Senate demands explanation on N7.5bn withdrawals from NSA, others

THE Senate Public Accounts has demanded clarification on 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.

The Committee had discovered the withdrawal two weeks ago while  scrutinising the 2015 Auditor General for the Federation’s report.

Following the discovery the committee summoned the affected agencies to appear before it.

The summoned were the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser.

But the representatives of the affected agencies were not present at the scheduled meeting yesterday

The Director General of NADDC, Jelani Tukur, however, presented the details of the withdrawal before the committee

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.

He said N3.7bn was withdrawn as loan to NAFCON, N3.8bn for security personnel car loan scheme and another withdrawal of N2.3bn as loan to Steyrs Nigeria Limited.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 was written to Minister of Finance and Accountant General of the Federation on 23 April, 2021 and were delivered to the minister and Accountant General of the Federation on 26 April.

The second was written to the Minister on 26th of April and was delivered to the Minister on 27th April while those to the Accountant General of the Federation were delivered on 26th of April.

After Tukur’s presentation, the  committee chaired by Senator Mathew Urhoghide said that all parties involved in the withdrawal of money must be in attendance by Tuesday, next week.