$2bn From ECA Was Used For Fuel Subsidy – Okonjo-Iweala

                        
Nigeria’s former Minister of Finance Dr. Ngozi Okonjo Iweala, on Tuesday said the $2 billion she was alleged to have withdrawn from the Excess Crude Account (ECA) without authorisation was used to pay for fuel subsidy under instructions from former President Goodluck Jonathan.

the former minister of finance said the issue was discussed at the Federation Accounts Allocation Committee (FAAC).However Okonjo-Iweala said FAAC did not approve of the withdrawal.