Monday, May 23, 2016

Account for ‘missing N30tn’, court tells Okonjo-Iweala

A Federal High Court in Lagos has ordered a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, to account for the N30tn which a former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, claimed went missing under her watch.

Justice Ibrahim Buba said ordering Okonjo-Iweala to offer explanation on the allegedly missing money was the only thing to do since she had failed to put in a valid defence against a suit seeking an order, mandating her to account for the allegedly missing money.
Soludo had, sometime ago, alleged that “at least, N30tn was either stolen or unaccounted for, or grossly mismanaged” over the years that Okonjo-Iweala was in office as the Coordinating Minister of the Economy and Minister of Finance.
Following the allegation, a group, Socio-Economic Rights and Accountability Project, had demanded an explanation from Okonjo-Iweala under the Freedom of Information Act and later filed a suit before Justice Buba after the ex-minister did not oblige its request.
The Federal Government was joined as a respondent in the suit.
SERAP said in a statement on Sunday by its Executive Director, Adetokunbo Mumuni, that Justice Buba delivered judgment in the suit last week, holding that Okonjo-Iweala had no legal justification to ignore the request to account for the allegedly missing N30tn.
http://www.punchng.com/account-missing-n30tn-court-tells-okonjo-iweala/

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