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Reps demand framework for N500bn Social Intervention Fund, mandate committees to probe Manitoba contract

By News Express on 17/06/2016

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The House of Representatives demanded framework and details of 500 billion naira social intervention fund on Thursday in Abuja.

The legislators had directed a joint committee to ensure that the Senior Special Assistant to the Vice President on Social Protection Programmes makes available the framework.

The motion resulted to a heated debate among lawmakers.

While some members supported the bill and sought that the Federal Government stop further disbursements of the fund, other lawmakers however opposed calls for the programme to be stopped.

Meanwhile, in what is another probe into the power sector, the House of Representatives has mandated its Committees on Power and Public Procurement to investigate the alleged massive corrupt practices committed by Manitoba Hydro International Nigeria Limited.

The lawmakers made the resolve on Thursday after a representative of the Peoples Democratic Party from Nassarawa State, Honourable Gaza Jonathan, sponsored the motion at the Lower House of the National Assembly in Abuja.

The House alleged that the exchange rate being used by the management company since 2012 has been higher than the official and parallel market rates.

The legislators also noted that the management company had not met its key performance indicators under the management contract.

The House of Representatives directed the committees to report back in four weeks for further legislative works. (Channels TV)

•Pieced together from separate reports by Channels TV. Photo shows the House of Reps in session.

Source News Express

Posted 17/06/2016 04:28:04 AM

 

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