Finance Minister, Okonjo-Iweala Faces Actions Over Alleged Missing N30Trillion

After the former governor of the Central Bank of Nigeria (CBN), Prof Charles Soludo made allegations against the Minister of Finance, Dr. Ngozi Okonjo-Iweala over N30 trillion missing under her watch, a civil society group, Socio-Economic Rights and Accountability Project (SERAP), has asked the minister to render full account of the money or face legal actions...

The group, made this known in a letter signed by its Executive Director, Adetokunbo Mumuni, which reads; 

SERAP considers this a serious allegation that requires your immediate and urgent clarifications. If true, such allegation will clearly amount to a fundamental breach of national anti-corruption laws and the country’s international anti-corruption obligations and commitments, including under the UN Convention against Corruption to which Nigeria is a state party.

“Any failure or refusal to render account on the missing N30tn will also be clearly inconsistent with the attitude of a government that has repeatedly expressed commitment to the fight against corruption, and in fact signed the Freedom of Information Act.

“Therefore, it is necessary to provide clarity as to what exactly happened to the missing N30tn if the Ministry of Finance is to continue to play a leadership role in the transparent and accountable management of the country’s resources and wealth, and to enjoy the public trust and confidence essential for the ministry’s effectiveness and impact.

“This information should cover the past four years of your role as Minister of Finance and Coordinating Minister under the President Goodluck Jonathan government”