Senate Gave NSA, Ahmed Ultimatum to Explain N7.5bn Withdrawal

Federal Ministry of Finance
The Chairman, Senate Public Accounts Committee, Senator Mathew Urhoghide on Wednesday gave the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an alleged ‘secret withdrawal of N7.5bn from the two per cent National Automotive Council Design and Development Council Levy Account which is domiciled with the Central Bank of Nigeria.

While scrutinizing the 2015 Auditor-General for the Federation’s report two weeks ago, the committee summoned the affected agencies to appear before it.

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The Director General of NADDC, Jelani Tukur, presented the details of the withdrawal before the committee on Wednesday.

He said that the agency had already written to the Minister of Finance, Zainab Ahmed and the Accountant General of the Federation, Ahmed Idris, on the issue.

According to him, N3.7bn was withdrawn as loan to NAFCON, N3.8bn for security personnel car loan scheme and another withdrawal of N2.3bn as loan to Steyrs Nigeria Limited.

He added that the agency had also written a letter to remind the Niger Insurance Plc on the agreement reached on July 9th 2020 as ordered by the committee.

The first letter which was written to Minister of Finance and Accountant General of the Federation on 23 April, 2021 was delivered on 26 April. While the second was written to the Minister on 26th of April and was delivered to the Minister on 27th April and the one to the Accountant General of the Federation was delivered on 26th of April.

The committee chaired by Senator Mathew Urhoghide said that all parties involved in the withdrawal of money must be in attendance next week Tuesday.