The Public Accounts Committee, PAC of the House of Representatives on Wednesday rejected the submission of the Nigerian Investment Promotion Commission, NIPC on matters of auditing the office of the Auditor General of the Federation on the audited financial statements for the period covering 2020 – 21 years.
The committee chaired by Hon. Busayo Woke Oke (PDP-Osun), while rejecting the submission, said that the supporting documents were not signed or authenticated by any authority, which made the submission invalid in the eyes of the law.
Therefore, the Committee withdrew all its questions and asked its new Executive Secretary, Saratu Umàr, to come back with the submission to allow him to familiarize himself with it and to return to defend it on Wednesday next week.
The Commission’s Finance Director, Akwada James, had stunned the committee members while defending the bid saying he was at a loss when preparing the bid and did not know how to explain item by item. in the motions as required by the Committee.
At this point, committee member after committee pointed out several flaws in the submission that they said looked like a forged document that would not stand up to the text of time before the law.
Speaking, the chairman of the committee, Hon Oke, said: “Madam Executive Secretary, it is agreed that you have just arrived at the office, but if today one of the debtors of the Commission comes to pay a debit of 1 billion naira, are you going to take the money as the chief executive of the commission or not?”
The boss of the NIPC replied in the affirmative, that she would be happy to receive the payment quickly
In his response, the Chairman of the Committee then replied: “Well, if your answer is yes, this Committee will allow you to go back and go through your brief, familiarize yourself with the content and the relevant supporting documents and come back to defend even before this committee, we practice the principle of fair hearing here, we are not here to ambush or harass any individual or organization.
The Committee also criticized the Commission’s claim that its line minister had given it permission to spend its more than $1 billion in internally generated revenue, IGR I, describing it as illegal and unacceptable.