Dieziani In Another $1.3B Financial Mess

Dieziani In Another $1.3B Financial Mess

Investigators looking into the records of former Petroleum minister, Mrs. Diezani Alison-Madueke, have uncovered illegal withdrawal of $1.3 billion.

The money was removed from the accounts of the Nigerian National Petroleum Corporation (NNPC) without relevant approval.

Report says that the withdrawal of the cash was ostensibly to fight kidnapping and other security threats in the Niger Delta.

Former President Goodluck Jonathan is reported to have given the approval to
Diezani Alison-Madueke.

The withdrawal was neither authorised by the National Assembly nor the Federal Executive Council (FEC).

The former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, is also believed to be unaware of the deductions from the NNPC accounts.

Diezani Alison-Madueke is reported to have only relied on a memo from ex-President Goodluck Jonathan without recourse to the board of the NNPC.

A former Group Executive Director, Finance and Accounts of NNPC, Mr. Bernard Otti, has been quizzed by Economic and Financial Crimes Commission (EFCC) detectives over the money.

Otti is said to have also made available to the EFCC some documents, including approvals to withdraw the $1.3 billion by Mrs Alison-Madueke.

In two other instances, Jonathan wrote on two other requests mandating the former minister to take part of the cash from either NNPC Security Vote Account or from the “Gas Fund”.

Read More: Nation

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