Ngozi Okonjo-Iweala, Nigeria’s former minister of finance, has hit back at the Edo State governor, Adams Oshiomhole, on his allegations that she mismanaged the Excess Crude Account.
She holds that the economy was well handled under her auspices. This comes against the backdrop of Governor Adams Oshiomhole’s accusations that she had run the ECA as though she was running a one-man show, in the last four years.
Governor Adams spoke in these words:
“As the country transits from one democratic dispensation to another, there is no gainsaying that the state of the nation’s economy is the focal point, especially with the unending fuel scarcity, which is gradually grinding the nation to a halt.
“No doubt, the best person to explain the state of the economy today is Okonjo-Iweala, the Minister of Finance and Coordinating Minister for the Economy, whose management of the nation’s resources in these past four years has elicited different reactions from Nigerians.
“Recently, Okonjo-Iweala has been all over the place pointing at the wrong directions and blaming everybody but herself for the parlous state of the Nigerian economy.”
Meanwhile, in response to his comments, Okonjo-Iweala, through her Special Adviser on Communications issued a statement countering the claims:
“Obviously, for daring to publish how the ECA was shared and showing that governors, who cannot pay salaries have no excuses, Okonjo-Iweala is being targeted. It is noteworthy that several of their colleagues have been able to manage their finances reasonably well under these same difficult circumstances.
“The release of the ECA details has also demonstrated very clearly that there is no substance in the wild allegations that any money is missing from the account or that the finances of the country under Okonjo-Iweala’s watch have not been well managed.
“Like previous baseless allegations by some governors, the motive behind Oshiomhole’s attack is clear: to deflect public attention away from the manner in which they have run the finances of their states and make Okonjo-Iweala the scapegoat. If it was meant to intimidate the minister, it has failed abysmally.”