Nigeria News

Alade, Otunla to Appear Before House over N56.6bn Unaccounted for Service Wide Vote

The acting Governor of the Central Bank of Nigeria (CBN), Sarah Alade, Accountant General to the Federation (AGF), Mr. Jonah Otunla, and the Executive Director of Finance, Nigeria National Petroleum Corporation (NNPC), Mr. Michaell Abiodun Arokodare, are to appear today before the House of Representatives Public Accounts Committee (PAC)  to clarify  their   various roles in the alleged missing  N59.6 billion Service Wide Vote in 2006.

Summoning the trio, the Chairman of PAC, Hon. Olamilekan Adeola (APC, Lagos), ordered that the AGF should bring all the documents, including all the bank transactions between July and December 2006, and a copy of the federation account, copies of statements of accounts through CBN for the period under review.

“If there was any mandate on the said missing N59.6 billion it will show at a glance. We are tired of all the excuses of all the agencies involved claiming ignorant at one stage or the other,” Adeola said.

Explaining the issue, the General Manager, Accounts, NNPC, Mr. Sambo Aliyu, tendered a letter written by the Budget Office  in response to NNPC’s request to know the whereabouts of the missing fund.

He said the budget office responded that the money was released to NNPC.
He, however, pointed out that “the cash was not released, we did not see any money.”
On his part, the representative of CBN, Mr. Dipo Fatokun said the bank “will need to get the mandates from the AGF,” to give details of what transpired.

Also when queried on the missing fund, a director in the Budget Office, Mrs. Tayo Toluwase, simply said “she does not have all the relevant details on the issue.”

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