Nigeria’s House of Representatives on Tuesday, dispelled the allegations of misappropriation of 100 billion naira by the management of the North-East Development Commission, NEDC.
This followed a presentation of the report of it’s committee on finance, chaired by James Faleke.
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The report claimed that the allegations are unfounded and misrepresentation of facts, insisting that no corrupt practices existed in the NEDC.
The media was awash with the allegations of how the Managing Director and his associates diverted funds meant for the Commission to purchase choice properties in highbrow neighborhoods of Abuja, Kaduna, and Maiduguri to the detriment of the suffering refugees and infrastructural development.
The lawmakers in July 2020 began an investigation into the allegations of financial recklessness, high-handedness, and misappropriation by the Minister of Humanitarian Affairs and the Managing Director of the NEDC, an allegation that has now being dismissed by the lawmakers.
Edited by Tunde Orebiyi
