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Sovereign Wealth Funds Briefing - Categorized | Financials, People

Amaechi lied about Excess Crude Account, Rivers has received N56bln in 2013 – Okonjo-Iweala

Posted on 20 November 2013

The Federal Government on Monday denied the allegation by Rivers State Governor, Mr. Rotimi Amaechi, that$5billion was missing from the Excess Crude Account. Amaechi, had while speaking at the Nigerian Governors’ Forum retreat held in Sokoto on Saturday, said there was $9billion in the account in January , but that the amount had depleted without any explanation.
He had said, “The Excess Crude Account in January was $9bn. That account belongs to federal, states and local governments. Today, it is $4bn. We don’t know who took the $5bn.”…………………………………Full Article: Source


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