House of Reps Uncover Unclaimed Funds in Banks

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The House of Representatives ad hoc committee has uncovered over N300 billion unclaimed funds in banks.

Chairman of the committee, Uyime Idem, said the amount represented a fraction of unclaimed funds in Nigerian commercial banks.

Idem added that the money could be described as hanging funds emanating from failed transactions by government agencies and banks.

Written by: Helen Obih

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Senate Summons Akpabio Over Non Payment of Funds to Contractors

The Senate’s Committee on Ethics, Privileges and Public Petitions has summoned the Minister of Niger Delta Affairs, Godswill Akpabio, and the Sole Administrator of Niger Delta Development Commission, Effiong Akwa, over non-payment of N2.2bn to contractors. Chairman of the committee, Ayo Akinyelure, stated that Akpabio and Akwa must appear before the panel unfailingly on April 12, 2022. The committee said it was acting on petitions filed by the Survey Services […]

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