Okonjo-Iweala’s Statement:Dino Melaye’s Sponsored Demonstration Paid For By Indicted Oil Marketers



Earlier today, a disreputable former member of the House of Representatives, Mr Dino Melaye brought a handful of demonstrators to the Federal Ministry of Finance who conducted themselves in an unruly manner.

have it good authority that Mr Melaye’s group was sponsored by some of the indicted oil barons who are currently being investigated and prosecuted subsidy fraud. Their allegation to wrong subsidy payments made by the Ministry a mere ruse to conceal their true motives.

It important to note that the Federal Ministry of Finance does not pay any contractors directly. The relevant ministries do. So this allegation by Mr Melaye and his group completely wrong and without foundation.

Also, whenever its statutory mandate requires that it makes any payments, the Ministry follows strict payment procedures and pays when there appropriate documentation relevant agencies.

The Melaye demonstration was ostensibly to call the resignation of the Coordinating Minister the and Minister of Finance who is well known fighting the fraudulent oil barons whose names were published by the Federal Ministry of Finance various breaches of the subsidy regime.

Nigerians are, of course, not deceived by the antics of Mr Melaye who has known pedigree as a activist or even a reputation for honour or common decency.

When asked by the Ministry’s Secretary, Mr Danladi Kifasi to submit a written statement, Mr Melaye said that they did not come with any. This gives an indication of the level of seriousness of the effort.


Curiously, Mr Melaye and his cohorts, in their frivolous allegations,  did not mention the fact that the Federal Ministry of Finance under the leadership of Dr Okonjo-Iweala took the unprecedented step of publishing the names of 25 companies which were investigated by the Aig-Imoukhuede Committee for various breaches of the subsidy regime.

They also neglected to say that many of the indicted marketers are currently undergoing interrogation and prosecution. As a direct result of the Ministry’s efforts against corruption in the subsidy regime and tighter procedures, the nation has saved billions of that would otherwise have gone to corrupt marketers.

The Federal Ministry of Finance stands steadfast in its resolve to fight against corruption and manage the finances of the country in the best interest of the Nigerian people.

Paul C Nwabuikwu

Senior Special Assistant to the Coordinating Minister for the and Minister of Finance

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