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Share The House of Representatives Public Accounts Committee (PAC) has given the management of the 17 subsidiaries of the Nigeria National Petroleum Corporation (NNPC) a 7-day ultimatum within which to appear before it over the non-rendition of the financial accounts of the affected agencies over the years to the office of the Accountant General of the Federation. The Chairman of the Committee, Hon Busayo Oluwole Oke, (PDP-OSUN) who gave the order on Friday following the absence of the Managements of the Agencies at the resumed investigative hearing on the queries raised against the Ministries, Departments and Agencies (MDAs) of the Federal Government on non-rendition of their financial accounts, declared that failure to appear before the Committee would lead to the issuance of bench warrant of arrest against them. ....
EFCC re-looted 222 assets recovered from Maina, others ― Witness Friday Olokor, Abuja A witness, Ngozika Ihuoma, on Thursday, told a Federal High Court in Abuja, that the Economic and Financial Crimes Commission, under its former acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63tn. The money was recovered by the defunct Pension Reform Taskforce Team. Ihuoma appeared as the first defence witness in the ongoing trial of the erstwhile Chairman of the disbanded PRTT, Abdulrasheed Maina. He told the court that Magu admitted before the Justice Ayo Salami Judicial Commission of Inquiry that he shared most of the properties based on a presidential directive. ....
Views: Visits 55 A witness, Ngozika Ihuoma, on Thursday, told a Federal High Court in Abuja, that the Economic and Financial Crimes Commission, EFCC, under its former acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63tn. Abubakar Malami, attorney-general of the federation (AGF), had accused Magu of failing to properly account for recovered loot and assets. The AGF alleged that Magu sold some of the recovered assets to his associates.
The money was recovered by the defunct Pension Reform Taskforce Team. Ihuoma appeared as the first defence witness in the ongoing trial of the erstwhile Chairman of the disbanded PRTT, Abdulrasheed Maina. ....