Senate tasks AGF to recover N76bn loan from INEC, Army, NSA, NYSC, others

The Senate has tasked the Accountant-General of the Federation (AGF) with recovering the sum of N76 billion from some agencies and pay it into the Special Funds Accounts of the Federation.

It also admonished the AGF against further withdrawals from the special funds account without the approval of the National Assembly.

The resolution of the Senate followed its consideration of the report of its Public Accounts Committee on the 2015 report of the Auditor-General for the Federation (AuGF) before embarking on its annual vacation.

The Chairman of the Committee, Senator Matthew Urhoghide, told the Senate that the amount was withdrawn as a loan from the Special Account and paid to some agencies in January 2015.

Some of the agencies said to have benefited from the amount include the Independent National Electoral Commission (INEC), the Nigerian Army, Office of National Security Adviser, National Youth Service Corps (NYSC), among others.

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