…Summons VON DG to Appear Before PAC Over N400 Million Audit Query The House of Representatives Public Accounts Committee (PAC) has directed the Federal Character Commission (FCC) to refund the sum of N88.4 million to the Federation Account, following unresolved audit queries raised by the Office of the Auditor-General for the Federation. The resolution was […]
The House of Representatives Public Accounts Committee (PAC) has directed OML18 Resources Limited, formerly Sahara Field Production Ltd, to remit $4,020,000 to the Federation Account within five days. The directive was issued during the Committee’s hearing on Wednesday, as part of its ongoing investigation into outstanding debts owed by oil companies to the Federation Account. […]
…N11.1m training fund paid without tax deductions also flagged The House of Representatives Public Accounts Committee has directed the Federal Ministry of Transportation to recover and remit N33,563,469.10 to the federal government treasury after it was discovered that the funds were spent on unauthorized foreign travel. The directive was issued on Monday during the committee’s […]
The Chairman of the House of Representatives Public Accounts Committee, Representative Bamidele Salam, has extended heartfelt congratulations to Oba Akeem Owoade, the newly enthroned 46th Aláàfin of Oyo. In a statement posted on his official Facebook account on Sunday, Rep. Salam, who is also representing Ede North, Ede South, Egbedore, and Ejigbo Federal Constituency in […]
Recoveries now exceed ₦50 billion Speaker Abbas’ commitment to effective legislative oversight credited for success The House of Representatives Public Accounts Committee (PAC) has successfully recovered an additional $14.2 million (N21.4 billion) from four oil and gas companies as part of its ongoing investigation into financial discrepancies in the sector. This latest recovery follows an […]
