The House of Representatives’ Committee on Public Accounts, on Thursday, asked the Federal Ministry of Finance, Budget and National Planning to present evidence of approval for the over N17bn extra-budgetary spending from the Sovereign Wealth Fund SWF under its control between 2016 and 2019.
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The Chairman of the committee, Oluwole Oke, gave the directive at an investigative hearing following an audit query issued by the Office of the Auditor-General of the Federation against the ministry.
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The committee also demanded details of the expenditure, which it said was too heavy to be overlooked.
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