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2012 Governorship Election Result in Nigeria

N30 Trillion Stolen Under GEJ: Court Orders Ngozi Okonjo, Jonathan To Produce Spending Spreadsheet

missing 30 trillion nigeria

May 23, 2016 – Court Orders Ngozi Okonjo Iweala & Jonathan To Account For Missing N30 Trillion, Money Spent From Nigeria’s Income In Past 4 Years

N30 Trillion Stolen Under GEJ: Court Orders Ngozi Okonjo & Jonathan To Produce ‘Spending Spreadsheet’

The Federal High Court sitting in Lagos has ordered the Federal Government and former Minister of Finance, Dr. Ngozi Okonjo- Iweala, to provide information on the spending of the alleged missing N30 trillion.

The amount represents some accruable income to the Federal Government during the last four years of the former President Goodluck Jonathan administration. The Socio-Economic Rights and Accountability Project (SERAP) had, through a suit marked FHC/L/CS/196/2015 approached the court over the failure of the defendants to provide information about spending of the alleged missing N30 trillion, which represents some accruable income to the Federal Government in the past four years. The Federal Government under the leadership of Jonathan and Okonjo- Iweala, who served as Minister of Finance and Coordinating Minister for the Economy, were joined as defendants.

The group had hinged its suit on information by a former Governor of the Central Bank of Nigeria (CBN), Charles Soludo, that “at least N30 trillion has either been stolen or unaccounted for, or grossly mismanaged over the last few years under Okonjo- Iweala’s watch.”

Soludo had, in an article entitled “Ngozi Okonjo- Iweala and the Missing Trillions,” stated that the missing trillions cover: oil theft, money that ought to accrue to stock of foreign reserves, unbudgeted oil subsidy payments, customs duty waivers, leakages through the self-financing government parastatals, unremitted sums by NNPC, etc.

“I have a long list, but let me wait for now. I do not want to talk about other ‘black pots’ that impinge on national security. My estimate, Madam, is that probably more than N30 trillion has either been stolen or lost or unaccounted for or simply mismanaged under your watchful eyes in the past four years,” he had stated. The defendants, however, raised preliminary objection as to the jurisdiction of the court, mode of service and the way, which the trial was instituted.

Delivering judgement in the suit, Justice Ibrahim Buba held that Jonathan and Okonjo-Iweala have no legally justifiable reason for refusing to provide SERAP with the information requested for. The court, however, granted all the prayers of the plaintiff.

[Source: Daily Telegraph]

15 Comments

15 Comments

  1. D Hunter

    May 23, 2016 at 5:13 AM

    Matters arising… This is the herald of what is yet to come maybe. The prelim of a case not hoped for.
    If this is not just a frame up then Nigeria as a whole has a case at hand to deal with. 30 Tri-gini?

    I take a stroll…

  2. fifelomo

    May 23, 2016 at 5:25 AM

    Things are beginning to unfold and its getting more interesting.

  3. Metu Nyetu

    May 23, 2016 at 5:37 AM

    Okonjo Iweala is one of the women I admire in this country. I just hope she doesn’t get to disappoint me. N30Trillion. Earthquake!

  4. oke Joe

    May 23, 2016 at 5:43 AM

    Judicial recklessness! Did you ask SERAP or Soludo how they come come about the figure before giving such reckless order? Soludo quoted as saying `my estimate is probably…..’ Then where are the facts on which the order is predicated? Judicial pronouncements must be based on proved or provable facts and law. Judicial matters must be separated from politics and sentiment. Much as I was never an advocate of the previous administration that does not mean I gloss and laugh over reckless statement of Prof Soludo who was even part of PDP wasteful 16years administration.

  5. bOKEEM

    May 23, 2016 at 5:55 AM

    Jonathan Buhari will hunt you down, the worst Mumu ex President na wetin u b, no single person was prosecute during your regime, so much was looted.

    • Grand father

      May 23, 2016 at 9:02 PM

      Jonathan is Going To jel in Jesus name my brother

  6. sola olaniyi

    May 23, 2016 at 9:47 AM

    I hope madam Okonjo is not part of them oo

  7. Maryf

    May 23, 2016 at 11:00 AM

    Where is the money recovered so far? All of you are just not to be trusted.

  8. Danti

    May 23, 2016 at 11:31 AM

    In that picture, madam came to ask oga; esir, se ko ni leyin sha? ( sir, I hope this shit would not backfire) everything for life go scatter for these people!

  9. betty

    May 23, 2016 at 12:56 PM

    she should explain Pls all their stolen money should be return

  10. EGBERRI MAMA 1

    May 23, 2016 at 7:18 PM

    WE HEAR UNA . WE HV SEEN D BEGINNING , WE SHALL BE WATCHING TO SEE D END BCOS D END OF A MATTER IS BETTER THAN IT,S BEGINNING !

  11. Idiots

    May 23, 2016 at 8:00 PM

    This is why its difficult for Bihari to resolve things as fast as we want.

  12. sharon stone

    May 23, 2016 at 8:19 PM

    where did they keep d other stolen money recovered.

  13. Abdulhakeem

    May 23, 2016 at 9:09 PM

    stupid President Jonathan and dis stupid ongozi may GOD punish u and that generation of yours dat you are saving dis Moni bustards

  14. John Emeka

    May 25, 2016 at 8:05 PM

    Oh! My goodness but dis country is really damn rich..
    It’s just dat our heartless leader’s re making things so difficult and terrible to a common man.

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