$1 Billion Campaign Funds: Oshiomhole is suffering from ‘numerical diarrhea’ – Okonjo-Iweala
The former Minister of Finance Dr Ngozi Okonjo- Iweala has reacted strongly to the allegations by the Governor of Edo State, Adams Oshiomhole that she took a staggering sum of $1 billion from the Excess Crude Account to fund former President Jonathan’s re-election bid. In a press statement signed by Mr Paul C Nwabuikwu, Media Adviser to Dr Ngozi Okonjo-Iweala, Oshiomole is described as suffering from a disease identified as ‘numerical diarrhea’, and that the governor tortured “calculations” based on his “four figure tables” are mere political numbers conjured to achieve a political purpose. The press statement is presented below….
The statement is just another example of the numerical diarrhea that seems to have afflicted His Excellency in recent times in his effort to damage the reputation of the former Minister.
He has, within the last few months, asked Dr Okonjo-Iweala to explain all kinds of totally wild and unsubstantiated figures, ranging from $30 billion, $20 billion, $2.1 billion, N720 billion and now $1 billion. To say the obvious, the accusations are totally lacking in credibility.
Governor Oshiomhole’s published comments also contain other falsehoods. For instance, he quoted Dr Okonjo-Iweala as saying that she and the Finance Commissioners of the 36 states approved the spending of $2.1 billion out of the Excess Crude Account, adding that the Commissioners had disowned the statement. This is also a complete distortion.
Dr Okonjo-Iweala never said the Federation Accounts Allocation Committee (FAAC) approved spending out of the ECA. Rather as the Commissioners themselves stated, the former Minister of State Finance informed them that
former President Jonathan approved the expenditure to end the debilitating fuel queues across the country.
As Nigerians know, the Finance Ministry under Okonjo-Iweala regularly published details of revenue allocations from the ECA in national media. So Oshiomhole’s tortured “calculations” based on his “four figure tables”
are mere political numbers conjured to achieve a political purpose. Nigerians can see through the elaborate antics.
Governor Oshiomhole’s latest statement, like earlier ones, labours to give the impression that the entire FAAC process which involves the Federal Government and the 36 states of the Federation is a personal monopoly of
This is, of course not true. FAAC is a long standing national platform for allocating revenues chaired by the Minister of State Finance. The governor’s insistence on pushing this clearly fictional narrative underscores his desperation.
It is instructive that Governor Oshiomhole is a key member of the committee set up by the National Economic Council to investigate the ECA spending. His continuing attacks against Dr Okonjo-Iweala seem to suggest
that he has lost confidence in this platform which he deployed to make some of his initial false and baseless allegations. The Governor does not seem to appreciate that he is undermining the very credibility of the
Once again, we ask: why are Oshiomhole and his cohorts so ready to sacrifice truth, precedent and decency in this political witch hunt against Dr Okonjo-Iweala?
We are confident that they will fail because truth will triumph.
Paul C Nwabuikwu
Media Adviser to Dr Ngozi Okonjo-Iweala