Senate Investigates FG's Agency Over Sale of N31m SUVs for N1.5m

Senate Investigates FG's Agency Over Sale of N31m SUVs for N1.5m

- The Nigerian Senate is displeased with the Lake Chad Research Institute for alleged violation of government regulations

- The Senate public accounts committee said the management of the agency has questions to answer about the whereabouts of two SUVs

- The investigating panel is concerned about the suspicious sale of the vehicles

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The alleged sale of two Prado Sports Utility Vehicles (SUVs) worth N31m for N1.5m by officials of the Lake Chad Research Institute, Maiduguri, Borno state is being investigated by the Nigerian Senate.

The Punch reported that the Senate public accounts committee has questioned why the vehicles procured in 2013 and 2014 respectively were sold three years after they were purchased.

Senate probes FG agency’s sale of two Prado SUV for N1.5m
The Senate public accounts committee has not yet uncovered the reason for the suspicious sale of the SUVs. Photo: Nigerian Senate
Source: Facebook

Senator Mathew Urhoghide, who chairs the committee on Wednesday, April 6, stated that it is surprising that the current executive director of the institute, D. Alhassan Bibinu is using a refurbished Hilux as an official car.

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According to This Day, the committee ordered the institute to come with the former executive director who allegedly gave the order for the selling of the two jeeps

The senate discovered suspicious transactions while scrutinising the 2015 to 2018 auditor general’s report currently being treated by both chambers of the National Assembly.

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According to the auditor’s report:

‘’The management of the Institute could not account for two Toyota Prado jeeps which were purchased in 2013 and 2014 with number plate, 45KOIFG, for one jeep while the other had not been registered.
“No reason was given for not registering the second Prado jeep. In addition, a Toyota Hiace bus with number plare, 45KO3FG, could not be accounted for during audit.''

The auditor general then issued a query based on the inability of the management of the institute to provide reasons for the ridiculous sale of the SUVs.

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Meanwhile, a new report has revealed that Nigerian former governors, senators, ministers, and other Politically Exposed Persons (PEPs) have acquired with looted funds over 130 assets in Dubai, United Arab Emirates (UAE).

The report, UAE Component of the Three Countries (Nigeria, UAE and the UK) Comparative Study of Fixing Illicit Financial Flows, was commissioned by an anti-corruption group, Human and Environmental Development Agenda (HEDA).

According to The Nation, the report which was researched and compiled by Professor Gbenga Oduntan of Kent University has been submitted to the chairman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa.

Source: Legit

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