Minister says she acts based on professionalism and equity.
The Minister of Finance, Ngozi Okonjo-Iweala, on Tuesday accused the Rivers Stategovernor, Chibuike Amaechi, of being economical with the truth about the status of the Excess Crude Account, ECA, and the situation with the loan the state government sought from the African Development Bank, ADB.
Governor Amaechi had on Saturday, during the executive retreat by the Nigerian Governors’ Forum, NGF, in Sokoto State, claimed that he did not understand what happened to the savings in the ECA, which had a balance of about $9billion (N1.43 trillion) in January before being depleted to less than $4 billion (N635 billion) by November – an allusion that about $5 billion (N794 billion) may have been mismanaged.
The NGF Chairman had also accused Ms. Okonjo-Iweala of politicising her official decisions. He cited the application by the Rivers State Government for approval of the bid to secure a $200 million loan facility from the ADB for the execution of some water projects, which, he said, was turned down by the Minister, because of his political feud with President Goodluck Jonathan.
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