Movement without motion: N’ Assembly’s many probes without tangible results

FILE: Speaker, House of Reps, Mr. Femi Gbajabiamila and Senate President, Ahmad Ibrahim Lawan

Close watchers of the probes have stated that leakages in the system can be stopped if only the legislature have been carrying out its oversight duties effectively by nipping the corrupt activities in the bud. The committee was mandated by the House to probe the withdrawal of N33bn by PenCom from a Central Bank of Nigeria account, the alleged non-remittance of funds to Pension Fund Custodians and administrators, among others.

Another major probe by the 8th Senate, which was inconclusive, was by an ad hoc committee, which investigated the local content elements and cost variations of the $16bn Egina Offshore Oil Project. For instance, the House has begun one of the biggest investigations in terms of monetary value, to probe the Petroleum Products Pricing Regulatory Agency for allegedly failing to remit revenue totalling N1.343tn to the Federal Government’s coffers.

On December 17, 2019, the House started the probe of the Nigerian Social Insurance Trust Fund over alleged illegal expenditure, especially the about N2.3bn spent on staff training without approval. The contract was said to worth $214,830,000, including $195,300,000 for the actual contract and an additional $19,530,000 that NIMASA agreed to pay to HLSI for ‘Management Training Consideration.’

On October 25, 2019, the House queried the abandonment of the contract awarded for the installation of closed-circuit television cameras in the Federal Capital Territory, Abuja, for which $460m loan obtained was obtained from the China-EXIM Bank. In 2020 alone, the House is carrying out various probes. Prominent among them is that of the NDDC, especially its Interim Management Committee, over alleged illegal spending of N81.5bn.There is also the N613bn allegedly not accounted for by the Nigerian Correctional Service .

Earlier on March 19, 2020, the House had resolved to investigate the environmental hazards posed by a project of the Nigeria Liquefied Natural Gas Limited valued at $10bn. Also being probed by the House are funds donated by international organisations to finance projects in the agriculture sector, such as the FADAMA, amounting to over $1bn.

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