Current finance minister, Ngozi Okonjo-Iweala, may have been privy to the manipulations in the importation of petroleum products in her first tenure between 2003 and 2006, if the position of the Central Bank of Nigeria on the documentation of the products is correct. Reacting to the Nigeria Customs Service’ allegation that the bank and the federal ministry of finance had in 2002 issued a circular barring the Customs from inspecting imported petroleum products landing in Nigerian, the apex bank said the memo was issued in 2004.
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