Why ex-perm secs, others should return mismanaged N1tn – Senate

The Senate has justified its choice to compel retired heads of ministries, departments and companies of the Federal Authorities to refund billions of naira allegedly misappropriated throughout their tenures.

The pink chamber had penultimate week directed 59 Federal Authorities companies to refund to the Federation Account over N1tn allegedly misappropriated by them through the years.

It particularly ordered that every one cash illegally spent by the affected companies between 2013 and 2015 must be recovered and remitted into the treasury inside 60 days.

The Senate took the choice after contemplating the report of the Committee on Public Accounts on the annual report of the Auditor Common for the Federation on the accounts of the federation for the yr ended December 31, 2015 (components I & II).

The committee investigated expenditures of the Federal Authorities companies from 2015 to 2018 primarily based on the report of the AuGF.

The report of the committee, which was authorized by the Senate in plenary, beneficial that previous and current heads of the affected companies ought to refund the cash allegedly misappropriated by them inside 60 days.

It directed the accountant-general to compile the checklist of the affected individuals for onward transmission to the anti-graft companies in the event that they did not refund the funds to the Consolidated Income Fund on the expiration of the ultimatum.

Talking with our correspondent in Abuja on Tuesday, the Chairman of the committee, Senator Matthew Urhoghide, stated opposite to the final perception, the retired heads of the MDAs had the capability to refund the cash allegedly misappropriated by them.

He stated it was not correct for the present occupants of the companies to refund cash allegedly stolen by their predecessors.

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Urhoghide acknowledged that it was potential for the individuals, who allegedly misappropriated the funds, to pay again as a result of they’d have invested the looted funds and made extra positive aspects.

He stated, “The one who stole the cash whereas in workplace may need invested it. So, he would have even been richer now.

“He may have extra money than the one he stole. So, allow them to go and pay.

“The stolen wealth of our nation is within the arms of civil servants and never politicians as many individuals erroneously consider.”

Urhoghide, had in his report, disclosed that 114 federal companies out of the over 600 within the nation, had been queried within the 2015 audit report.

He had stated 59 out of the quantity had their queries sustained after the  probe.

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