In a four-hour meeting held by the Nigeria Governors’ Forum, they demanded explanations from the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, on $20 billion being accruals for the Excess Crude Account for two years.
The meeting was held at the Transcorp Hilton Hotel, Abuja.
After the meeting, the Chairman of the NGF, Rotimi Amaechi said:
“In the light of the fact that funds in the Excess Crude Account were last disbursed in May 2013, there is need for the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, to provide explanations for accruals to this account from June 2013 to April 2015 which is estimated at over $20 billion.”
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