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BREAKING: Reps summons Emefiele over N32.5b payment without records

 T he House of Representatives has summoned   Central Bank of Nigeria (CBN)   Governor Godwin Emiefele to explain why about N32.5 billion was paid to two companies – Messrs GSCL Consulting and Bizplus – without formal records. Announcing the summons during the resumed investigative hearing yesterday in Abuja, Committee Chairman Mark Gbillah expressed displeasure over the failure of Shell Petroleum Development Company (SPDC) to provide answers to the questions the committee sent to it while claiming that the questions were unclear. Details here..
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N910BN MDAs SHORT-TERM LOANS: CACOL CALLS FOR URGENT RECOVERY

The Centre for Anti-Corruption and Open Leadership, CACOL, has called on the Accountant-General of the federation to urgently recover short-term loans it advanced federal ministries, departments and agencies from the Special Funds Accounts totalling N910 billion. In a release issued by CACOL and signed by Tola Oresanwo, the anti-corruption organization’s Director, Administration and Programmes on behalf of its Chairman, Mr. Debo Adeniran, he stated, “We received the news that the Senate Public Accounts Committee (SPAC) chaired by Senator Mathew Urhoghide, which scrutinized the 2017 report of the Auditor General for the Federation discovered the anomaly. According to the Auditor General of the Federation (AuGF), query, loans and debts arising from Special Funds Accounts totalling N910,039,557,742 showed that the balances remained unpaid throughout the year even when they were meant to be short term”.  “It should be noted that the Committee observed that there was a continuous abuse ...
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