NIGERIAN FINANCE MINISTER OKONJO-IWEALA RESIGNS – SOURCES

Dr. Ngozi Okonjo-Iweala, Nigeria’s

Minister of Finance and Coordinator

of the Economy, tendered her letter of

resignation to President Goodluck

Ebele Jonathan on Tuesday,

February 18, 2014, following the

controversy surrounding funds

accrued from the sale of crude oil,

two privileged sources familiar with

the development have told THEWILL.

Her resignation was however not

accepted by President Jonathan,

who assured her that heated matter

would be resolved soonest.

Okonjo-Iweala in her letter had

expressed frustration with the lack of

accountability in the petroleum

sector where billions of dollars are

currently being reconciled. She also

expressed fears that her reputation

was being rubbished by the scandal.

 Though Okonjo-Iweala Thursday 

 addressed a press conference to 

 reassure investors that the nation’s 

 fiscal policy would not be affected by 

 the suspension of CBN Governor, 

 Lamido Sanusi, one source told 

 THEWILL that the Minister is irked by 

 the sudden suspension of the 

 controversial banker, who recently 

 disclosed that $20 billion belonging 

 to the federation has not been 

 remitted by the NNPC.

Our sources insist that the Minister

will exit the Jonathan government soonest.

THEWILL tried unsuccessfully

Wednesday and today to get the

Minister’s comment for this report.

Her aide, Paul Nwabuikwu did not respond as well.

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