I Will Not Pay Marketers N159m Subsidy Claims - Ngozi Okonjo-Iweala

Minister of Finance and Coordinating
Minister for the Economy, Dr Ngozi
Okonjo-Iweala has vowed not to pay oil
marketers their subsidy claims, accusing
them of presenting fraudulent claims
with various exchange rates.
She said the marketers subsidy claims
reeked of fraud and that the marketers
are just out to blackmail Nigerians and
make them suffer. She said this while
addressing newsmen in Abuja yesterday
May 23
"Marketers were asking for N159
billion for exchange rate
differentials from the outstanding
N200 billion.

There has been so much fraud
and scam so I have refused to
sign for that money but have
agreed that a committee be set
up involving the Central Bank of
Nigeria (CBN) to verify marketers'
claims. Marketers just want to
make Nigerians suffer. I will not
pay the N159 billion without
verification, Nigerians should not
allow themselves to be
blackmailed. I will not pay the
N159 billion without verification,
Nigerians should not allow
themselves to be blackmailed"she
said