We were cleared of N2.5bn fund misappropriation charge – CRFFN secretary

tina anthony 1 year ago Foreign Exchange

A member of the House of Representatives, Prestige Ossy, had in June, raised allegation of fraudulent activities against the council.

Ossy, representing Aba North/South, Abia State in the House of Representatives, urged the Committee on Ports, Harbours and Waterways, to investigate all the alleged financial and administrative infractions, saying that the sum of N3.94bn was approved for both Capital and Recurrent Expenditures for CRFFN in the Appropriation Act 2017.

According to him, N3.65bn was for capital expenditure, N293m was for recurrent expenditure.

He said,”The sum of N2, 725,000,000 was released and disbursed to CRFFN as capital expenditure, out of which the sum of N2,414,636,805.66 is alleged to have been spent.

“Why was the sum of N2.5bn paid to contractors prior to the execution of the projects in breach of extant financial laws and regulations?

“Also, why was five per cent of N836, 458,385.28 which was approved for the construction of 61 outpost offices paid to the beneficiary companies as Value Added Tax instead of Federal Inland Revenue Service? Similarly, 33 contracts were awarded under the guise of ‘construction/provision of buildings’ at the sum of N418, 113,198.56 and five of this sum were paid as VAT to the beneficiary companies”

The National Assembly member also accused Jukwe of being involved in diversion of N35 million and renting his personal apartment to the council as an office.

Responding to fresh media report on the case, Jukwe told our correspondent in a phone-in interview, “We have been cleared of the allegation. An investigation was conducted and we were found not culpable. It is an old issue. It was a case of misrepresentation of figures.”

Credit: theeditor@punchng.com

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