Categories: Headlines

Nigerian Governors Demand Explanations On Crude Oil Revenue From Okonjo-Iweala

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.

K Akintoye

Disqus Comments Loading...

Recent Posts

Six Burnt To Death In Adamawa Auto Accident

Four of the deceased were serving members of the National Youth Service Corps (NYSC) posted…

2 hours ago

Poland Score Late To Force Draw Against Nigeria In Friendly Match

Eric Chelle’s side had taken the lead in the 23rd minute of the clash thanks…

3 hours ago

Gov Sani Signs Three Laws To Drive Energy, Agriculture, Climate Reforms In Kaduna

The Kaduna State government said the laws provide a comprehensive framework for expanding energy access,…

3 hours ago

Insecurity: South-West Govs Working, Collaborating To Secure Region, Says Aiyedatiwa

The comment came following a spike in insecurity in some South-West states, especially with the…

3 hours ago

Police Bust Illegal Gun Factory In Akwa Ibom

Items recovered from the factory included a cache of firearms and other incriminating materials.

5 hours ago

Police Arrest Suspected Kidnapper In Edo, Recover Body Of Abducted Woman

Items recovered at the scene included a blood-soaked jacket and expended AK-47 ammunition.

5 hours ago