Monday, 30 September 2024

BUBBLE TO BURST? Missing $20bn: Okonjo-Iweala to Release Full Details of ECA

 Minister of Finance, Dr. Ngozi Okonjo-Iweala says full details of Nigeria's Excess Crude Account for the past four years and how it was depleted will soon be released.

 She was reacting to the strong criticism she received from governors of the federation, who blamed her for depleting the account.

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.
 
Former Governor of the Central Bank had alleged that some $20bn crude oil revenue was missing.

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