The Chairman, Senate Committee on Public
Accounts, Senator Mathew Urhoghide, on Thursday invited the Minister of
Finance, Mrs. Kemi Adeosun, to appear before it to explain how the $600 million
Euro bond sourced from the Chinese Government was used.
The upper chamber said $600
million loan received to revive the power sector was allegedly diverted by the
Federal Government to remodel four airports in the country.
It noted that there was $600
million Euro bond from the Chinese Government for the rehabilitation of the
power sector, out of which $100 million was allegedly diverted as counterpart
funding for the remodeling of Lagos, Abuja, Kano and Port Harcourt Airports.
He issued the summon at the
meeting of the committee on Thursday.
Urhoghide, (Edo South), said the
Minister of Transportation, Rotimi Amaechi and the Director- General of Debt
Management Office (DMO), Mrs. Patience Oniha, would also appear before the
committee on the matter.
Urhoghide, who spoke when the
Permanent Secretary, Ministry of Transportation, Sabiu Zakari, appeared before
his committee, said those invited should appear before the committee next week
to explain the rationale behind the movement of such loans from its original
purpose to another.
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