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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Excess crude account is intact - Finance Ministry

Posted on 07 November 2013

The Federal Ministry of Finance has denied news reports that 1.3 billion dollars is missing from the Excess Crude Account, describing the report as “ totally inaccurate.”
In a statement signed by the Special Adviser to the Minister of Finance, Paul C Nwabuikwu, the ministry said “such reports are a misrepresentation of what actually transpired during the appearance of the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala before an open hearing of the joint Finance Committees of the Senate and House………………………………………..Full Article: Source


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