adioolayi:
thank you... like which of the questions

Like d rhetorical questions