NGF asks Okonjo-Iweala to account for $20bn

The Nigeria Governors’ Forum on Tuesday 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.This was part of a communique issued at the end of a
four-hour meeting which ended in the early hours of Tuesday
at the Transcorp Hilton Hotel, Abuja.The communique was
read by the Governor of Rivers State, Rotimi Amaechi, who
announced that the NGF has reconciled and reunited as a
single association of the 36 state Governors of Nigeria
regardless of region.He said the forum was demanding
explanations on how accrued and how it was
disbursed.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.”