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House Committee Summons Immediate Past & Present Finance Ministers Over N1.7 Trillion

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3 months ago

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The former Minister of Finance, Kemi Adeosun and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019.

The Chairman, House Committee on Public Accounts, Wole Oke who issued the summons during an investigative hearing into the audit queries on the financial activities of the NSIPs, frowned at the misleading information made on the National Social Investment programme’s Bank Account domiciled with the Central Bank of Nigeria by the Special Assistant to the President on Home School Feeding Programme, Dotun Adebayo and other Desk Officers.

In his presentation, the Minister of State for Finance, Budget and National Planning, Clem Agba disclosed that out of the 1.7 trillion appropriated for the four year period, the sum of over N619 billion was released, the sum of over 560 billion was utilized leaving the balance of over 58.2 billion which was handed over to Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

Read Also: Tinubu In Fresh Crisis, After 11-Page Petition Details Alleged Corrupt Activities

The breakdown of the funds processed and released by Federal Ministry of Finance, Budget and National Planning showed that over 32.08 billion was released for Government Enterprise and Empowerment Programme, over 20.5 billion was released for Conditional Cash Transfer and over 149 billion was released for Home Grown School Feeding. Over 355 billion was released for Job Creation Unit while over 2.4 billion was released for Social Investment Programme for the four years under review.

The Minister also added that prior to the handing over to the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, requests for payments for all types of expenditures in respect of any of the programmes of NSIP emanated from the National Social Investment Office (NSIO) situated under the office of the Vice President.

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