The Ministry of Finance, Budget, and National Planning is among 207 Ministries, Agencies, and Departments (MDAs) of the Federal Government and security agencies being probed over how they spent N4,94 trillion disbursed to them from the Service Wide Votes (SWV) in the last five years.
Others being quizzed by the Senate Public Accounts Committee include the State House, Central Bank of Nigeria, CBN, National Assembly, Economic, and Financial Crimes Commission, EFCC, Office of the Accountant-General of the Federation, and Head of Service of the Federation.
Their invitation is contained in a statement titled: “Special oversight on the expenditure of funds received from Service Wide Votes between 2017 and 2021” in Abuja. It was signed by the committee’s Chairman, Matthew Urhoghide, and Clerk, S. D. Umar.
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The probe began October 11. It is expected to end on December 13, 2022.
The committee noted in the statement that expenditure from the fund rose from N887 billion in 2017 to N1.93trillion in 2022.
It said the probe was targeted at ensuring compliance with the provisions of the the1999 Constitution, Senate Standing Orders, Financial Regulations and other extant laws.
