World News

Reps Disenchanted over $36.1m World Bank Loan, Summon AGF

The House of Representatives on Public Accounts Committee, PAC, has summoned the Acting Auditor General of the Federation ,Mr.  Aghughu Adolphus over $36.1m World Bank Assisted Fiscal Governance and Institutions   Projects to the office of the Auditor General of the Federation.
Hon Busayo Wole Oke the Committee Chairman gave the order at the resumed Investigation of the World Bank Assisted loan in Abuja following the absence of the Acting Auditor General of the Federation as the  the Team led by a Deputy Director, Mr Babalola Olanrewaju could not explained to the Parliarment the rationale behind taking the loan in the first instance.
“We want to know what the loan was meant for before going to sign for it? What was your procurement plan before arriving at that figure? Or is it a reward? We need to know the programme plan how you want to utilize the loan”.
“We are aware of his journey but there is no need to hurry about it, let him appear before the Committee next week Tuesday  and explain the rationale behind the loan as well as provide other vital information about it.
” Let him come and brief us properly, it is a loan that will be paid back in the next ten years now, you will leave the service of the Federation, your children and our Children will be the one that will be repaying the loans to our creditors, that’s why the man himself has to come and explain to the Parliament personally.
“We knew the efforts we made about getting to the root of the loan, we knew how many battles we fought about it, the office of the Auditor General of the Federation is starved with funds, the place is under staffed, yet that huge amount is hanging somewhere, this not acceptable
“The office of the Auditor General of the Federation is saddled with the responsibility of auditing all the Ministries Departments and Agencies MDAs of the Federal Government for accountability and to boost anti  corruption crusade of the President Muhammadu Buhari.”
He then directed the Clerk to the Committee to write the Acting Auditor General of the Federation to course appearance before the Committee by next week Tuesday to address the Parliament  personally over the loan