Reps grill NRC over ₦12.91bn audit queries, threaten sanctions
The House of Reps Public Accounts Committee has grilled the Nigerian Railway Corporation over ₦12.91bn in financial discrepancies from the Auditor-General’ Read More: https://punchng.com/reps-grill-nrc-over-%e2%82%a612-91bn-audit-queries-threaten-sanctions/
The House of Representatives Public Accounts Committee has grilled officials of the Nigerian Railway Corporation (NRC) over unresolved financial discrepancies involving approximately ₦12.91bn. The committee, chaired by its Deputy Chairman Jeremiah Umaru, scrutinised the Corporation's handling of public funds following the examination of audit queries contained in the 2023 Auditor-General for the Federation's report.
The committee expressed dissatisfaction with some of the explanations and supporting documents presented by the NRC and set up reconciliation committees to establish the actual financial position of the Corporation. They also requested additional documents to determine the extent of the alleged financial infractions and outstanding liabilities, where applicable.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
