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

Nigerian director of defence accepts army goofed over abducted school girls

Nigeria’s military authorities have acknowledged that they goofed over their statement that all but eight of the 129 abducted school girls of a secondary school ... Full story

Principal Says Military Lied, 115 Schoolgirls Kidnapped By Boko Haram Still Missing

Asabe Kwambura, principal of Government Girls’ Secondary School, Chibok, Borno State has denied reports from the military that most of the students kidnapped from her ...

Residents catch mad woman with N100,000, ATM cards, and BlackBerry phones

A woman said to be mentally-challenged escaped being lynched by an angry mob on Wednesday after she was allegedly caught with N100,000, two BlackBerry phones ...

Uwem Job Beheads Cousins, Injures Two Others in Akwa Ibom State

A 35-year old man, Mr. Uwem Job, on Wednesday, beheaded two of his cousins, Mr. Akaninyene Job, 45; and Ezekiel Job, 36 in Ikot Nkim, ...

Manager Godwin Tom Very Angry Wizkid Parted Ways With Him

Nigeria’s music industry has witnessed another fall-out between an artiste and a manager as pop sensation, Ayo ‘Wizkid’ Balogun, and Waje have parted ways with ...

80 Abducted Girls Escape From Boko Haram!

About 80 students of the Government Girls’ Secondary School in Chibok Local Government Area of Borno State, abducted by the Boko Haram insurgents on Monday ...

UK NGO Blasts Okonjo-Iweala For Protecting Corruption In Nigeria, Calls For Her Resignation

The Corner House, a United Kingdom non-governmental organization, has urged Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance and Coordinating Minister, to resign her appointment if she ... Full story

Nigerian ‘Witch Hunter’ Pastor Helen Ukpabio To Be Banned From The UK

Campaigners are urging for Helen Ukpabio, known as 'Lady Apostle', to be deported and banned from returning to the UK on the grounds her preaches ... Full story

Ex Beauty Queen And Nollywood Legend Regina Askia Visits Nigeria

Regina Askia-Williams (born Imaobong Regina Askia Usoro, Lagos, Nigeria, 1967) is a Nigerian-born, American-based registered nurse (RN), healthcare and educational activist, television producer, writer, and ...

18 Year Old S3x Worker Oluwatosin Ami Gang-Raped To Death

Two gangsters have been arrested by Policemen attached to the Orile Police Division in Lagos State for allegedly raping and killing an 18-year-old commercial sex ...

One dead, many injured after rival cult groups fight over girlfriend

A 33-year-old man has been killed during a feud between two rival cult groups around Iba new site. Trouble, as gathered, started on Monday, April 14, ...

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

Rate this article

0

Breaking News

Many Celebrities in Nollywood Are Still Living in Bondage

Yes.By their characteristics you shall know them. Because, they will always manifest with time.There are many strange things in Nollywood; strange attitudes of many of ...

Uche Nnanna release pre-wedding photoshoot Pictures

Nollywood Actress Uche Nnanna who is set to officially walk down the aisle with her hubby. She announced that she will be walking down the ...

Artiste Yemi Alade Out With ‘Tangerine’

POP diva and one of Nigeria’s best female vocalists, yemi Alade is in the news again. Just after releasing the video to her massive hit ...

Nigeria Honours Femi Otedola’s Daughter As Nigeria’s Tourism Ambassador

Twenty-one years old daughter of top Nigerian Businessman and owner of Forte Oil Femi Otedola, called Ife Otedola and popularly known as DJ Cuppy was ...

Nollywood stars embark on ‘No makeup’ contest

……As Dayo Amusa Floors Iyabo OjoRecently, Nigerian music star Kingsley Okonkwo unveiled a competition tagged ‘Miss fine face ’contest where winner will get whooping amount ...

Afro Candy Says She's Been Bewitched!

Do you have a story/gist for publication? Please email it to story@nigeriafilms.com blessing | 4/18/2014 9:44:22 AM today is good friday, go to God in prayerhe will ...

Why I unfollowed all my instagram followers……Adokiye

There has been reports going viral online that popular Nigerian pop diva Adokiye Kyrian has unfollowed about eight thousand eight hundred and eighty followers on ...

On Air Personality Freeze, Flaunts Wristwatch Collection

On Air Personality Ifedayo Olarinde, popularly known as Freeze, with CoolFM Radio, Lagos state, has joined the list of celebrities showing of their assets.The Osun ...

Eja Nla To Koko Garri, D’Banj Where is Groundnut?

In the past two years of ‘silence’, the kokomaster has in fact released songs after songs. The problem is, all have been uniformly dreadful. D’banj ...

Tonto Dikeh Urges Young Girls Not Endure Domestic Violence Because Of Love

Domestic Violence is one thing most women in Africa face and many measures are being taken to curb this act. Many Nollywood actresses and actors ...