CITING misinformation, the Federal Government at the weekend debunked the allegation made by the former Vice-President World Bank, Dr. Oby Ezekwesili, that the Presidents Umaru Musa Yar’Adua and Goodluck Jonathan administrations squandered the $67 billion reserves (including $45 billion in external and $22 billion in the excess crude account) left behind by the then President Olusegun Obasanjo.
Also, Ezekwesili has charged Nigerians not to be afraid to demand
accountability and good governance. She said good governance increases
service delivery and provides strong leadership, adding that governance
was considered to be okay when it was free from corruption and
accountable to the people.
Ezekwesili was said to have made the allegation at the University of Nigeria, Nsukka (UNN) convocation on January 24, 2013.
Addressing reporters in Abuja Sunday, the Minister of Information,
Labaran Maku, faulted Ezekwesili’s claims, stressing that it lacked
The minister explained that since President Obasanjo left office, the
nation’s reserves had risen and fallen, adding that the fluctuations
was as a result of the global financial crisis.
Maku queried the former World Bank Vice-president on N352.3 billion
she collected when she was the former Minister of Education and other
educational interventional fund asking on what impact it had on
education during her time.
He stressed that despite the challenges faced by the current
administration, there was the need for people to acknowledge
Maku added: “The recent statements by Mrs. Obiageli Ezekwesili at the
UNN’s convocation ceremony on January 24, 2013, betray a surprisingly
limited understanding of government finances. These statements are even
more curious in light of the fact that she held senior positions in
government, and more recently, a position as a vice president of World
Bank. However, rather than speculate about her motives, we would focus
on the facts.