Ngozi-Okonjo-Iweala-Headline-News-Story
Former Co-ordinating Minister and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has alleged that the Federal Government recovered much of the Abacha loots during the regime of  General Abdulsalami Abubakar and the first term of President Olusegun Obasanjo when she  was not  in government.
She made this allegation in response to an attempt by  a Lagos lawyer, Mr Femi Falana to link her with the $2.1 billion arms deal, rocking serveral former government officials. According to her  only  $500 million  was recovered during her tenure as Finance Minister in President Olusegun Obasanjo government’s  second term
“During the time Dr Okonjo-Iweala was Finance Minister in the second tenure of President Obasanjo administration, $500 million was recovered. As documented by the Field Study conducted by the World Bank with the assistance of national and international NGOs, this amount was properly applied.
Falana’s insistence on the contrary shows how despicable he is and how he is ready to ignore facts and concoct a fiction in the service of his sponsors” she averred.
The former Finance Minister through her Special Adviser, Mr Paul Nwabuikwu, noted that she fought corruption in her time as minister by introducing variuos policies like IPPIS, TSA, GIFMIS and other policies.
lt is on record that Dr. Okonjo-Iweala championed transparency and vigorously fought corruption during her two terms as Minister. Among other actions, starting from Obasanjo’s second term in office, she, for the first time in Nigeria’s history, published monthly revenue allocations to all tiers of government for Nigerians to see.
While serving in the Obasanjo administration, she requested the assistance of the World Bank and DFID, the UK’s development agency to build institutions and systems that could block leakages from the treasury. This work stalled after she left office in 2006. In August 2011 when she returned under the Jonathan government, with the assistance of the Ministry of Finance team, she re-invigorated the establishment and use of the Integrated Personnel and Payroll Management Systems (IPPIS), the Government Integrated Financial Management System (GIFMIS) and the Treasury Single Account (TSA), all of which saved the country billions of naira by drastically reducing avenues for corruption in the public service.
These facts are well documented in successive World Bank, DFID and IMF Article 4 Reports.
It is gratifying that the present government has adopted and is further building on these systems for the benefit of the country” she said.
Okonjo-Iweala said that it was callous of Falana to overlook the fact that her 83-year old mother was kidnapped because of  her  stance on corruption.
“Falana is callous beyond belief for ignoring a fact of recent Nigerian history: the kidnap of Professor Kamene Okonjo, the then 83 year old mother of Dr Okonjo-Iweala by agents of fuel subsidy fraudsters who were angry that the former Minister had blocked them from defrauding the country further.  
“The kidnappers had told the traumatised old woman that they were sent to punish Okonjo-Iweala for refusing to pay some oil marketers. It is on record with the State Security Services that the kidnappers initially demanded the resignation of Dr Okonjo-Iweala in return for the release of her mother. Thank God Professor Okonjo is still alive to tell her story today and she will not be silenced.
It is extremely insensitive and, in fact, inhumane for Falana and his sponsors to level false accusations against someone like Dr Okonjo-Iweala who went through this kind of searing personal ordeal for her principled fight against corruption.”

Sun

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My name is Ademola Babatunde,the former Student Union President of Polytechnic of Ibadan. I have created this blog to give you top class news on politics. Enjoy and God bless

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