The Federal Government, yesterday, responded to the allegations - TopicsExpress

The Federal Government, yesterday, responded to the allegations made by former President Olusegun Obasanjo against the administration of President Goodluck Jonathan, including an alleged squandering of the nation’s $55 billion foreign reserve. The Minister of Finance, Dr. Ngozi Okonjo-Iweala explained that the former President got it wrong, stating that former President Obasanjo left a gross reserve of $43.13 billion, comprising the CBN’s external reserves of $31.5 billion, $9.43 billion in the Excess Crude Account, and $2.18 billion in Federal Government’s savings in May 2007. nicaprom/news/news_detail.php?id=556&title=bn:-%E2%80%98You-got-it-wrong,%E2%80%99-FG-replies-Obasanjo&state=FCT,

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