Reps c’ttee summons finance minister, AGF over N75bn debt

The House of Representatives summoned Nigeria's Minister of Finance, Taiwo Oyedele, and Accountant-General of the Federation, Shamseldeen Ogunjimi, over the government's reported borrowing of N75 billion from the Universal Basic Education Commission (UBEC). The Public Accounts Committee demanded a repayment schedule and assurances that the funds would be returned.

This action followed concerns over the withdrawal and borrowing of funds from government agencies without clear repayment arrangements or prior notification. At a hearing, the committee emphasized that public funds should not be taken from one institution to meet another's obligations without clear terms. The lawmakers expressed worry that the diversion of funds meant for basic education could negatively impact UBEC's interventions nationwide.