Fight against Boko haram: Military has received ₦130b from Jan - April - Okonjo-Iweala

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While presenting the 2014 budget signed last week by Pres. Jonathan to newsmen, the Coordinating Minister of the Economy and Finance Minister revealed that the Nigerian military has received N130.7billion from the Federal Government from January to April 2014 and that another N3.8b has been approved by the president but was still being processed and will soon be released to the military.

How we spent Abacha’s loot — Okonjo-Iweala

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Minister of Finance and Co-ordinating Minister for the Economy and , Dr. Ngozi Okonjo-Iweala , said yesterday that the $ 500 million recovered Abacha loot was used to develop the nation’s rural areas.
The minister was reacting to an article by Mr.  Sonala Olumhense who claimed that $2.5 billion was recovered from the funds looted by the then maximum ruler, Gen. Sani Abacha but that the money disappeared under the minister’s watch.

According to the minister, $ 500 million, not $2.5 billion was recovered and had been spent development projects in rural areas as agreed with the Swiss government.
A statement by Mr. Paul Nwabikwu, Special Adviser to the minister said that the claims by Mr. Olumhense were unverified and largely false.

Jonathan, Alison-Madueke, Okonjo-Iweala Involved In NNPC Diversion Of $50 Billion Crude Oil Funds-PREMIUM TIMES

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President Goodluck Jonathan and two of his top ministers may be attempting a cover-up on what clearly competes as Nigeria’s biggest fraud ever, involving the illegal diversion, or theft, of over N8 trillion crude oil sales proceeds.