Reps probe Industrial Training Fund over N3bn missing

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The House of Representatives on Monday gave the Industrial Training Fund (ITF) a 48-hour deadline to explain missing monies totaling up to N3 billion.

When the agency was unable to explain how the monies were used, the Chairman of the Committee on Finance, James Faleke, issued the finding during the extended hearing on the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Similarly, the committee directed the Nigerian Electricity Regulatory Commission to explain within 72 hours why a company was licensed to provide metres.

The company is said to have received N39 billion from the Ministry of Power but still did not provide the metres.

The committee is concerned that a company which seemingly lacks the capacity to execute the project was licensed.

It also directed the Nigerian Communications Commission (NCC) to explain how it spent N291 billion in 2022 on broadband across the country as the committee questioned it on details of the provision of broadband services after the NCC said the services were provided to airports and markets.