Allegations Of “Illegal Diversion” Of Abacha Funds Baseless - Okonjo-Iweala

PRESS RELEASE

As part of the campaign of falsehood against former Minister of Finance, Dr Ngozi Okonjo-Iweala by Edo Governor, Adams Oshiomhole, and other powerful and corrupt interests, another baseless story has been published by some online media. 

*Ngozi Okonjo-Iweala 

To achieve their evil propaganda objective of tarnishing her name, these evil elements have distorted the contents of a memo dated January 20, 2015 in which the former Minister of Finance, Dr Ngozi Okonjo-Iweala responded to a request by the former National Security Adviser, Col Ibrahim Dasuki (retired), for funds to prosecute the terror war against Boko Haram. 

Here are the facts:

·         The central responsibility of the Minister of Finance IS to find sources of funding for the financing of approved national priorities such as security, job creation and infrastructure. 

·         It will be recalled that throughout 2014, there were public complaints by the military hierarchy to President Goodluck Jonathan about the inadequacy of funds to fight the anti-terror war in the North East, resulting in Boko Haram making gains and even taking territories.  A lot of the criticism was directed at the Federal Ministry of Finance under Dr Okonjo-Iweala which was accused of not doing enough to find funds for the operations.

Corruption Mobilizing To Fight Back

By Femi Falana 

 Last week, some of the principal  suspects implicated in the probe of the $2.1 billion and N643 billion arms gate were nabbed by the Economic and Financial Commission.  Pursuant to the ex parte orders validly issued by the courts  the suspects have since been detained  for the purpose of investigation. But in a desperate move designed  to divert the attention of the Nigerian people and the international community from the grave allegations of reckless and criminal diversion  of the public funds  earmarked for arms procurement to prosecute the war on terror, some reactionary politicians have accused the Buhari administration of engaging in  impunity for detaining the suspects beyond 48 hours without trial. In challenging the detention of the suspects by the EFCC  a senior lawyer was alleged to have said that "a magistrate court has no power to issue a holding charge warrant".

With respect, the detention of the suspects is in strict compliance with the rule of law. The attention of the "critics" ought to be drawn  to sections 293-299 of the Administration of Criminal Justice Act, 2015 (ACJA) which stipulate that a suspect arrested for an offense which a magistrate has no  jurisdiction to try, shall within a reasonable time, be brought before a magistrate court for remand. The order which shall be for a period not exceeding 14 days may be further extended provided that if the investigation is not concluded  within 28 days the court may summon the appropriate authority to show cause why the suspect should not be unconditionally released. Suspects who are remanded in custody are at liberty to ask for bail or apply to the appropriate high court to secure the enforcement of their fundamental right to personal liberty. In view of the clear and unambiguous provisions of the law it is misleading to insist that a magistrate court lacks the power to grant the application filed by the EFCC for the detention of the criminal suspects.

Gov Oshiomole’s Unconscionable Campaign Of Lies Against Me – Okonjo-Iweala

PRESS RELEASE 

Former Minister of Finance, Dr Ngozi Okonjo-Iweala has requested the Federal Government to call Edo State Governor, Mr Adams Oshiomhole to order over the Governor’s recent efforts to link her name to the alleged $2.1 billion arms issue.

The Minister stressed that she has absolutely nothing to do with the issue.

*Dr. Okonjo-Iweala and Gov Adams Oshiomole 

She stated that it is an abuse of public office, the judicial process and her human rights for Governor Oshiomhole whom she stopped from taking a highly suspicious N15 billion loan to make false allegations against her while hiding behind the constitutional immunity granted state governors.

As recently confirmed by the Debt Management Office, professional analysis showed that Oshiomhole’s loan request which was based on using low interest World Bank loan to offset high interest commercial loans would have left Edo state with a heavy debt burden and the the state would have found it very difficult to pay back.