es Authority , Engineer Terhemba Nongo to return alleged diverted N14.3 billion from 2017 NEPZA budget into the National treasury.
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. However, the Committee in a letter titled: ” Re: Transfer of N14.3billion from NEPZA Account to Nigeria Special Economic Zone Company” and addressed to the Minister said: Pursuant to section 80 and of the constitution of the Federal Republic of Nigeria 1999 as amended and Financial Regulation sections 313 and 314 and Senate Standing Order 98, 14 of 2015 as amended, we hereby write to you on the above matter.
“The available information to the committee shows that the said money is in the account of the Nigerian Special Economic Zone Company Account unappropriated for. It would be recalled that NEPZA MD had on April 11, in a budget defence session with the committee declared that warehousing of the N14.3 billion was not done fraudulently but in line with the Country’s Industrial Revolution Plan and approval of a memo submitted to that effect by the Hon. Minister of Industry, Trade and Investment, Okechukwu Enelamah in June 2018.