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NADDC N7 5bn Illegal Transactions: No documents to back withdrawals , finance ministry says

Share It was a bewildered Senate that was on Tuesday greeted with silence by the permanent Secretary of the Ministry of Finance, Aliyu Ahmed over the illegal withdrawal of N7.5 from the Central bank account of the National Automotive Design and Development Council (NADDC). The Permanent Secretary was represented by Teslim Akintoye, who said they have no record of the transactions and cannot speak on it. Chairman of the Senate Committee on Public Accounts (SPAC) Matthew Urhoghide who was visibly angry said the Senate will use this fraud to test the will of the President on his fight against corruption.

Senate summons Zainab Ahmed, accountant-general over N7 5bn secret withdrawal

account. Advertisement Ahmed Idris, accountant-general of the federation, was also summoned over the withdrawal from the NADDC levy account domiciled with the Central Bank of Nigeria (CBN). The Mathew Urhoghide-led panel issued the summons on Wednesday following a query raised in the auditor-general of the federation’s (AuGF) report. The AuGF said the funds were withdrawn on various occasions from 2000 to 2006 for government transactions carried out by the presidency. Advertisement Jelani Aliyu, NADDC director-general, told the lawmakers that the money was withdrawn without the knowledge of the agency. He also said previous efforts by the agency to get the money refunded have failed.

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