House Demands full disclosure of DFI Funds received by FG

by on December 21, 2016
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.

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