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Monday, 21 December 2015

Reps To Summon Okonjo-Iweala Over N1.2bn River Basin Fund


The directive by the former finance minister Ngozi Okonjo-Iweala for the withdrawal of N1.17 billion from Sokoto Rima Basin Development Commission (SRBDC) account last year is “unacceptable,” members of the House of Representatives  have said.

To this end, the ad hoc committee mandated by the House to probe the withdrawal, after its meeting with the Central Bank of Nigeria (CBN) and the Office of the Accountant-General of the Federation (AGF), queried how the minister’s directive could override that of the president.   It sought for more details from the former minister.

The committee, under Rep Evelyn Ojakovo (PDP, Delta) was informed during the meeting with the authority’s managing director, Mukhtari Ahmad Anka that presently N846 million was eventually withdrawn by CBN from their account.

Anka said due to the commission’s outstanding fund with the federal government, a letter was written to the president for the money, which he approved for release, “because all our previous budgets were never fully released since 2012.”

“We could no longer meet our project and contractual obligations any longer, while our contractors were bothering us. That was why we made the appeal,” he said.

But soon after the release, the minister of finance, through the AGF ordered CBN to withdraw all the money over what the AGF said “duplication of payment.”

Representative of the CBN and director, banking system, Suleman Barau said the apex carried out its duties based on approved and duly signed mandates from the AGF, who opened and owns all accounts of ministries, departments and agencies.

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