Excess Crude Account Intact,N1bn not Missing-Okonjo Iweala

There are speculations accross the media that the sum of One billion naira bas been missing from the Excess crude account ECA.In her reaction,the Minister of Finance and the Cordinating Minister of the economy,Doctor Okonjo Iweala has come out on wednesday to say that such money is no way missing from the said account.

 Okonjo-Iweala disclosed this while presenting the proposed 2015 budget in Abuja.


According to her, report that one billion dollars was missing from the account was a misinformation.

“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 December 2, showing that we put N154.6 billion to pay oil marketers.”
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