The Senate has indicted the Bank of Agriculture in Kaduna over a N3.2bn loan disbursed to 10 vendors to purchase tractors and other equipment for allocation to end users.
The indictment was sequel to the 2016 report of the Auditor General of the Federation considered by the Senate Public Accounts Committee chaired by Senator Mathew Uhroghide.
After an investigation by the committee, the management of the bank was indicted for being unable to account for N3.2bn disbursed to 10 vendors out of the N3.6bn provided in 2015 by the Federal Government through the bank. The Senate after the adoption of the report of the committee demanded the recovery of N3.2bn loan from the 10 unnamed vendors.
The query reads, “The sum of N3,200,592,007.00 was disbursed out of N3,600,000,000.00 provided between 24th March 2015 and 17th November 2015, by the Federal Government through the bank to 10 vendors selected by the Ministry of Agriculture to purchase tractors and other equipment for allocation to end users.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate Indicts Bank Of Agriculture Over N3.2bn LoanSenate has indicted the Bank of Agriculture in Kaduna over N3.2 billion loan disbursed to 10 vendors to purchase tractors and other equipment for allocation
Read more »
Senate demands refund of N3.2bn tractor loan from BoAThe Senate has indicted the Bank of Agriculture in Kaduna over a N3.2bn loan disbursed to 10 vendors to purchase tractors and other equipment for allocation to end users.
Read more »
Govs back Niger lawmaker for Deputy Senate PresidentGovernors Yahaya Bello of Kogi State and Abdulrahman Abdulrazaq of Kwara State have thrown their weight behind Senator Sani Musa for the seat of Deputy Senate President in the 10th National Assembly.
Read more »
Olisa Eze Drums Support For Orji Kalu As Senate PresidentThe chairman Of Berlus Group, Prince Olisa Eze, has expressed support for the South East as president of the 10th National Assembly, saying the current Chief
Read more »
‘He’s most suitable’ — north-west group backs Yari for senate presidency | TheCableThe North-west Progressives Forum (NPF) has declared support for the senate presidency bid of Abdulaziz Yari. Speaking at a media conference on Saturday in Kaduna, Nasir Danbatta, convener of the
Read more »
Zone Senate Presidency To North-West - Group Urges TinubuThe Northwest Progressives Forum (NPF) has cautioned President-elect Asiwaju Bola Ahmed Tinubu and the ruling All Progressives Congress (APC) to beware of any
Read more »