Nigerian Senate invites Monguno, Zainab, other over N7.5bn withdrawal from treasury

user_icon Nigerian Senate invites Monguno, Zainab, other over N7.5bn withdrawal from treasury Posted by:
Tiamiyu Saheed Oluwatosin
calendar-icon Nigerian Senate invites Monguno, Zainab, other over N7.5bn withdrawal from treasury Posted on: 2021-04-28 21:15:48
Nigerian Senate invites Monguno, Zainab, other over N7.5bn withdrawal from treasury SENATE



The Senate on Wednesday asked the three officials of the Buhari administration to appear by next Tuesday.

They are National Security Adviser Babagana Monguno, Finance Minister Zainab Ahmed, and Accountant General of the Federation Ahmed Idris.

The Red Chamber of the National Assembly is seeking answers on secret withdrawal of N7.5billion from the treasury.

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The money is two percent of the National Automotive Council Design & Development Council (NADDC) levy account domiciled with the Central Bank of Nigeria (CBN).

NADDC Director General, Jelani Tukur said the agency had written to Ahmed and Idris for clarifications.

He mentioned the withdrawal of N3.7billion as loan to NAFCON, withdrawal of N3.8billion for security personnel car loan scheme, and another withdrawal of N2.3billion as loan to Steyrs Nigeria Limited.

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The DG said a letter of reminder was sent to Niger Insurance Plc on the agreement reached on July 9th 2020 as ordered by the committee.

Tukur disclosed that letters were written to the Minister and the Accountant General on April 23 April, 2021.

Chairman, Committee on Public Accounts, Senator Matthew Urhoghide insisted that all parties involved in the withdrawal must appear.

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“They should bring evidence of the approval when they are coming on Tuesday. The money must be returned otherwise, the committee will take a drastic action on the issue”, Urhoghide warned.

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