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Reps seek explanation from ITF over missing N3b

Nigeria’s House of Representatives in session. | Photo: Google

.Query Nigerian Electricity Regulatory Commission over use of firm to provide meters

The House of Representatives has ordered the management of the Industrial Training Fund (ITF) to explain, within 48 hours to explain, the whereabouts of the institute’s missing N3 billion.

The Chairman of the House Committee on Finance, James Faleke, gave the order on Monday during the hearing on the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) when the agency was unable to explain how the funds were utilised.

Similarly, the committee directed the Nigerian Electricity Regulatory Commission to explain, within 72 hours, why a company was licensed to provide metres.

The company, according to Channelstv, was said to have received N39 billion from the Ministry of Power but did not provide the metres.

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Besides, the committee lamented that a company that lacked the capacity to execute the project was licensed.

It also directed the Nigerian Communications Commission (NCC) to explain how it spent N291 billion in 2022 on broadband across the country as the committee questioned it on details of the provision of broadband services after the NCC said the services were provided to airports and markets.

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