Reps quiz DMO, TCN over N54.57tn borrowing, N446.7bn debt
The House of Reps Public Accounts Committee is set to question the DMO and TCN over an alleged N54.57tn excess borrowing and N446.7bn unrecovered debt. Read More: https://punchng.com/reps-quiz-dmo-tcn-over-n54-57tn-borrowing-n446-7bn-debt/
The House of Representatives Public Accounts Committee is set to question officials from the Debt Management Office (DMO) and the Transmission Company of Nigeria (TCN) over discrepancies in government borrowing and debt repayment, according to an invitation issued on September 29, 2026. The committee, chaired by Bamidele Salam, aims to ensure financial accountability among federal government institutions.
The DMO is expected to explain its alleged overborrowing of N54.57tn beyond approved limits in five fiscal years, while TCN will account for its failure to recover N446.70bn out of N882.75bn owed by public agencies. Both agencies are required to submit documents and attend hearings at the House of Representatives in the coming days.
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