• Contact Us
  • About Us
Friday, September 4, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Reps probe N1.4bn loan by employment directorate

metro by metro
July 19, 2017
in News
0
0
SHARES
0
VIEWS
The House of Representatives’ Public Accounts Committee has set up a six man panel to further investigate an alleged disbursement of N1.47 billion loan to unspecified beneficiaries by the Nigeria Directorate of Employment (NDE).
The resolution followed the consideration of a query by the Office of the Auditor General of the Federation in 2011, requesting NDE to give account of how the N1.47 billion was disbursed to some Nigerians under its skill acquisition scheme, since inception.
The Sub-Committee headed by the Committee Deputy Chairman, Rep. Ibrahim Baba and which has Reps. Legor Idagbor, Lawal Shuaibu, Sunday Adepoju, Olusegun Kehinde and Daniel Kolawole as members is to investigate the loan disbursement and establish particulars of alleged beneficiaries.
The Office of the Auditor-General of the Federation had in the query expressed dissatisfaction that of the N1.4 billion disbursed, only N289.9 million was recovered so far, leaving an outstanding of N1.18 billion with the agency’s leadership unable to account for the whereabouts of the balance.
In response to a directive issued by the Public Accounts Committee on July 10, 2017, the Director-General of NDE, Mr Nasiru Mohammed furnished it with list of the beneficiaries and amount granted to each of them.
Others are copies of loan agreement and report of recoveries made from 1987 to 2010 and the copies of the audited accounts of the agency from 1997 to 2015.
He, however, told the lawmakers that the loan was disbursed by previous administrations of the agency.
However, while setting up the panel, Chairman, Public Accounts Committee, Rep. Kingsley Chinda (Rivers-PDP) urged the NDE to cooperate with the sub-committee in carrying out the task.
Chinda said: “Considering the fact that we will want to do a detailed work on the NDE query, we therefore ask the members to consider the query for NDE in 2011 paragraph 9.14 A to H”.
The aforementioned portions directly deal with misgivings and the need for explanatory notes accompanying the responses provided by the DG who said he was recently appointed to head the agency.

Read Also

US Judge Blocks Trump’s Newest Order Limiting Birthright Citizenship

ADC Inaugurates Peace Committee Ahead Of 2027 Polls

Uber To Lay Off 3,000 Staff In Global Restructuring Amid Nigeria, Uganda Exit

Tags: employment directorate
Previous Post

This country is one of the greatest in the world, there is no question about that, says Osinbajo

Next Post

“We will not relent,” says AG. president, order fresh security reinforcement after recent killings

Related Posts

Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
News

US Judge Blocks Trump’s Newest Order Limiting Birthright Citizenship

September 3, 2026
Appeal Court Upholds Order Stopping INEC From Recognising ADC State Congresses
News

ADC Inaugurates Peace Committee Ahead Of 2027 Polls

September 3, 2026
Uber To Lay Off 3,000 Staff In Global Restructuring Amid Nigeria, Uganda Exit
News

Uber To Lay Off 3,000 Staff In Global Restructuring Amid Nigeria, Uganda Exit

September 2, 2026
110 Associations Apply For Registration As Political Parties In Nigeria
News

2027 Polls: AI Disinformation Threatens Election Credibility, INEC Warns

September 2, 2026
Next Post
Yemi Osinbajo

"We will not relent," says AG. president, order fresh security reinforcement after recent killings

CPMZ launches major expansion of strategic Southern African fuel corridor

September 3, 2026
Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill

Queiroz Re-appointed Ghana Coach Two Months After Stepping Down

September 3, 2026
UNICEF Estimates 20 Million Children Suffered Online Sexual Abuse In One Year

UNICEF Estimates 20 Million Children Suffered Online Sexual Abuse In One Year

September 3, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version