The shocking revelation was contained in the 2016 report of the Auditor General of the Federation being considered by the Senate Public Account Committee chaired by Senator Mathew Urhogbide.
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The committee chaired by Senator Mathew Urhogbide, took the decision after the failure of the Federal College of Agriculture, to appear and make presentation before the Senate Panel.
The Committee, chaired by Senator Mathew Urhogbide, relied on the 2015 report submitted by the Office of the Auditor General of the Federation, which exposed the mismanagement of public funds in the Escrow Account.
The Senate query was hinged on the report of the Auditor General of Federation, Anthony Ayine, before he proceeded on retirement.