Insurgency: Reps probe N28 billion Bama Initiative Fund



The House of Representatives has set up an ad-hoc committee to probe N28 billion Bama Initiative fund, with Edward Pwajok as committee chair.

Th is followed a motion of urgent public importance sponsored by Mohammed Abdu entitled; “Need to stop the implementation of the Bama Initiative, BI by nonstatutory committees and remit same to Presidential committee on North East Initiative, PCNI for proper mandatory execution”.

While moving the motion, the lawmaker raised the alarm over,” plethora of complaints and rumblings in the main and social media regarding the alleged intended abnormal movement of appropriated North-east Intervention Fund meant to be domiciled and utilised by the Presidential committee on North East Initiative, PCNI and that of consolidated pool account domiciled in the offi ce of Accountant General of the Federation “.

According to him, “Th e Bama Initiative as conceived is not meant to be handled by the statutory PCNI but by no statutory special committee fl oating between the Ministry of Budget and National planning and the presidency.

“Th e N28 billion (N18.0billion from PCNI account and N10.

0 billion from consolidated pool account) are not being moved through proper and approved regulated fi nancial fl ow systems of the government (supplementary budget, vehement and direct capital releases)”.

He however said, “if the movement of funds is allowed to go through, it will lead to serious breaches of the constitution, the appropriation act and the fi nancial regulation and extant rules of the services of the country.

” Th e committee is expected to report back to the House within two weeks for further legislative input.
 

 

 

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