Senate has frowned at the
misappropriation of World Bank loans by some state governors across the
federation.
Speaking after the leadership of
the Senate met with the World Bank team behind closed doors, Senate leader,
Ahmed Lawan explained that though the Upper Chamber played limited role in
granting loans, it had monitoring responsibilities.
“At the Senate, we kick against
non utilization, accountability and misappropriation of foreign loans by the
State Governors.
“Though we participate in a
limited way in granting states loans from international agencies, including the
world Bank, but our supervisory role is not in doubt.
“It is the duty of the state
legislators to oversee such funds and their utilization; the National Assembly
only give honest advice.
“We met with the World Bank on
the best approach to granting loans to state governments and to ensure that
there is fiscal discipline and success in utilization of such funds,” he said
He further explained that it was
the Federal government that guarantee certain loans to States, while the
National Assembly scrutinises the programmes and projects.
Lawan said, the Senate leadership
has suggested to world Bank to ensure some State Assembly Committees were
supported to enable them do their work.
“Some of the suggestions are very
simple and clear but there some important suggestions like ensuring that some
committees at the state legislature like appropriations committee, public
accounts committee and finance are given some kind of support by the World Bank
to ensure that they have the capacity to scrutinize and oversight the
utilization of such funds”
He added that State Auditors-General
and Commissioners for Finance should be positioned to report deeply on those
projects at each State level.
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