The Nigeria Governors Forum has asked the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, to account for $20 billion oil revenue.
The governors insisted that since 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 explanation for accruals to the account from June 2013 to April 2015, which is estimated at over $20 billion.
The meeting of the Governors Forum was attended by 20 governors from the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) , and was presided over by Governor Chibuike Amaechi of Rivers State.
For almost three years, the governors had not sat together for a meeting. They had formed two factions – the PDP Governors Forum and the Progressives Governors Forum.