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Reps to investigate alleged mismanagement of $67bn

31 January 2013, 09:30

Abuja - The House of Representatives on Wednesday directed its Committees on Finance and Appropriations to investigate the alleged misappropriation of 67 billion US dollars from the Excess Crude Oil Accounts.

This resolution was sequel to a motion moved by Rep. Umar Bature ( PDP-Sokoto) which was unanimously adopted.

According to him, the amount in question is a direct reading from the oil industry since 2007.

He said that the Federal Government only responded to the allegation by accusing the former Minister of Education of misappropriating N458 billion between 2006 and 2007.

In a swift reaction, Dr Doyin Okupe, Senior Special Assistant to the President on Public Affairs, described Ezekwesili ‘s allegation” as malicious and a deliberate dissemination of falsehood.”

The News Agency of Nigeria (NAN) recalls that Mrs Oby Ezekwesili, former Vice-President of World Bank, had alleged that late Umaru Yar'Adua and President Goodluck Jonathan squandered $67 billion from Excess Crude Oil Accounts.

The committees are expected to report back to the House within six weeks.

Meanwhile, the House has directed the Committee on FCT to investigate the operations of companies commissioned to enforce motor parking regulations and collection of parking fees.

The committee is expected to report back to the House within four weeks.

The affected companies are Integrated Parking Services Ltd., and Platinum Parking Management Services Ltd.

This resolution followed a motion moved by Rep. Segun Odebunmi ( ACN-Osun) which was unanimously adopted.

Odebunmi said that the companies commissioned by the FCT Administration to ensure discipline and orderliness were causing problems for vehicle owners.

He noted that motorists in the FCT are unable to identify the particular company or agent overseeing a particular area because different companies seem to be at war.



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