REPS LAUNCH PROBE INTO MDAs’ TAKE-OFF GRANTS, BAILOUT FUNDS
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The House of Representatives on Thursday constituted a special committee to investigate the utilisation of take-off grants, bailout funds, and interventions allocated to Ministries, Departments and Agencies as well as government-owned enterprises from 2015 to date.
The resolution of the House was a sequel to the adoption of a motion of urgent public importance sponsored by the House Minority Leader, Mr Kinglsey Chinda, during Thursday’s plenary.
Speaking on the motion, Chinda, who represents Obio/Akpor Federal Constituency, Rivers State noted that Section 88 (2) (b) of the Constitution of the Federal Republic of Nigeria empowers the House to expose corruption, inefficiency or wastage in the management of public funds appropriated by the National Assembly.
He also noted that the effective utilisation of public funds is paramount to fostering accountability, transparency, and trust in the MDAs and government-owned institutions.
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He said, “Over the years, the government has allocated take-off grants/ intervention funds to existing and newly established agencies and institutions to support their foundational operations, as well as bailout funds to various agencies designed to facilitate specific services and settle outstanding liabilities.
“The House is worried that persistent allegations of the diversion and mismanagement of these funds, as well as the potential failure to utilise them for their intended purposes, undermines the effectiveness of vital public services and projects.
“We are concerned that the significant financial losses resulting from the mismanagement of these funds represent a substantial drain on public resources that could have been used for essential services and national development in line with Section 14(2)(b) of the Constitution.”
He also claimed that the misuse of take-off grants, bailout funds, and other interventions “has severely compromised national development goals, hindering progress towards critical social and economic objectives.”
He continued, “The House is aware that the misappropriation of these funds has led to a demonstrable deterioration in the quality of public services delivery and compromised the security of the nation thereby undermining public trust in government effectiveness.
“The lack of stringent oversight and monitoring mechanisms may contribute to the inefficiency in the deployment of these resources, resulting in wasted funds that could otherwise be utilised to improve the good intended government policies and as well protect lives of citizens.”
Following the adoption of the motion, the House constituted a Special Committee headed by Emeka Chinedu (PDP, Imo) to “Conduct an immediate investigation into the utilisation of take-off grants, bailout funds, and interventions allocated to MDAs, government institutions, and GOEs from 2015 to present.”
The Committee was also mandated to assess compliance with existing regulations and guidelines regarding the management and reporting of the funds, including any instances of diversion or misappropriation.
The House further charged the Committee to “make recommendations for the enhancement of regulatory frameworks, sanctions, monitoring systems, and accountability measures to ensure the effective and intended use of public funds in all relevant sectors.”
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