The Niger Delta Roundtable group has strongly disagreed with the minister of Transport, Hon Rotimi Amaechi, on how much was left behind in the Excess Crude Account by the President Olusegun Obasanjo administration. Amaechi had at an engagement with journalists, yesterday, accused the administration of President Goodluck Jonathan of squandering the ECA savings. According to him, "When Obasanjo was leaving, he left about 65 billion dollars in the excess crude account, but this money was frittered away and we wonder where the money is." But the group, in a statement signed by Wilson Ejumata, accused the minister of distorting facts so they would continue to blame Jonathan for the shortcomings of the current government in the past two years. The group said, "According to Okonjo Iweala who was the then minister of Finance when Obasanjo left office, Nigeria had only $ 9.43 billion in ECA as opposed to Amaechi's $65bn claim. "Contrary to Amaechi's clai...
News and information blog