Account for N10 billion spent on failed NIPOST subsidiaries, Reps tell BPE

Account for N10 billion spent on failed NIPOST subsidiaries, Reps tell BPE

The House of Representatives has directed the Bureau for Public Enterprise (BPE) to account for about N10 billion expended on the failed subsidiaries of the Nigeria Postal Service (NIPOST). Bamidele Salam, Chairman, House Committee on Public Accounts, made the call on Monday in Abuja at the resumed investigative hearing of the committee.“No reasonable Nigerian will … Read more

Reps issue ultimatum over N45bn alleged unremitted funds

Reps issue ultimatum over N45bn alleged unremitted funds

The House of Representatives Public Accounts Committee has issued a 21-day ultimatum to the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to reconcile the N45 billion unremitted operating surplus recorded from 2007 to 2021. The chairperson of the committee, Bamidele Salam, gave the directive on Tuesday in Abuja, during the committee’s public … Read more