Oil marketers subsidy claims reeks of fraud -Okonjo-Iweala, vows not to pay unverified subsidy claims

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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

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