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Finance Minister Ngozi Okonjo Iweala Blasts Punch Over False News Story


Finance Minister Ngozi Okonjo Iweala Blasts Punch Over False News Story

ngozi okonjo iweala

May 24, 2014 –  Finance Minister Ngozi Okonjo Iweala Blasts Punch Over False News Story


News Release. May 24, 2014


In its front page story, today May 24, 2014, ”Service Chiefs ‘Bomb’ Okonjo-Iweala”, PUNCH, in its usual tradition of lies against the Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, claimed that military Service Chiefs confronted her over delays in releasing the security budget.

The story, like most of the “facts” cited in the article, is a complete fabrication. There was no such meeting and we challenge PUNCH to produce evidence of such a “confrontation”.

The Federal Ministry of Finance is NOT withholding any allocations due to the military. We also challenge PUNCH to reveal the “military sources” that gave it the information.

The headline obviously is meant to knock the heads of the military establishment and that of the Federal Ministry of Finance together in order to sow confusion within the government at a time that the country needs to unite to fight a common threat.

It is instructive that no other newspaper went to town with this lie or the negative slant in PUNCH’s tasteless report.

As accurately reported by other newspapers, over N130 billion, including N85 billion in salaries, was released to the military between January and April 2014 because security is a top priority of the Jonathan administration for obvious reasons. Total defence budget is N968.127 billion which is about 20% of the Federal Budget.

We enjoin PUNCH to practice truth and integrity in its reporting. It is unseemly for a national newspaper to fabricate lies and exaggerate issues. PUNCH, Nigerians are watching you and your scurrilous sponsors.

Paul C Nwabuikwu

Special Adviser to the Coordinating Minister for the Economy and Minister of Finance



  1. ify

    May 24, 2014 at 9:46 PM

    the people that are sponsor this type of publication and d news agency that publish story or news witout verification wht do they hope to achieve?

  2. Egbu kingsley n

    May 24, 2014 at 9:54 PM

    Punch pls gather evidence b4 releasing ur news on air let nigerian know whom is fooling who

  3. iron bar

    May 25, 2014 at 12:29 AM

    punch is anti jona .we aint surprised

  4. Meksoto

    May 25, 2014 at 8:22 AM

    Punch is gradually becoming a failed & junk-yard newspaper! I stopped contributing my opinion/comments on it’s disqus platform since august 2012 wen i discovered it’s spurious concoctions & lies which it feeds it’s readers! I pity d ignorant morons who still rush to post comments foolishly without discernment in punch’s disqus forum. Soon dey (punch) will fold up! Their glaring hatred for jonathan is clear for even d blind to see. While i hv nothing to profit from jonathan’s govt; wat nigerians desire from punch & other media outlets is a balanced & factual reportage of events!

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