Ngozi Okonjo-Iweala, former minister of finance, says it is untrue that she mocked Rotimi Amaechi, minister of transportation, and Babatunde Fashola, his power, works and housing counterpart.Okonjo-Iweala was alleged to have referred to Amaechi and Fashola as “scavengers turned saints”.She was said to have made the statement in ‘Fighting Corruption is Dangerous’, her recently-released book on her role in the Goodluck [...]
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Ngozi Okonjo-Iweala, former minister of finance, says there was a plan to confine her to a wheel chair and force her out of office during the time she served under ex-President Goodluck Jonathan.She said some oil importers and marketers whom the federal government owed money were behind the plot.According to the world-renowned financial expert, a friend to one of her [...]
The world has to remain strong amidst threats posed by climate change, terrorism and commodity prices.Nigeria and other countries of the world are looking towards agriculture, financial technology, manufacturing, gender equality and increasing tax revenues to combat these threats.The business and finance world — led by the World Bank and the International Monetary Fund (IMF) — will be converging on [...]
Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC. Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.According to a statement released on Thursday, by Jon Tracey, the bank's media specialist, at the London Stock Exchange, the company said her [...]
Ngozi Okonjo-Iweala, former minister of finance, says growth and development cannot be achieved when a country has distortions in its foreign exchange rates.Speaking at the launch of 'Beating the Odds: Jumpstarting Developing Countries', a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there is no one way to growth and development, but some basic [...]
Ngozi Okonjo-Iweala, two-time minister of finance, says she has not endorsed anyone for president in 2019.A campaign poster is currently making the round on and off social media that Okonjo-Iweala will be contesting the presidency with former vice president, Atiku Abubakar, who is said to run for president.Reacting to the poster, Paul Nwabuikwu, her media consultant, said she had not endorsed anyone [...]
After winning the 2016 Global Fairness Award in Washington DC, Ngozi Okonjo-Iweala, two-time finance minister of Nigeria, joined Pope Francis at the weekend in addressing the world's top 500 CEOs on the effects of globalisation.Receiving the award, Okonjo-Iweala said 2017 must be a year to wage a better fight for global fairness for the vulnerable.“I appreciate the Trustees of the [...]
Rotimi Amaechi, minister of transportation, has alleged that Nigeria went into recession under former President Goodluck Jonathan but that the government only covered it up by saying it was cash-strapped.The minister, who spoke on The Osasu Show, said Okonjo-Iweala begged him to stop saying Nigeria was broke at the time.Amaechi, who was then the chairman of Nigerian Governors Forum (NGF), [...]
Ngozi Okonjo-Iweala said Nigeria is where it is today due to lack of political will to save when there was an oil boom from 2011 to 2015 — when former president Goodluck Jonathan was in power.She spoke at George Washington University on Wednesday on the need to bypass political manipulation and help countries save in times of boom.The former minister has [...]
Ngozi Okonjo-Iweala, former minister of finance, says her 83-year-old mother was kidnapped because she advised Goodluck Jonathan, former president, to remove fuel subsidy.In an interview with Le Monde, the 61-year-old economist said the fight against corruption was at the root of the kidnap, with the abductors demanding her resignation on live television.When asked what her failures and successes in the [...]
Kemi Adeosun, Nigeria’s finance minister, is poorly qualified to manage the country’s economy, according to English newspaper, The Economist.In its review of President Muhammadu Buhari’s ministers, the newspaper described Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but noted that he "may lack the clout to stand up to the president”.“Africa’s biggest economy, which relies on oil for 70% [...]
Five days after Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, promised that the ministry would publish details of the excess crude account (ECA) for the last four years, the information has been made public.Paul Nwabuikwu, her special adviser on communications, released a statement late Sunday, revealing that the federal and state governments shared a total of [...]
Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, says she has gone through “hard times” in the course of discharging her duties.Speaking at a send-off ceremony organised in her honour, Okonjo-Iweala expressed appreciation to staff of the ministry, urging them to support the incoming administration for the growth of the country."We have gone through hard times but [...]
Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, has denied appointing Price WaterHouse Coopers (PwC) to audit the account of the Nigerian National Petroleum Corporation (NNPC).Okonjo-Iweala said this in response to a group of three accounting firms, which accused her of violating federal local content law by appointing PwC for the task.The firms filed a lawsuit on [...]
Parents of the abducted Chibok schoolgirls have denied holding any meeting with the federal government.Mohammed Wakil, minister of state for power, had said on Thursday that he met with relatives of the abducted schoolgirls in Maiduguri, capital of Borno state, to brief them on the developments towards securing the release of their children.“I am here to convey the sympathy of Mr. [...]
A civil society group, Socio-Economic Rights and Accountability Project, (SERAP) has filed legal action against Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the economy, over her refusal to provide information about the allegedly missing N30 trillion from the federation account.Chukwuma Soludo, a former governor of the Central Bank of Nigeria (CBN), had alleged that the money was “missing or [...]
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