Home News Senate May Report Ministry To Anti-graft Agencies Over N42b Allocation To Private Firm
News - April 2, 2019

Senate May Report Ministry To Anti-graft Agencies Over N42b Allocation To Private Firm

By Michael Paul

If not satisfy with the report of the Federal Ministry of Trade and Investment that would be submitted on Wednesday to explain how a private firm got an allocation of N42billion in its 2019 budget, the senate might give the anti-corruption agencies green light to investigate further, it has been gathered.
Ivotesng.com reports that the Ministry had during the presentation of the budget estimate for 2019 to the Senate Committee on Industry, Trade and Investment, inserted a page appropriating N42billion to a ‘private company’ presented as if it were a government establishment.

The company, Nigeria Sez Investment Company Limited, was presented by the Minister, Dr Okechukwu Enelama as a Special Economic Zone Company and was listed for N42billion appropriation from the 2019 budget proposals by the Federal Ministry of Industry, Trade and Investment .

The committee had on Monday, directed the Minister to forward written explanation on how the company got into appropriation list, its management staff, list of its staff strength and statement of account.
But the Senate Committee Chairman on Industry, Trade and Investment, Sabo Mohammed ( APC Jigawa North West) said they will receive the report on Wednesday.
“We are waiting for the report from the ministry,” Sabo said when asked if the committee will involve services of the anti-corruption agencies on the issue.
“Once we get the report, we will study it and take further action,” Sabo said on the plans of the committee.
On the immediate actions to be taken by the committee, Sabo said: “If we are not satisfy, we will remove that money from the ministry’s budget and fund other agencies. That is the position for now,” the senator added.

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