News

Reps summon Accountant-Gen

By Ben Agande

ABUJA – House of Representatives Committee on Public Accounts has summoned the Accountant-General of the Federation to appear before it tomorrow to explain why it failed to answer the House’s summon over the auditing of the Federation Account as raised by the Auditor-General of the Federation, between 2005 and 2009.

Chairman of the committee, Mr. Solomon Olamilekan, who gave the directive, yesterday, also decried the contempt with which the office of the Accountant-General treats invitations of the House and threatened to invoke relevant constitutional provi-sions to compel the appearance of the Accountant-General.

According to the committee chairman, apart from the three queries from the office of the Auditor-General of the Federation to the Accountant General of the Federation over the audited accounts of the Federation, the committee also raised eight queries which were ignored by the Accountant-General.

The committee chairman also revealed that the activities of Nigerian Deposit Insurance Company from 2006 till date would be investigated.

to determined the status of the banks prior to their consolidation as well as after they had consolidated in line with the directive of the Central Bank of Nigeria, CBN.

The committee, which received officials of the Federal Road Maintenance Agency as well as the Nigerian Deposit Insurance Commission also heard that the N586 million belonging to the FERMA was trapped in the defunct City Express Bank, while another N4 million paid by FERMA to a consultant to recover the money from the NDIC was also lost as the consultant was unable to retrieve the money from the NDIC.

Olamilekan, therefore, directed that the N4 million must be recovered from the Consultant and returned to the Federation Account as the essence of its payment was not achieved