An ad-hoc committee set up by the Senate for an investigation on the disbursement of development funds to 36 states of the federation since 2017, has summoned the Minister of Finance, Zainab Ahmed; the Governor of the Central Bank of Nigeria, Godwin Emefiele, and others, to appear before it.
Others are the Managing Directors of the Development Bank of Nigeria, Bank of Industry, Bank of Agriculture and Director General of Small and Medium Enterprises Development Agency, for explanations on criteria used for disbursement of the fund within the last five years.
The Senate had on the strength of a motion moved by Senator Ali Ndume (APC Borno South) last Wednesday on the alleged uneven disbursement of development funds to states by the Development Bank of Nigeria, set up a seven- man ad-hoc committee to probe the allegation.
