Reps to summon Okonjo-Iweala over river basin fund
Written by Taiwo Adediran on December 21, 2015
Still on local scene, the House of Representatives is to summon the immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala for allegedly reversing the sum of one-point-one-seven billion naira approved by former President Goodluck Jonathan for the Sokoto Rima River Basin Development Authority.
A preliminary finding of an ad hoc committee set up by the House indicated that the Office of the Auditor-General of the Federation paid the money into the accounts of the SRRBDA on the ninth of March, 2015 for the purpose of funding the projects of the river basin.
However, the committee noted that the same money was stopped and withdrawn in two tranches within a week in May 2015 by a ministerial directive.
The managing director of the Authority, Mukhtari Ahmad Anka informed the committee that Okonjo-Iweala, through the AGF ordered CBN to withdraw all the money over what the AGF termed “duplication of payment.” He added that presently eight hundred and forty-six million naira has been withdrawn by CBN from their account.
The committee is interested in knowing how a ministerial directive could override a presidential approval and what the money was used for after it was stopped.