House of Reps orders probe into alleged misappropriation of N100bn at NEDC

House of Reps orders probe into alleged misappropriation of N100bn at NEDC

- The House of Representatives has agreed to investigate allegations of misappropriation of N100bn at the North East Development Commission

- The investigation was ordered by the green chamber following a motion moved by the minority leader

- The lower chamber mandated the committees on finance, procurement to investigate the allegations and report back

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Following the alleged misappropriation of N100 billion at the North East Development Commission (NEDC), the House of Representatives has ordered an investigation into the allegations.

ThisDay reports that the lower chamber ordered the investigation after the minority leader, Ndudi Elumelu, moved the adoption of a motion at the plenary on Thursday, July 23.

According to Elumelu, the NEDC bill was signed into law back in October 2017, by the president to replace other initiatives with the aim of coordinating funds accruing from the federation account and donor agencies for rehabilitating and resettling of victims of insurgency, and other activities in the north.

Elumelu said the commission was established to improve the sufferings of the people, but was now alleged to be enmeshed in serious corrupt practices by the management.

House of Reps orders probe into alleged misappropriation of N100bn at NEDC

The House of Reps has resolved to investigate the alleged misappropriation of N100 billion at the North East Development Commission.
Source: Facebook

The minority leader went on to express worry that there are also allegations that the managing director of the commission and close associates diverted funds to buy properties in highbrow neighborhoods of Abuja, Kaduna, and Maiduguri.

The lawmaker speaking on the need for an urgent investigation said it was due to consistent abuse of procurement laws.

House committees on finance, procurement and NEDC were ordered by the green chamber to thoroughly investigate the allegations and report their findings in eight weeks.

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Meanwhile, Legit.ng reported that the House of Representatives has begun investigations into the alleged illegal removal of managements of three federal agencies by the minister of labour, Chris Ngige, and the minister of power, Sale Mamman.

The affected agencies are Nigeria Social Insurance Trust Fund (NSITF), Nigerian Bulk Electricity Trading (NBET) and Transmission Company of Nigeria (TCN).

The investigation which began on Monday, July 20, in Abuja, was organised by an ad hoc committee of the House chaired by representatives, Miriam Onuoha.

In other news, the House of Representatives has asked for written evidence of about $11 billion deducted from the Excess Crude Account (ECA) during the Olusegun Obasanjo-led administration.

The directive was given by Alhassan Ado Doguwa, the head of the ad-hoc committee on power sector reform, following a submission by Accountant General of the Federation (AGF) Ahmed Idris.

Questions were also asked concerning the unexplained difference in the amount withdrawn from the ECA, the N1.3 trillion announced by the ministry of finance in its submission before the committee; the need for clarification on an additional $2.9 billion withdrawn from the same account; another N600 billion assurance facility paid in 2019; and N701 billion loan given to the Nigerian Bulk Electricity Trading (NBET) company between 2017 and 2018.

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Source: Legit

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