The House of Representatives is to investigate the Federal Ministry of Finance and the Central Bank of Nigeria for engaging in extra budgetary spending of over 500 million dollars from Nigeria Export Supervision Scheme Fund.
He said that both oil and non-oil export are liable to pre shipment inspection in respect of their quality, quantity and price while the Inspection Agent is required to issue to the Exporter a Provisional Certificate of inspection. In the spirit of transparency and public accountability he said, the inspection Agent is obligated to furnish, weekly reports of successfully conducted pre shipment inspection to the Federal Ministry of Finance, Federal Ministry of Commerce and the Central Bank of Nigeria
Section 80 of the Constitution states as follows “No moneys shall be withdrawn from the Consolidated Revenue Fund or any other public fund 0f the Federation, except in the manner prescribed by the National Assembly.”