Along with other big names (here), the former Minister of Finance, Dr. Ngozi Okonj-Iweala, has been mentioned in the ongoing $2 billion scam involving former National Security Adviser, Sambo Dasuki.
Here are key things you should know about that:
1. According to an investigative report by Premium Times, Okonjo-Iweala approved a transfer of N61.4 billion ($300 million and £5.5 million) to the Office of the National Security Adviser, Sambo Dasuki.
2. The funds was part of the $322 million recovered from late dictator, Sani Abacha, who stole an estimated $5 billion from the country. The loot is being recovered in trenches and it is unclear exactly how much has been recovered.
3. The transfer was done a few weeks to the 2015 presidential election, without being appropriated before they were transferred making it a clear violation of Nigeria’s fiscal responsibility law.
4. Okonjo-Iweala has confirmed that she released the said $300 million from the Abacha loot to former NSA Sambo Dasuki for the purchase of arms and ammunition for the prosecution of Boko Haram members.
5. She has however stated that a letter was sent to the ex-president, Goodluck Jonathan, to seek his approval for the funds to be disbursed. She explained that the money being transferred formed part of the Federal Government Independent Revenue and expected Dasuki to account directly to the President.
Below is a copy of the said letter:
The post 5 Key Things About Okonjo Iweala’s Involvement With The Dasuki Scandal And Abacha’s Loot appeared first on KokoFeed - Nigerian News For The Young Generation.
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