The House of Representatives has summoned the Minister of Finance, Taiwo Oyedele, and the Accountant-General of the Federation, AGF, Shamseldeen Babatunde Ogunjimi, over N75 billion reportedly borrowed from the Universal Basic Education Commission, UBEC.
The two officers are anticipated to seem earlier than the House Public Accounts Committee on Thursday, October 22, to clarify how the cash will likely be refunded.
The resolution was taken at a listening to in Abuja on Friday after lawmakers questioned the withdrawal of funds belonging to authorities businesses to satisfy different obligations with out clear reimbursement plans.
The committee, chaired by its Deputy Chairman, Jeremiah Umaru, stated public funds meant for one company shouldn’t be diverted to a different objective with out correct situations.
Umaru stated the committee needed a agency dedication on when the cash can be repaid, slightly than simply explanations from representatives.
“For every borrowing, there must be phrases and situations hooked up. We need to know what your plan is.
“You borrowed cash for sure causes, however you ought to be prepared to return it inside a particular interval, even with out curiosity, since it’s government-to-government.
“The major situation we’re is N75bn. We want the Accountant-General to seem in particular person, and we would like the Honourable Minister to seem in particular person too in order that we will get a timeline.
“We want to agree on when this money will be paid so that we can close this matter once and for all,” the committee stated.
