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Senate Summons Zainab Ahmed, Accountant-General Over N7.5bn ‘Secret’ Withdrawal

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Meanwhile, finance minister Zainab Ahmed and Accountant General of the Federation, Ahmed Idris, have another hot potato on their hands.

They have both been summoned by the senate over alleged secret withdrawal of seven and a half billion naira from the two percent national automotive council levy account that is operated at the central bank.

Senate committee on public accounts is charging that three point eight billion naira was withdrawn in two instalments in 2005 and 2006 respectively, and that another three point seven billion naira was taken between march and December 2000 in three separate instalments.

This information came to light in the report of the auditor-general of the federation and is being considered by the senate committee.

Director-general of the National Automotive Design and Development Council, Jelani Aliyu, has told the senate committee the withdrawals were made without his agency’s knowledge.  He said his agency has been pursuing a refund of the money in letters to the accountant general of the federation and the ministry of finance.

The senate committee is angered by what it calls “irregular withdrawal” of the seven and a half billion naira in several tranches and is demanding the repayment of what it says was a “fictitious loan” for which no records were available on the beneficiaries.  It also says no information has been made available on agreement documents, moratorium, duration of the loan, the accruable yearly interest rates and how the fund would be repaid by the beneficiary.

Nigerian News

Power Restored To National Grid After System Collapse

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Ghanaians Blames Power Firm For Nationwide Blackout

The Transmission Company of Nigeria says power has been restored to national grid after a system collapse left most of the nation in the dark on Wednesday.

The company said on Thursday electricity has been restored across the entire grid through which distribution companies offtake electricity they deliver to consumers nationwide.

TCN’s public affairs general manager Ndidi Mbah, says experts were already making efforts to fully restore electricity on the grid.

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Army Denies Boko Haram’s Eid Donations Report

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The Nigerian Army has denied reports that Boko Haram insurgents distributed Eid donations to communities in the northern states of Borno and Yobe.

Reports alleged the terrorist group had donated food and money to residents in attempts to woo them to support its activities.

The army says the reports were “propaganda,” and that it had conducted investigations and established the reports were untrue.

The army said in a statement “our team of eagle-eyed analysts went further to critically examine the pictures attached to this malicious publication and discovered that they were simply stage-managed in a typical terrorists-styled propaganda.

Nigeria continues to experience a wave of insecurity occasioned by attacks and kidnappings carried out by Boko Haram militants.

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Nigeria Seeks To Tap Into Digital Economy

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Nigeria Seeks To Tap Into Digital Economy

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