House of Reps to investigate CBN, Finance ministry, First Bank


The House of Representatives has mandated its Committee on Public Procurement to investigate allegations of gross statutory breaches.

Specifically, the House on Tuesday asked the committee to investigate allegations of violation of the Public Procurement Act by the Central Bank of Nigeria, the Ministry of Finance and First Bank Nigeria limited, over a grant to Oyo State to procure agricultural equipment.

The lawmakers described the act as undermining and sabotaging the intention of the Federal Government in making Nigeria fully self-sufficient in food production.

This came through a motion of urgent public importance.

In a similar development, the same committee has been tasked to investigate alleged violations of the Public Procurement Act and abuses of other public service rules and regulations by the University of Lagos.

The motion further notes that there are allegations against past and current management of the university, including the governing council.

The committee is expected to report back to the house within five working days.


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