House Probes Alleged Misappropriation of N100bn at North East Development Commission
The House of Representatives has ordered an investigation into the alleged misappropriation of N100 billion at the North East Development Commission .
Elumelu said the commission was established with the aim of coordinating funds accruing from the Federation Account and donor agencies for the purposes of rehabilitating and resettling of victims of insurgency, reconstruction of homes, infrastructural development and tackling of illiteracy in the North-eastern part of the country.
He said: “The N100 billion so far disbursed to the commission by the federal government is said to have vanished under a year without any visible impact on the refugees nor any infrastructural development credited to the name of the commission in the whole of the North-east. Elumelu noted that though the managing director singlehandedly procured all coronavirus materials and supplies to the tune of N5 billion without an approval from the board, there is said to be another alleged massive corruption scheme on the verge of being implemented in the name of ‘housing scheme in Maiduguri’ without the board’s knowledge.
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