Social Investment Fund: Reps summon Adeosun, 2 ministers over N1.7trn funds

Social Investment Fund: Reps summon Adeosun, 2 ministers over N1.7trn funds

- Former finance minister Kemi Adeosun has been summoned by the House of Representatives

- Zainab Ahmed and Sadiya Umar Farouq, two serving ministers, were also handed a summon notice

- The summon is as a result of alleged misinformation in the finances of the Social Investment Programme from 2016 to 2019

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The House of Representatives has summoned former finance minister, Kemi Adeosun, and incumbent minister of finance, budget and national planning, Zainab Ahmed, over N1.7 trillion National Social Investment Programme (NSIP) allocation.

The summon was issued by Honourable Wole Oke who is the chairman of the House committee on public accounts as investigation commences over the finances of the NSIP in the period of three years.

Sadiya Umar Farouq, minister of humanitarian affairs, disaster management and social development and other top officials of the ministry were also summoned.

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Legit.ng gathers that the summon came on the heels of alleged misinformation given on the finances of NSIP from 2016 to September 2019.

Social Investment Fund: Reps summon Adeosun, 2 ministers over N1.7trn allocation

Apart from Kemi Adeosun, Zainab Ahmed and Sadiya Umar Farouq, two serving ministers, were also handed summon notice. Credit: Nigerian Tribune.
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According to the Nigerian Tribune, the Zainab Ahmed-led Ministry of Finance had stated in a report that out of the N1.7 trillion earmarked for four years, N619.142 billion was released and a sum of N560.914 billion was utilised, leaving balance of N58.227 billion which was handed over to humanitarian affairs and social management ministry.

The House committee probing the NSIPs said the breakdown of the finances in the report was spurious and misleading, hence the summon.

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In a related development, Isa Sadiq Raddah, member of the Presidential Advisory Committee Against Corruption (PACAC), made another revelation as the corruption probe into the Niger Delta Development Commission (NDDC) hits new dimension.

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Speaking at a workshop in Sokoto, Raddah, who is also a member of the commission's forensic audit committee, said about 12,000 projects which were paid for through the agency were abandoned.

The PACAC member further added that 1,700 contractors got mobilisation fees from NDDC and vanished without executing the projects.

Raddah's revelation is coming barely twenty-four hours after the Senate probe panel investigating alleged financial recklessness in the NDDC disclosed that billions of naira were aimlessly squandered under the Kemebradikumo Pondei-led leadership.

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Source: Legit.ng

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