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COVID-19 funds: Reps grill BOI over unrecovered grants


The House of Representatives Public Accounts Committee has questioned the Bank of Industry (BOI) over the unrecovered micro, small and medium enterprises offtake grants from 19,538 Nigerians to address the COVID-19 health pandemic.

 

At the resumed hearing on the ongoing probe of the alleged mismanagement of the COVID-19 intervention funds by the Ministries' Departments and Agencies, the committee directed the management of the bank to provide it with relevant documents on all the disbursements.

 

The bank’s Managing Director, Mr OLASUPO OLUSI, who was represented by the Executive Director of Small and Medium Enterprises, OMAR SHEKARAU appeared before the committee.

 

He was quizzed over the COVID-19 fund managed by the bank on behalf of the Ministry of Trade and Industry and the National Export Promotion Council.

 

Following the interrogation, the committee unanimously resolved that the agency should submit relevant documents on all the disbursements without further delay.

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