The House Public Accounts Committee on Thursday questioned federal government officials about how a $ 125 million loan obtained from the World Bank was spent.
The committee summoned the signatories to the World Bank account belonging to the Office of the General Accountant of the Federation where the money was domiciled and through which it was destined to various government agencies.
The Director General of the Federation Budget Office, Ben Akabueze, who also appeared before the panel for the second time in two weeks, claimed that the money was captured in the 2018 Appropriations Act, noting that the Federation Accountant General He was also aware of the loan.
Akabueze was particularly criticized for the $ 36.1 million allocated to the Federation’s Office of the Auditor General, which had previously complained to the committee that funding shortages were paralyzing its activities.
The BOF chief told lawmakers that $ 200,000 of the sum had already been disbursed to the auditor general’s office. He also presented a document to the committee, showing a list of recipients of the $ 125 million loan, including the auditor general.
The committee chairman, Mr. Oluwole Oke, summoned all collaborating ministries, departments and agencies to appear before legislators next week.
Earlier, the Fund Director, Office of the Accountant General, Sabo Mohammed, said the office had no documents except the committee letter requesting details of the $ 36.1 million World Bank loan made to the auditor general’s office.
Mohammed, therefore, urged lawmakers to allow more time to allow the office to make the required documents available.