General
N1.2 Billion Is Missing In Railway Corporation – Reps
The chairman of the House of Representatives Committee on Public Accounts, Hon. Wole Oke, has revealed that the management of the Nigerian Railway Corporation (NRC) failed to defend the allegation of N1.2bn missing from the coffers of the corporation.
The committee had rejected the presentations of the NRC management by Mrs O. Osunmade and Alhaji A. Niyi when they appeared before it.
This was necessitated by an audit query raised by the Office of the Accountant-General of the Federation for the 2013 and 2014 financial years.
Oke said: “We’ll have to step down their matter for misrepresentation of facts, consequently; a subcommittee will be set up to look into the financial books and the activities of the corporation for accountability.”
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