Reps Set 48-Hour Deadline for ITF to Clarify Missing N3bn as Budget Hearing Continues
As part of its ongoing examination of the Medium-Term Expenditure Framework and the Fiscal Strategy Paper, the House of Representatives has issued a 48-hour ultimatum to the Industrial Training Fund (ITF) to account for the whereabouts of N3 billion, as revealed in the Auditor General for the Federation’s 2022 report.
The Chairman of the Committee on Finance, who presided over an interactive session involving heads of Federal Government agencies at the National Assembly Complex on Monday, urged the ITF to provide explanations within the stipulated time frame.
Additionally, the House directed the Nigerian Communications Commission (NCC) to elucidate the utilization of N291 billion in 2022 for broadband initiatives nationwide, especially considering concerns about service standards not being met.
Further details are expected to be provided in subsequent updates.