Browsing: Senate Committee on Public Accounts

The decision of the Senate to indict the bank was sequel to the report of the Senate Committee on Public Accounts.

The Bureau said this in a statement issued on Friday in Abuja by Ibeh Chidi, its Head of Public Communications.

The chairman of the Senate Committee on Public Accounts, Senator Matthew Urhoghide, made this known while speaking with newsmen in Abuja.

The 2015 Auditor General Report, sustained by the Senate Committee on Public Accounts and adopted by the upper legislative chamber accused BPE of committing series of financial infractions between 2014 and 2015 financial years, totalling N8, 757, 353, 089.09billion in violation of several rules of financial regulations .

The revelation is contained in the report of Senate Committee on Public Accounts chaired by Senator Matthew Urhoghide which was approved by the Red Chamber before proceeding on annual recess.

It was alleged by the Committee, Chaired by Senator Mathew Urhogbide, that the principal sums deposited, the tenor and rate of interest were shrouded in secrecy.

Service Wide Vote is contingency fund in the national budget under the control of the Federal Ministry of Finance.

The payment of N460 million to contractors indicated 100 per cent payment of contracts sum in 2015, the report of the Auditor General of the Federation said.

The sleaze by the NBET was uncovered by the Senate Committee on Public Accounts, chaired by Senator Mathew Uhrogbide, when the Managing Director of the company, Dr. Nnaemeka Ewelukwa, appeared before the committee to defend the query raised by the Office of the Auditor General of the Federation on the issue.

The Senate query was contained in the 2015 Auditor General Report, which was submitted to the Senate Committee on Public Accounts, chaired by Senator Mathew Urhogbide, who frowned at the failure of the SMEDAN to present supporting documents of the N298 million spent by some of its officials in 2013.

Akabueze stated this when he appeared before Senate Committee on Public Accounts in an interface on Tuesday.

The Senate Committee hinged its decision to query the NHIS on the 2015 report of the Auditor General of the Federation, which was submitted to the Committee.

This revelation was contained the 2015 Auditor General’s Report submitted to Senate Panel on Public Account.

The Senate Committee on Public Accounts on Thursday summoned the Central Bank of Nigeria and Secretary to the Government of the Federation, Boss Mustapha, over N596 billion Ecological Fund deducted from the Federation Account between 1999 and 2015.