The Senate has queried the Federal Ministry of Finance and the Office of the Account General of the Federation over alleged secret withdrawal of N7.5 billion from the 2% of the National Automotive Council levy account domiciled with the Central Bank of Nigeria .
NW3.8 billion was withdrawn in two installments – N2.8 billion in 2005 and N1 billion in 2006, according to the report of the Auditor-General of the Federation which is being considered by the Senate committee on Public Account, chaired by Senator Matthew Urhoghide. When the committee asked the director general National Automotive Design and Development Council, Jelani Aliyu, about the withdrawal he said the money was withdrawn without the knowledge of the agency.
Displeased by the development, Senate Committee on Public Accounts therefore resolved to summon the minister of finance and accountant general of the federation to give explanation on the fund.The query reads, “A total sum of N3,836,000,000.00 was irregularly withdrawn from the 2% National Automotive Council Levy Account with