This Day (Lagos)

29 January 2013

Nigeria: Presidency - Obasanjo Left U.S.$43 Billion in Foreign Reserve

The Presidency has accused former World Bank Vice President for Africa, Dr. Oby Ezekwesili for "lying shamelessly"  over the spending of the ... ( Resource: Ezekwesili Lied Shamelessly - Doyin Okupe

Ripples of the allegations former vice president of the World Bank, Mrs. Obigeli Ezekwesili that the administration of former President Olusegun Obasanjo left behind $67 billion that has been squandered by the regime of late President Umaru Yar'Adua and President Goodluck Jonathan continued, as the Presidency Tuesday said that Obasanjo left behind $43.13 billion as at the time he handed over in May 27 2007.

Also, the Presidency dubbed Ezekwesili as a liar whose intention was to discredit President Goodluck Jonathan and incite Nigerians against the administration.

This came as the 36 governors of the federation in the early hours of Tuesday decried the management of the Excess Crude Account by the Federal Government and resolved to seek a final resolution of the matter at the Supreme Court.

Ads by Google

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

InFocus

Controversy Over Nigeria's Reserves

The Presidency has refused to join the former World Bank Vice President for Africa, Oby Ezekwesili, in a national debate over the spending of the foreign reserves funds, accusing ... Read more »