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Dr. Ngozi Okonjo-Iwella, Director General of the World Trade Organization and a former Minister of Finance under the government of Dr.Goodluck Jonathan has accused ex-president of the Senate, David Mark; former Speaker of the House of Representatives who is now governor of Sokoto State, Aminu Tambuwal; and other members of National Assembly of collecting a whooping sum of N17 billion bribe before the 2015 Budget was passed.
Okonjo-Iweala, Nigerian-American economist, disclosed this shocking revelation in her book: “Fighting Corruption is Dangerous: The Story Behind the Headlines.”
The former Minister said the bribe money, which was added into the budget was N20 billion initially, but was reduced to N17 billion.
She added that the N17 billion was padded into budget as election expenses.
She said: “By the time we presented budget on December 16, 2014, the oil prices has further fallen down to $58 per barrel. We were prepared and knew we had to trigger the additional expenditure and revenue measure in 2015 to make the budget work. This would be tough, given that we had entered election year.
“Indeed, legislators initially refused to accept pay cuts to their regular N150 billion budget, despite dwindling revenues. But, eventually agreed to 13 percent cut against backdrop of Ministers accepting voluntary 50 percent to their basic salaries.
“In a tough session with the National Assembly ad-hoc committee on budget (made up chairs of Finance committee and Appropriation Committee of both chambers and other leaders of National Assembly), an additional N20 billion was reintroduced as election expenses for the National Assembly members.
“We insisted that the amount should be dropped because it nullified the 13 percent cut to their statutory budget, but managed N20 billion figure by only N3 billion to N17. This become the price to have 2015 budget passed.”