Oshiomhole Accuses Okonjo-Iweala Of $1bn Misappropriation

The Edo State Governor has accused the former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, of misappropriating a sum of $1 billion from Nigeria’s Federation Account. Governor Adams Oshiomhole alleged that the money was illegally taken to fund the March 28 re-election bid of former President Goodluck

MPR, Oil Marketers Set June 13 To End Fuel Scarcity

The Ministry of Petroleum Resources and oil marketers have resolved to end the current queues at petrol stations in most parts of the country by June 13. At the end of a meeting with the oil marketers in Abuja, the Permanent Secretary in the ministry, Mr Taiye Haruna, said that

Capital Oil Defies Strike, Begins Petrol Loading

Capital Oil is defying the directive by other fuel marketers insisting that they will not lift petroleum products except the federal government pays them the money they are owed. The independent oil marketing company is pushing out 15 million litres to ease the situation across the country.

FG & Petrol Marketers Disagree on Outstanding Subsidy Debt | Finance Minister to Meet with Marketers Today

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There is a disagreement between the federal government and petrol marketers about exactly how much subsidy debt is owed. Punch reports that Minister of Finance, Ngozi Okonjo-Iweala says the government owes marketers N131 billion, however; the marketers insist that they are still being owed N200bn after last week’s payment of

BE PREPARED! We Are Entering An Era Of Austerity And Discipline – Ex-Finance Minister

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Onaolapo Soleye, a former minister of finance under the military administration of Muhammadu Buhari, has called on Nigerians to brace up for a season of discipline and austerity during the second coming of General Buhari. Dr Soleye has expressed his opinion about the current financial situation in the country in