Sunday, May 22, 2016

Court orders FG, Former Finance Minister to account for allegedly missing N30 trillion

The Federal High Court sitting in Lagos has ordered former Minister of Finance, Ngozi Okonjo-Iweala and the Goodluck Jonathan led administration to  account 
for N30 trillion said to have been missing or unaccounted for while they were in government. 
 

Justice Ibrahim Buba had given the order in a Freedom of Information suit number FHC/L/CS/196/2015 filed by Socio-Economic Rights and Accountability Project (SERAP). 


SERAP’s filed the suit following revelations by the former Governor of Central Bank of Nigeria (CBN), Charles Soludo, that at least N30 trillion “has either been stolen or unaccounted for, or grossly mismanaged over the last few years under the Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala’s watch.” SERAP had approached the court to order the former Minister and the Federal government to provide it with information on the said N30 trillion. 

Delivering judgement in the suit last week, Justice Buba said, 

“Mrs Okonjo-Iweala and the Federal Government have no legally justifiable reason for refusing to provide SERAP with the information requested for. The Court has gone through the application and agrees that SERAP’s application has merits and the argument is not opposed. SERAP’s application is granted as prayed.”

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