Breaking: Reps Demand Swift Update on Missing N3 Billion as ITF Faces 48-Hour Deadline

In the ongoing deliberations regarding the Medium-Term Expenditure Framework and the Fiscal Strategy Paper, the House of Representatives, during a session chaired by the Chairman of the Committee on Finance at the National Assembly Complex on Monday, issued a 48-hour ultimatum to the Industrial Training Fund. This ultimatum is aimed at eliciting an explanation regarding the whereabouts of N3 billion, as highlighted in the 2022 report by the Auditor General for the Federation.

During an interactive session with key figures from various Federal Government agencies, the Committee emphasized the necessity for transparency and accountability. Additionally, the Committee directed the Nigerian Communications Commission to provide an account of how the substantial sum of N291 billion allocated for broadband in 2022 was expended, particularly in light of persisting concerns about the suboptimal quality of services.

Further details on these developments will be provided as they emerge.


Ademola Adeyemi

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