Senate Investigates Missing Funds

In News 2019-10-22 14:33:19
Senate Investigates Missing Funds
Senate Investigates Missing Funds

The Senate has opened investigation into the alleged illegal transfer of N14.3bn from the Nigerian Export Processing Zones Authority to a private company, Nigeria Special Economic Zones Company.

 

Chairman, Senate Committee on Trade and Investment, Rose Oko, stated this on Tuesday during the 2019 budget defence of the agencies in the Ministry of Trade and Investment.

 

Senator Oko insisted that her committee will investigate how such huge amount was moved from government coffers without due process.

 

She also noted that the agencies with overlapping functions must be streamlined to reduce wastages.