Give Account Of N10bn Spent On Firms Registration [Video]

The House of Representatives has urged the Bureau for Public Enterprise, BPE, to account for about N10 billion allegedly used to register two companies for the Nigeria Postal Service, NIPOST.

NAN reports that the Chairman, House Committee on Public Accounts, Bamidele Salam, made the call in Abuja at the resumed investigative hearing of the committee.

“No reasonable Nigerian will believe that N10.4 billion was spent to register the two companies.

”These companies eventually folded up one year after takeoff,” he said.

He also said the companies, NIPOST Transport and Logistics Ltd., and NIPOST Property reportedly took off in May 2023 and folded up through a Presidential directive in May 2024.B

The BPE Head of Finance and Accounts who stood in for the Director-General of the Agency, Mr Imam Rilwan, told the committee that the said amount of N10 million was given to the two companies for their take-off.

He said that about …