• Tuesday, April 23, 2024
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Unaudited accounts: Reps to issue warrant of arrest on agencies that shun PAC

Lawmakers begin investigation of donor funds diversion

The House of Representatives has threatened to issue a warrant of arrest on government agencies that fail to appear before its Public Account Committee (PAC) to answer questions on why they failed to submit their audited accounts to the Office of the Auditor General of the Federation.

Chairman of the House Committee on Public Accounts, Oluwole Oke who issued the threat said such agencies have something to hide, stressing that the House was determined to unravel the reason for their refusal.

Oke, particularly ordered the Managing Director of the Niger Delta Basin Development Authority to appear before the Committee on Tuesday or risk arrest.

He issued the threat at the resumed sitting of the Committee on Monday when it was told that 14 years after its closure, some workers of the Nigeria Mining Corporation have been receiving salaries from the government.

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Oke also directed the Minister of Solid Minerals and Steel Development, the Minister of Water Resources and the Director-General of the Bureau for Public Enterprises to appear before the Committee to answer questions relating to agencies under their supervision.

The Minister for Solid Minerals and Steel Development, as well as the Director-General of the Bureau for Public Enterprises, are to appear before the House Committee to explain why the agency that has been closed down since 2006 was still drawing salaries from the public funds.

Assistant General Manager, Finance of the Nigeria Mining Corporation, Dauda Ibrahim Gambo told the House Committee that the agency was closed for privatisation and that they were asked to collaborate with BPE for successful privatization of the place.

Also, about 24 former workers of the Lagos International Trade Fair who were sacked when the agency was concessioned and absolved by the parent Ministry are still collecting salaries from the organization.

The Committee on the other hand, placed all River Basin Development Authority on status enquiry to find out why they failed to render audited accounts to the office of the Auditor General of the FederAdministration in accordance with the law.

The Anambra Imo, River Basin Development Authority, Lower Benue River Basin Development Authority, Cross River Basin Development Authority, Sokoto Rima Basin Development Authority, Lake Chad Basin Development Authority, Benin Owens River Basin Development Authority, Lower Niger River Basin Development Authority were all placed under status enquiry by the Committee.

Also placed on status enquiry was the Oil and Gas Free Zone Authority, while the National Agency for Food, Drug Administration and Control (NAFDAC)
had its representative turned back.

A Deputy Director in NAFDAC, Gbenga Yewande had informed the Committee that the Director General could not attend the sitting because she was attending an international event at the Transcorp Hilton Hotel in Abuja.

Oke expressed anger with the Office of the Auditor-General for failing to issue a constant reminder to agencies even when they are aware of default by such agencies.

Meanwhile, an Executive Director with the NIRSAL Micro Finance Bank, Lawrence Akande who appeared before the Committee inform them that even though the bank was established to help drive small scale investment in the country, there is no single kobo from a public fund invested in the bank.

He said the only funds the bank was using for its operations was the share of the equity paid by the Bankers Committee who own 60 percent of the bank equity.

He said the vision of the bank was to have branches in the 774 local government areas of the country, adding that at the moment, they have only 53 branches and hope to complete another 60 before the end of the year.