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Budget drama continues as agency presents 2015 budget for 2016

12 February 2016, 16:07

Abuja - Officials of the Investment and Securities Tribunal (IST) on Thursday shocked members of the House of Representatives’ Committee on Capital Market when they presented the same copy of the tribunal's 2015 budget in 2016, reports The Nation.

The discovery was made during the budget defence of the agency before the committee.

It was discovered that the budget for IST in the 2016 budget proposal is just an exact copy of its 2015 appropriation.

Chairman of the committee, Tajudeen Yusuf, who did not hide his displeasure with the development said the 2016 proposal contains all the items dealt with and completed in 2015.

Also read:2016 budget stolen from National Assembly

IST Chairman, Ngozi Chianakwalam refused to speak on the issue.

The agency is under the Ministry of Finance.

There have been lot of controversies surrounding the 2016 budget proposal.

There are several versions of the proposal in circulation.

Read more at The Nation

- News 24


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