THE House of Representatives on Wednesday set machinery in motion to probe the alleged mismanagement of $45 billion in Nigeria’s foreign reserves and $22 billion excess crude fund amounting to $67 billion left behind by the government of former president, Chief Olusegun Obasanjo.
The House then mandated its committees of Finance and Appropriations to investigate the allegation and report back within six weeks.
Nigerian Tribune recalled that former Vice President of the World Bank, Mrs Obiageli Ezekwesili, had, at a lecture she delivered at University of Nigeria Nsukka (UNN), alleged that the governments of late president, Umar Yar’Adua and President Goodluck Jonathan squandered the reserves with little development.
The House’s resolution to probe the allegation was sequel to a motion sponsored by Honourable Umar Bature who informed his colleagues that there was need to investigate the allegations.
The lawmaker maintained that there was need to dig into the allegations, “because of her World Bank experience and as Special Adviser to the President on Public Procurement as well as a two-time minister in the past.”
When the Speaker, Honourable Aminu Tambuwal who presided over the session put the motion to vote, it was unanimously supported by members.
No comments:
Post a Comment