Groups demand immediate resignation from Okonjo-Iweala’s over N2.7bn subsidy fraud

// Latest Addition | Groups demand immediate resignation from Okonjo-Iweala’s over N2.7bn subsidy fraud
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

Over 500 placard-carrying protesters on Wednesday in Abuja stormed the Federal Ministry of Finance and demanded the immediate resignation of the Minister of Finance, Dr. Ngozi Okonjo-Iweala.

They called for the minister’s sacking for what they described as unfavourable economic policies of the current administration and an alleged fraudulent payment of N2. 7bn to a firm which was allegedly not registered with the Corporate Affairs Commission.

They specifically accused the minister of allegedly paying “the fictitious company” N2.7bn subsidy claim.

The groups also alleged that the minister breached the Appropriation law by her failure to release funds for the implementation of capital project, a situation they said had led to less than 50 per cent budget implementation.

The protest by a whistle-blowing organisation, Anti-Corruption Network and the Alhaji Balarabe Musa-led Conference of Nigerian Political Parties coincided with the time the minister was attending the Federal Executive Council meeting.

Some of the placards carried by the protesters read, ‘Economic policies would kill us’, ‘Ngozi Okojo-Iweala is an imperialist agent’, ‘Ngozi Okojo-Iweala must go,” “Ngozi Okonjo Iweala is our major problem’, ‘You can’t be saving money when Nigerians are suffering’, among others.

But in his response, the Permanent Secretary in the ministry,  Mr. Danladi Kifasi, urged the groups to put their allegation in writing for  onward delivery to the minister whom he said was at the FEC meeting at the time of the protest.

He however absolved the ministry of any wrongdoing.

Executive Secretray of ACN and former member of the House of Representatives, Mr. Dino Melaye, alleged that the group’s finding had revealed that a firm received payment of N2.7bn from the ministry without registration with the CAC.

He said, “The minister must tell Nigerians who are actual owners of Pinnacle as it is  not known to Nigerian law, it is a made-in Taiwan company.

“We are demanding the immediate resignation or sacking of Madam Ngozi Okonjo-Iweala. I want to educate Nigerians that the minister of finance and the Coordinating Minister of the economy released a list of 25 companies after the submission of report by the Aig –Imoukhuede-led presidential committee on fuel subsidy claims. Number 22 on the list of the companies is Pinnacle Construction Nigeria Limited. Pinnacle got N2.7bn tax payers money.

“An investigation conducted by the Anti-Corruption Network at the CAC revealed that the company is not registered with the commission. We are here to ask who approve the payment, who authorise the payment of the money and the minister must tell Nigerians who are the actual owners of the company?”

Secretary-General of CNPP, Chief Willy Ezugwu, condemned the alleged corruption going on in the ministry and said, “It is either we live as a country or we seize to exist.”

The Director of Outreach Services of the anti-graft group, Mr. Timi Frank, said it was unfortunate for the finance minister to be involved in frivolous payments, wondering why she was not veting documents as required of her.

In her reaction, Okonjo-Iweala on Wednesday said the demonstration, led byMelaye was sponsored by “indicted oil barons.”

In a statement by her Senior Special Assistant (Communications), Mr Paul Nwabuikwu, the minister described the protest as a deliberate attempt to force her out of office.

She said her resolve to ensure prudent management of the country’s resources would not make her abandon her responsibilities to Nigerians.

The statement read, “Earlier today (Wednesday), a disreputable former member of the House of Representatives, Mr Dino Melaye, brought a handful of demonstrators to the Federal Ministry of Finance who conducted themselves in an unruly manner.

“We have it on good authority that Mr Melaye’s group was sponsored by some of the indicted oil barons who are currently being investigated and prosecuted for subsidy fraud.

“Their allegation of wrong subsidy payments made by the ministry is a mere ruse to conceal their true motives. It is important to note that the Federal Ministry of Finance does not pay any contractors directly. The relevant ministries do.

“So this allegation by Mr Melaye and his group is completely wrong and without foundation.”

She added, “The Melaye demonstration was ostensibly to call for the resignation of the Coordinating Minister for the Economy and Minister of Finance who is well known for fighting the fraudulent oil barons whose names were published by the Federal Ministry of Finance for various breaches of the subsidy regime.”

Tagged : Ngozi Okonjo Iweala, Fuel Subsidy, Fuel Subsidy Fraud, Minister of Finance

Headlines Newsview all

Shocking! Checkout What Surgeons Removed From The Stomach Of A Nigerian Comedian (Graphic Photos)

A budding Nigerian comedian who had a mass in his stomach was recently operated upon and the product removed will cold shock you.  A popular Nigerian ... Full story

I Never Insulted Vincent Enyeama's Mother - Coach Sunday Oliseh Tells His Story (Video) Video

Super Eagles coach Sunday Oliseh has finally told his own side of story regarding the issues he had with goal keeper, Vincent Enyeama, which saw ... Full story

Man, 42, Arrested For Allegedly Producing Fake Foreign, Local Currencies Worth Millions Of Naira

A 42-year-old man, Rafiu Olusamokun, is currently in the custody of the Lagos State Police Command for allegedly producing fake foreign and local currencies, which ... Full story

Former Minister Of Petroleum Resources, Alison-Madueke Stricken With Cancer, Her Lawyer Says

Diezani Alison-Madueke is receiving treatment for cancer in the United Kingdom, her lawyer told SaharaReporters on Thursday. Mr. Oscar Onwudiwe said in a statement written exclusively ... Full story

Student Fighting For Life After Being Bitten By 'World's Most Dangerous' Spider (Graphic Video)

A student is fighting for life after he was bitten on the neck by one of the world's most dangerous spiders. Orlando Andrés Jiménez, known to ... Full story

Sad! Abandoned Wire By Electricity Workers Electrocutes 15 Year Old Pupil To Death

A 15-year-old resident of Ishaga Road in the Idi-Araba area of Lagos State, Afusat Musa, has been electrocuted by a live wire that was partially ... Full story

Exposed! Missing Teenagers Impregnated 13 Year Old - Nigerian Police

In a sudden twist, the police have said two teenagers, who went missing a month ago in the Solomade, Ikorodu area of Lagos State and ... Full story

Hajj Stampede Death Toll Jumps To 1,399 (Shocking Details)

The Associated Press count of the dead from the worst tragedy to strike the hajj in a quarter-century comes as Saudi Arabia faces threats ranging ... Full story

Chevening Scholarship Removes Former Minister Of Petroleum Resources, Diezani From Honours List

The United Kingdom-based Chevening Scholarship has removed the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke, from its list of female achievers, according to a ...

Shocking! 99 Nigerians Died, 215 Missing In Mecca Tragedy - National Hajj Commission Of Nigeria

The National Hajj Commission of Nigeria has confirmed that 99 Nigerian pilgrims died, 42 injured and 214 others missing in the September 24 stampede in ...

Surprise! Check Out The Luxurious Car Gifts, P-Square Received From Telecommunication Giants GLO

Right after returning from their US Tour, P-Square arrived in Nigeria to luxurious gifts. GLO has gifted their long term ambassadors, Peter & Paul Okoye ... Full story

Comment on: Groups demand immediate resignation from Okonjo-Iweala’s over N2.7bn subsidy fraud

Rate this article


Breaking News

Golden Boot To Be Presented To Wayne Rooney For England Goal Record Video

Wayne Rooney will miss England's Friday-night clash with Estonia at Wembley, but that will not ruin what is set to be a special occasion for ... Full story

Social Media Reactions To Super Eagles' 2-0 Loss To DR Congo (Images)

Super Eagles Coach, Sunday Oliseh is now a victim of social media backlash following his role in the unceremonious exit of goalkeeper, Vincent Enyeama and ... Full story

Yoruba Actress, Ronke Odunsanya Flaunts Her Boobs (Photos)

Yoruba Actress, Ronke Odunsanya has released a new set of sexy and appealing photos currently being talked about on the social media.    Heavy-chested Yoruba Actress, Ronke ... Full story

I Can't Beg Anybody For Money - Ngozi Ezeonu

Nollywood actress, Ngozi Ezeonu, who recently joined the picture sharing app is truly having a nice time sharing some location and relaxation pictures to her ...

Fela Anikulapo Kuti's Dancer, Dodo Mayana Killed At Grammar School

One of late Afro-beat singer, Fela Anikulapo Kuti’s dancer, Dodo Mayana, has been killed by unknown men after her body was discovered at Grammar school, ...

Chioma Toplis Caught In Bed With Younger Lover

Few days ago, reported that plus sized actress Chioma Elizabeth Toplis who is based in London is back to Nigeria. The big, busty diva who ...

Sepp Blatter, FIFA's Top Bosses Suspended

It's like the end of a Shakespearean play. Multiple bodies, with the king, the two men who would be king and their lieutenants strewn across ... Full story

Shocking! Vincent Enyeama Announces Retirement From Super Eagles (Read His Statement)

Nigerian International and Super Eagles goal keeper took to his instagram page to announce his retirement from the Nigerian team.  Amid the controversies in the Nigerian ... Full story

Why I Removed Enyeama as Super Eagles Captain - Sunday Oliseh

Super Eagles coach Sunday Oliseh has described the altercation between him and goalkeeper Vincent Enyeama as a normal disagreement in a family. He has however explained ...

CNN Interviews Rita Dominic

The name Rita Dominic surely rings a loud bell in the ears of many ardent followers of the movie industry in Nigeria. Even though she does ...