Friday, March 14, 2014

Reps uncover fresh missing N35billion

House of Representatives

More revelations by the House of Representatives Committee on Public Accounts indicated on Thursday that the Office of the Head of Service of the Federation could not account for N35bn it collected from the Service Wide Vote within nine years.

While the records of the Budget Office of the Federation showed that the OHSF received N52bn between 2004 and 2012, the Permanent Secretary, Mr. Remi Adelakun, admitted only N17.6bn.

The committee, which is chaired by Mr. Solomon Olamilekan, insisted on Thursday that Adelakun must explain how the N35bn was spent.

In a separate case, the committee directed the Central Bank of Nigeria to refund the N1.015bn it spent in 2007 to print 65 million ballot papers for that year's presidential election. The committee stated that there were "double payments" for the ballot papers, which it said the bank could not explain adequately.

Although the Director, Corporate Services, CBN, Mr. Dipo Fatokun, who represented the bank, denied the alleged double payments, the committee insisted that the bank made contradictory submissions.

Fatokun said, "There was no double payment. When we first appeared before the committee, we did not check our records very well and that was why we thought there were double payments."


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