Senate panel queries SEDC over inability to account for over N4bn
Unable to provide a detailed account of the expenditure, the committee directed the SEDC managing director to return next Tuesday with comprehensive documentation showing how the funds had been utilised. The post Senate panel queries SEDC over inability to account for over N4bn appeared first on Premium Times Nigeria .
A Senate committee is investigating the State Economic Development Company (SEDC) due to concerns about its financial accountability. Specifically, the committee is questioning the company's management regarding the utilization of over N4 billion in funds. The SEDC's managing director has been instructed to present detailed documentation explaining how these funds were spent.
This inquiry is important as it addresses the responsible use of public funds and ensures transparency in government-affiliated organizations.
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