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The Senate Committee overseeing the South East Development Commission, SEDC, has questioned the commission’s enactment regarding its nonaccomplishment to relationship for implicit N4 cardinal expended from its 2025 budget.
This enquiry took spot erstwhile the Managing Director of the SEDC, Mark Okoye and his squad appeared earlier the committee.
Okoye attended the gathering alongside Sylvester Okonkwo, a erstwhile Chief of Staff to Senate President Godswill Akpabio, to warrant the commission’s fiscal activities for the year.
According to fund documents, the SEDC was allocated N16.6 cardinal for its operations successful 2025.
Kalu, representing the Abia North Senatorial District, inquired astir the remaining equilibrium successful the commission’s relationship and the mode successful which the funds had been utilized.
He said, “We volition not judge immoderate excuses, careless of your background. My work is to fulfill my duties, and we, arsenic parliamentarians, indispensable fulfill ours. I bash not attraction however you came to clasp this position, but the constitution has entrusted america with a relation to guarantee you run wrong the laws of Nigeria.
“My question is this: you person received N16.6 billion, however overmuch is near successful your account?”
In reply, Okoye stated that the committee had betwixt N11.5 cardinal and N12 cardinal inactive available, suggesting that implicit N4 cardinal had been allocated to...
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