Saturday, June 29, 2013

N4.3bn proceeds from sale of Nigeria's Washington Property properly accounted for – Ministry




The International Affairs Ministry on Friday denied media studies on the so-called misappropriation of $27 million (N4.3 billion) arises from the purchase of Federal Government house in Washington DC.
A statement given by the ministry solved that $23.5 million (N3.8 billion) was realized from the purchase of the three federal government-owned house in Washington DC between 2004 and 2007 and not $27 million as reported.
It said all charges mixed up in purchase were duly and totally accounted for and that former leader Olusegun Obasanjo duly authorised the sale.

On Thursday, the Senate Committee on International Relations done a “community hearing''to examine allegations of the embezzlement of $27 million, adhering to a petition by one Daniel Elombah.
People reading was attended by Nigeria's former ambassador to the U.S., George Obiozor; the incumbent, Ade Adefuye and; Nigeria's Lasting Consultant to the U.N in New York, Pleasure Ogwu.
People reading was, nevertheless, held behind closed opportunities after the Chairman of the Senate Committee, Matthew Nwangwu (PDP-Imo), declared the event open.

The statement by the ministry noted that the “press were not privy to the detailed submissions of the three distinguished diplomats.”
“Without prejudice to the findings of the Committee, we state, that the purchase of these qualities were duly authorised at the highest stage and that no finance was ‘missing'as alleged. We, therefore, need that persistence be resolved even as we await the final report of the Senate Committee's research in to this issue,” the ministry said in the statement.

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