Nigeria's former finance minister, Ngozi Okonjo-Iweala has been fingered in a suspicious transfer of government funds.

According to the Nation, a House of Representatives ad hoc committee is probing the “suspicious” transfer to another account of N1.17bilion approved for a Federal Government agency.

The committee is seeking answers to why Okonjo-Iweala, reversed a presidential directive which approved the money for the Sokoto Rima River Basin Development Authority (SRRBA).

The payment was made into the accounts of the SRRBDA on March 9 but withdrawn in two tranches within a week, two months later in May.

The first withdrawal of N784m was made on 6th May, 2015. The second, N90m, was effected on 12th May 2015 but executed on 16th May 2015 by the CBN.

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