Politics Amaechi lied about Excess Crude Account, Rivers loan, Okonjo-Iweala says -Premium Times

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The Minister of Finance, Ngozi Okonjo-Iweala, on Tuesday accused the Rivers State governor, 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.

Click source for more details : PREMIUM TIMES

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