EFCC INVITES OKONJO-IWEALA OVER $500M ABACHA LOOT

The Economic and Financial Crimes Commission (EFCC) according to The Nation Newspapaer, has invited former Minister of Finance Ngozi Okonjo-Iweala to answer questions over $500 million Abacha loot.

Former Minister of Finance Ngozi Okonjo-Iweala is to explain how about $250million of the $500million recovered from the family of the late Head of State, Gen.Sani Abacha, was withdrawn.

It was gathered that the cash was released to the Office of National Security Adviser( ONSA) without appropriation. About $36,155,000 (N13,015,800 billion) out of the $250million was also withdrawn in cash “without any purpose”on March 2nd, 9th, 16th and 18th of 2015.

The report revealed that the Acting Chairman of Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has approved Mrs Okonjo-Iweala’s invitation. A letter of invitation has been sent to her.

Details of a fact-sheet obtained by The Nation last night revealed that detectives probing the whereabouts  of the $500million have recommended that the ex-minister be interrogated.

A top source said:

 “Following preliminary findings, a strong recommendation was made to the Acting EFCC chairman for an interactive session with Dr. Ngozi Okonjo-Iweala. Magu has approved the invitation of the ex-minister. We have dispatched a letter of invitation to her. We are hopeful that she will respond. Her presence is necessary because there were issues about the $250million released especially why $36,155,000(N13,015,800billion) was withdrawn in cash.She needs to assist the EFCC team on what became of the balance  of $250million which was yet to be traced. She has to explain  why some of the funds were diverted to  extraneous matters including media services, opinion polls and personal matters.”

Source: The Nation