Reps Questions FG Officials Over $125m World Bank Loan

House of Representatives Committee on Public Accounts, has called officials of the Federal Government to question as to how a $125m loan obtained from the World Bank dispensed.

On Thursday, the committee summoned signatories to the World Bank account belonging to the Office of the Accountant General of the Federation where the money was domiciled and through which it was allocated to various government bodies.

During his appearance before the panel, Director-General, Budget Office of the Federation, Ben Akabueze, said that the money was captured in the 2018 Appropriation Act, stressing that the Accountant General of the Federation was also aware of the loan.

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He told the lawmakers that $200,000 out of the sum had already been disbursed to the auditor general office. He also presented a document to the committee, which showed a list of beneficiaries of the $125m loan, including the auditor-general.

Chairman of the committee, Oluwole Oke, summoned all collaborating Ministries, Departments and Agencies to appear before the lawmakers next week.