The Chairman of Senate Committee on Public Accounts, Senator Mathew Urhoghide hinged the query based on the 2018 Auditor General Report.
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The committee also uncovered that the Central Bank of Nigeria and the Nigeria Social Insurance Trust Fund had not paid up their 30% and 20% equity capital respectively as shareholders of the bank, as spitulated by the FMBN establishment Act.
Dankane made the disclosure on Wednesday in Calabar at the bank’s Southern Zonal Retreat, with the theme He said: “Motivating the Informal Sector to Embrace the National Housing Fund Scheme.”
Oyeyemi spoke while presenting land title documents to 150 staff of Kano State Sector Command of the FRSC that benefited from the Post Service Scheme.
The call was made by the upper chamber’s Ad Hoc Committee on Alleged Misuse, Under Remittance and Other Fraudulent Activities in Collection, Accounting, Remittance and Expenditure of Internally Generated Revenue by Agencies of Government.