Dr Ngozi Okonjo-Iweala, Nigeria’s former Finance Minister, has stated
that Governor Adams Oshiomhole of Edo state is suffering numerical
diarrhea after he alleged that she took $1billion to fund the re-election
bid of former president Goodluck Jonathan.
In statement issued by Paul C Nwabuikwu, media adviser Okonjo-
Iweala, he described Oshiomhole’s accusations as “another false,
baseless allegation against Okonjo-Iweala by Oshiomhole.
“The allegation by Governor Adams Oshiomhole of Edo State that
former Minister of Finance Dr Ngozi Okonjo-Iweala spent $1 billion out
of the Excess Crude Account to fund the re-election bid of former
President Jonathan is the kind of ludicrously false statement that has
unfortunately become a trademark of the Governor in his public
campaign of falsehood against Dr Okonjo-Iweala,” the statement said.
“The statement is just another example of the numerical diarrhea that
seems to have afflicted His Excellency in recent times in his effort to
damage the reputation of the former Minister.
“He has, within the last few months, asked Dr Okonjo-Iweala to explain
all kinds of totally wild and unsubstantiated figures, ranging from $30
billion, $20 billion, $2.1 billion, N720 billion and now $1 billion.”
Okonjo-Iweala then stated that Oshiomhole’s accusations totally lack
any credibility. ” Governor Oshiomhole’s published comments also
contain other falsehoods. For instance, he quoted Dr Okonjo-Iweala as
saying that she and the Finance Commissioners of the 36 states approved
the spending of $2.1 billion out of the Excess Crude Account, adding that
the Commissioners had disowned the statement. This is also a complete
“Dr Okonjo-Iweala never said the Federation Accounts Allocation
Committee (FAAC) approved spending out of the ECA.
Rather as the Commissioners themselves stated, the former Minister of
State Finance informed them that former President Jonathan approved
the expenditure to end the debilitating fuel queues across the country.
“As Nigerians know, the Finance Ministry under Okonjo-Iweala
regularly published details of revenue allocations from the ECA in
So Oshiomhole’s tortured “calculations” based on his “four figure
tables” are mere political numbers conjured to achieve a political
purpose. Nigerians can see through the elaborate antics.
“Governor Oshiomhole’s latest statement, like earlier ones, labours to
give the impression that the entire FAAC process which involves the
Federal Government and the 36 states of the Federation is a personal
monopoly of Dr Okonjo-Iweala.
“This is, of course not true. FAAC is a long standing national platform
for allocating revenues chaired by the Minister of State Finance. The
governor’s insistence on pushing this clearly fictional narrative
underscores his desperation.
“It is instructive that Governor Oshiomhole is a key member of the
committee set up by the National Economic Council to investigate the
His continuing attacks against Dr Okonjo-Iweala seem to suggest that he
has lost confidence in this platform which he deployed to make some of
his initial false and baseless allegations.
The Governor does not seem to appreciate that he is undermining the
very credibility of the committee.
“Once again, we ask: why are Oshiomhole and his cohorts so ready to
sacrifice truth, precedent and decency in this political witch hunt against
Dr Okonjo-Iweala? We are confident that they will fail because truth
will triumph,” the statement read.
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