$1bn isn’t missing from Excess Crude Account – FG

The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday said that there was no money missing from the Excess Crude Account as reported in some national dailies. . Okonjo-Iweala disclosed this while presenting the proposed 2015 budget in Abuja. According to her, report that one billion dollars was missing from the account was a misinformation. “ Today I had seen a headline that said that there is onebillion dollars missing in the Excess Crude Account. “ I just want to use this occasion to correct that and say that there is absolutely no money missing and I do not know where that notion came from. “ One billion dollars from the ECA has been used to pay oil marketers and we published this on Dec. 2, showing that we put N154.6 billion to pay oil marketers. “ This is why you now have about 3.1 billion dollars in the ECA and I will implore that if people need information on what is happening, we are available to answer the questions. “ We should not frighten the country by making headlines that are untrue and bogus,’’ she said.