Senate committee directs minister, NEPZA boss to return N14.3 billion - Premium Times Nigeria

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Senate committee directs minister, NEPZA boss to return N14.3 billion

The demand was contained in a letter written by the Chairman of Senate Committee on Trade and Investment, Mohammed Sabo .In the letter, Mr Sabo asked the minister and the NEPZA boss to either refund the money immediately or be prepared to face dire consequences.

He also said the money was first lodged in NEPZA’s account domiciled with the Central Bank of Nigeria from 2017 budget allocations and thereafter, moved into the private firm’s account. “This is unacceptable to us. Hence, we have directed that money be returned,” Punch quoted him saying. “Pursuant to Section 80 and of the Constitution of the Federal Republic of Nigeria 1999 as amended and Financial Regulation, sections 313 and 314 and Senate Standing Order 98, 14 of 2015 as amended, we hereby write to you on the above matter.

 

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