Reps To Reopen Hearing On Alleged Diversion Of Funds By Finance Ministry

The House of Representatives Committee on Public Accounts has announced its readiness to reopen hearing on allegation of diversion of contract funds and non-remittance of taxes to Federation Account by Federal Ministry of Finance.

Chairman of the committee, Kingsley Chinda, who stated this yesterday in an interview, said the committee would be meeting with officials of the ministry to find out the veracity of the allegations as made by Office of the Auditor-General of the Federation.

Based on the financial activities of the ministry in 2010, the auditor-general’s office had queried the ministry for claiming to have spent N4.980 million for a seminar, which it never believed was held, and recommended that the amount should be refunded forthwith to the consolidated revenue fund.

The office further rebuked the ministry for failing to remit N6.252 million, which the ministry deducted as withholding taxes, out of payments it made to contractors for several jobs in 2010, but were not remitted to the Federal Inland Revenue Service (FIRS) as required by law.

The committee requested that the amount should also, within 30 days, be repaid and evidences of refund and remittances forwarded to the committee forthwith.

The revelations were among the four queries brought against the ministry by the office of the Auditor-General of the Federation in the ministry’s financial transactions in 2010.

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