Court orders Okonjo-Iweala, FG to account for missing thirty trillion naira

Written by on May 23, 2016

download (8)Justice Ibrahim Buba of a Federal High Court in Lagos has ordered a former Minister of Finance, Ngozi Okonjo-Iweala, and the Federal Government to provide information on the spending of the alleged missing thirty trillion naira, which represents some accruable income to the Federal Government during the last four years of the administration of former President Goodluck Jonathan.


The Socio-Economic Rights and Accountability Project (SERAP), had filed a Freedom of Information suit, following claims by the former Governor of Central Bank of Nigeria (CBN), Charles Soludo, that at least thirty trillion naira had either been stolen or unaccounted for, or grossly mismanaged over the last few years under the  Okonjo-Iweala’s watch. A statement issued yesterday by SERAP’s Deputy Director, Olukayode Majekodunmi, stated that while delivering judgment in the matter, Justice Buba held that SERAP’s application has merits and the argument was not opposed.

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