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House of Reps questions ITF on missing N3bn

The House of Representatives on Monday issued a 48-hour ultimatum to the Industrial Training Fund (ITF) to explain the missing N3 billion.
byTayo Aderinola
14/11/2023
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The House of Representatives on Monday issued a 48-hour ultimatum to the Industrial Training Fund (ITF) to explain the missing N3 billion.

Rt. Hon James Abiodun Faleke, Chairman of the Finance Committee, announced this during the ongoing hearing on the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) after the agency couldn’t clarify fund utilisation.

Similarly, the committee granted the Nigerian Electricity Regulatory Commission 72 hours to account for why a licensed company, despite receiving N39 billion from the Ministry of Power, failed to supply meters.

The committee expressed concern about licensing a company that appears incapable of project execution.

Additionally, the Nigerian Communications Commission (NCC) was instructed to clarify how it spent N291 billion on nationwide broadband in 2022.

The committee sought specifics on broadband service provision, particularly questioning the NCC about services to airports and markets.

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