The House of Representatives yesterday demanded full disclosure of funds received by the Development Finance Institutions (DFIs) from the federal government in line with the principle of accountability.
An ad-hoc committee of the House made this demand yesterday at an investigative hearing at the National Assembly. The Committee Chairman, Hon Emeka Anohu (Anambra), however, adjourned the hearing because the chief executive officers of some of the agencies invited to supply documents requested by the committee before Tuesday hearing failed to appear.
One of the officials invited, Ahmed Abdullahi, a Director at the CBN had asked for time to make submission claiming that he got the committee’s letter of invitation too late.
According to him, “I have evidence that the letter got to me this morning going by the stamp.” Asked if the letter could have been kept from him by his staff, he said, “That was not possible,” as, according to him, the letter was stamped and given to him on arrival. The committee, therefore, showed him the date of dispatch which indicated the letter was delivered a week before.
Having been confronted with the committee’s evidence, he said the letter could have come to the CBN earlier but got to his office on December 20. He was, however, asked to sit down having spoken on oath. The Committee Chairman, Emeka Anohu, therefore asked the agencies to go back and prepare to defend their presentations while asking those who haven’t submitted documents to do so as he adjourned the hearing to January 17 next year.
Meanwhile, the Speaker of the House, Hon Yakubu Dogara, has disclosed that the House will revitalise the Bank of Industry and other Development Finance Institutions.