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Reps give Accountant General 48hrs to account for ‘missing’ €5M recovered looted funds

The House of Representatives has given the Accountant General of the Federation, Ahmed Idris, 48 hours to reconcile discrepancies in his records on recovered looted funds.

Idris, who reappeared before the ad hoc House of Representatives committee investigating the status of recovered looted funds on Tuesday, could not reconcile the discrepancies between his records and official bank statement obtained from the Central Bank of Nigeria (CBN).

Notably, there was a discordance of about €5 million that the Accountant General was unable to clarify.

Hence, a motion was moved by the lawmakers for Idris to be summoned since “€5 million cannot disappear anyhow”.

Honorable Edun Oladipo (APC Ogun), who moved the motion for the AGF to be summoned, said, “Looking at the presentation of the accountant general today viz a viz the request of this committee before him that he should give us adequate records of recovered, expended with the notion of records emanating from his office — £5m not being included — I like to move that the accountant general is concealing information from this committee and therefore should cause him to appear before the whole house of representatives.”

However, another lawmaker, Wole Oke (PDP Osun) urged the House to give Idris more time to reconcile his records.

He said, “Records don’t lie, £5m cannot disappear anyhow, we can trace. Why don’t we give the accountant general an opportunity to update his record.”