Just Imagine! Senate Directsđź‘€ Minister, Agency to Return Alleged Divertedđź’¸ N14.3billion

The Senate has directed the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah and acting Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Engineer Terhemba Nongo to return alleged diverted N14.3 billion from 2017 NEPZA budget into the National treasury.

The upper legislative chamber in a letter written to that effect by Chairman of its Committee on Trade and Investment, Senator Mohammed Nakudu Sabo (APC Jigawa South West), warned the Minister and NEPZA boss to either comply with the directive or be ready to face serious legislative action against them.

The dissatisfaction of the committee as explained by Senator Sabo in Abuja Monday was as a result of the alleged fraudulent way the diverted N14.3billion was hurriedly transfered from NEPZA account into a private company called Nigerian Special Economic Zone Company Account between April 8, to10 with disregard to earlier warnings.

The alleged diverted fund, according to the Chairman, was first warehoused in NEPZA account with the CBN from 2017 budget allocations before it was moved into the private company account about two weeks ago.

“To prevent this fraud, my committee wrote a letter to the CBN Governor, Godwin Emefiele on the 8th of this month not to release the money but very annoyingly, the money is confirmed to have been released and transfered by NEPZA in collaboration with the Minister into a private company account.

“This is unacceptable and will not be condoned, hence the need for the money to be returned into national treasury,” he said.





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