The Kaduna State House of Assembly Adhoc committee has recommended that the Kaduna Internal Revenue Service withdraw the IGR account at Zenith Bank used as security for a ₦20 billion guarantee in 2023. The committee also recommends seeking a refund of all deducted monies with interest. This move comes after a thorough investigation into the state’s finances.
The committee’s chairman, Henry Nagaji, revealed that the account was used as collateral for a loan obtained in 2023. The committee’s recommendation aims to recover the deducted monies and put an end to the state’s financial obligations tied to the account.
The Kaduna State House of Assembly Adhoc committee: Misuse of Loans and Ignoring Due Process
Kaduna State House of Assembly Adhoc committee reported that many loans obtained during former Governor Nasiru El-Rufai’s tenure were misused, and due process was often ignored. The committee’s investigation revealed a lack of transparency and accountability in the state’s financial dealings. This led to the recommendation to refer all Commissioners of Finance from May 29, 2015, to May 29, 2023, to law enforcement agencies for investigation.
The committee’s findings highlight the need for improved financial management and accountability in the state government. By addressing these issues, the state can ensure better utilization of resources and promote transparency in governance.
The Kaduna State House of Assembly Adhoc committee: Kaduna State’s Financial Management Under Scrutiny
The Kaduna State House of Assembly Adhoc committee’s investigation has brought to light concerns about the state’s financial management. The committee’s recommendations aim to address these concerns and promote transparency and accountability in the state’s financial dealings.
By scrutinizing the state’s finances, the committee hopes to identify areas for improvement and ensure that resources are utilized effectively. This move is expected to have a positive impact on the state’s development and governance.
The Kaduna State House of Assembly Adhoc committee: Recovering Deducted Monies with Interest
The committee’s recommendation to seek a refund of all deducted monies with interest aims to recover funds that were improperly used. By recovering these monies, the state can redirect them towards development projects and improve the lives of citizens.
The inclusion of interest in the refund request is significant, as it acknowledges the value of the misused funds and seeks to compensate for the loss. This move demonstrates the committee’s commitment to ensuring accountability and transparency in the state’s finances.
The Kaduna State House of Assembly Adhoc committee: Referring Commissioners to Law Enforcement Agencies
The Adhoc committee’s recommendation to refer all Commissioners of Finance from May 29, 2015, to May 29, 2023, to law enforcement agencies for investigation is a significant step towards promoting accountability. This move acknowledges the need for further investigation and potential legal action against those responsible for financial mismanagement.
By referring the commissioners to law enforcement agencies, the committee hopes to ensure that those responsible for financial misconduct are held accountable. This move is expected to serve as a deterrent against future financial mismanagement.
The Kaduna State House of Assembly Adhoc committee: Promoting Transparency and Accountability in Governance
The Kaduna State House of Assembly Adhoc committee’s recommendations aim to promote transparency and accountability in governance. By addressing financial mismanagement and promoting accountability, the state can ensure better utilization of resources and improve the lives of citizens.
The committee’s efforts demonstrate the importance of oversight in governance. By scrutinizing the state’s finances and promoting transparency, the committee hopes to create a more accountable and responsive government.
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