Sunday 22 November 2015

We didn't get Senate-approved $1b arms fund — Former Minister

A former minister in the government of ex-President Goodluck Jonathan has declared that the administration did not receive the one billion US dollars for which it sought and received the approval of the 7th Senate for the procurement of arms to fight Boko Haram.

“Initially , the vote was about $900m but the leadership of the 7th Senate advised the Executive to ask for $1billion to accommodate unexpected financial challenges in fighting Boko Haram.

“The Ministry of Finance ought to write letters to those advancing the loan and those companies supplying the arms on how the government will remit the funds.

“We however did not get the $1 billion loan because the former Minister of Finance, Dr. Ngozi Okonjo-Iweala, did not sign the necessary papers as a result of the inability of her office to receive the required votes and proceedings from the National Assembly,” he said.

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