An ad-hoc committee set up by the Senate to investigate the disbursement of development funds to 36 states of the federation since 2017, has summoned the Minister of Finance, Zainab Ahmed; the Governor of the Central Bank of Nigeria, Godwin Emefiele, and others.The Senate, last week, based on a motion moved by Senator Ali Ndume on the alleged uneven disbursement of development funds to states by the Development Bank of Nigeria, set up a seven- member ad-hoc committee to probe the allegation.
He said, “Available information at the disposal of this committee shows that there are worries about the disbursement methodology employed by the Development Bank of Nigeria as not every MSMEs in the country, particularly in the north, knows about the bank. “There is also, the need for a critical review of the total amount disbursed to beneficiary MSMEs from inception to date and total recovery made , if any, will also be made .
Do we have senate in Nigeria? same people
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023: Senate summons finance minister over unexplained N206bn in ministry's budgetThe Senate committee says the finance minister should appear with details and plans for the allocation made despite the country's... The case will soon be closed, this isn't the first time such is happening. They're all advance fraudster.
Read more »
Nigerian Senate Summons Finance Minister Over Unexplained N206billion In Humanitarian Ministry’s Budget | Sahara ReportersThe Minister of Finance, Budget and National Planning, Zainab Ahmed, has been invited before the Senate Committee on special duties to explain the N206billion inserted into the 2023 budget of the humanitarian affairs ministry. The invitation was sequel to the explanation of the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, that she could not explain the N206 billion in her ministry's 2023 budget appropriation. Nothing would happen, it's just a friendly match. They will get their share finally and everyone will rest Congratulations 👏
Read more »
Senate summons finance minister, Emifiele over N500bn paymentAn ad-hoc committee set up by the Senate last week for an investigation on the disbursement of development funds to 36 states of the federation since 2017, has summoned the Minister of Finance, Zainab Ahmed; the Governor of the Central Bank of Nigeria, Godwin Emefiele, and others, to appear before it.
Read more »
Finance Minister Zainab Ahmed commissions mobile scanners to boost Customs operationThe Minister of Finance, Budget and National Planning, Dr Zainab Ahmed on Tuesday commissioned three newly installed mobile scanners to boost operations Doing a wrong things at a right time
Read more »