19.12.2014 - Nigeria: $1bn not missing from ECA account – minister
Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has said that no money is missing from the Excess Crude Account (ECA).Okonjo-Iweala said in Abuja on Wednesday while presenting the proposed 2015 budget that the report that $1 billion was missing from the account was not true. “Today I had seen a headline that said that there is one billion dollars missing in the Excess Crude Account. I just want to use this occasion to correct that and say that there is absolutely no money missing and I do not know where that notion came from. “One billion dollars from the ECA has been used to pay oil marketers and we published this on 2 December, showing that we put N154.6 billion to pay oil marketers...............................................Full Article: Source
Print