 Reps to probe bailout funds to states

Written by on July 15, 2016

download (3)The House of Representatives has resolved to set up an ad-hoc committee to investigate the disbursement and utilization of bailout funds given to state governments in the country.

This resolution followed a motion raised by a Representative, Sunday Karimi on allegations that some states are said to have collected these loans to pay workers’ salaries, but diverted them to other purposes. Lawmakers also queried the process through which the bailout was provided without the input of the national assembly.

Karimi disclosed that reports had alleged that many state governments lodged the bailout funds in interest-bearing accounts and allowed their employees to continue to wallow in hunger and lack.

Contributing to the motion, House Leader, Femi Gbajabiamila, said that the intention of giving out the bailout funds was good, but that the application seemed to be wrongly done. The ad hoc committee is also to ascertain the necessity for further disbursement of bailout fund as being considered by the Federal Government. The committee is to report back in four weeks’ time.

Reader's opinions

Leave a Reply

Current track