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Senate orders minister, agency to return N14.3b to treasury | The Guardian Nigeria News - Nigeria and World News

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Senate orders Minister of Industry, Trade and Investment Okechukwu Enelamah and the acting MD of NEPZA Terhemba Nongo to return ₦14.3b of the agency’s 2017 budget votes to the treasury or risk “serious legislative action.” Nigeria

•Warehousing of fund followed due process, NEPZA boss insists

The anger of the panel, according to Sabo, who briefed reporters yesterday in Abuja, followed the alleged questionable manner the fund was “hurriedly transferred from NEPZA account into that of a private company called Nigerian Special Economic Zone Company between eighth and 10th of this month despite earlier warnings.”

“This is unacceptable and will not be condoned, hence the need for the money to be returned to the national treasury.” “That the transferred money must be returned to the treasury within one week from the date of receipt of this letter.

 

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