Reps summon Taiwo Oyedele, AGF over N75bn UBEC debt

The House of Representatives has summoned the Minister of Finance, Taiwo Oyedele, and the Accountant-General of the Federation, AGF,  Shamseldeen Babatunde Ogunjimi, implicit N75 cardinal reportedly borrowed from the Universal Basic Education Commission, UBEC.

The 2 officials are expected to look earlier the House Public Accounts Committee connected Thursday, October 22, to explicate however the wealth volition beryllium refunded.

The determination was taken astatine a proceeding successful Abuja connected Friday aft lawmakers questioned the withdrawal of funds belonging to authorities agencies to conscionable different obligations without wide repayment plans.

The committee, chaired by its Deputy Chairman, Jeremiah Umaru, said nationalist funds meant for 1 bureau should not beryllium diverted to different intent without due conditions.

Umaru said the committee wanted a steadfast committedness connected erstwhile the wealth would beryllium repaid, alternatively than conscionable explanations from representatives.

“For each borrowing, determination should beryllium presumption and conditions attached. We privation to cognize what your program is. 

“You borrowed wealth for definite reasons, but you should beryllium consenting to instrumentality it wrong a circumstantial period, adjacent without interest, since it is government-to-government.

“The main contented we are looking astatine is N75bn. We request the Accou...