Provide update on missing N3billion within 48 hours, Reps tells ITF

House of Representatives Issues Ultimatum to ITF Over Missing N3 Billion, Seeks NCC Explanation on Broadband Spending

In its ongoing hearing on the Medium-Term Expenditure Framework and Fiscal Strategy Paper, the House of Representatives issued a 48-hour ultimatum on Monday, demanding the Industrial Training Fund (ITF) to account for the whereabouts of N3 billion, as revealed in the 2022 Auditor General for the Federation’s report.

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The Chairperson of the Committee on Finance, who presided over an interactive session with heads of various Federal Government agencies at the National Assembly Complex, directed the ITF to provide explanations within the stipulated time frame.

Additionally, the committee mandated the Nigerian Communications Commission (NCC) to clarify how it utilized N291 billion in 2022 for broadband expansion across the country, highlighting concerns about service standards not meeting expectations.

Further details on the matter are expected to be provided in subsequent updates.”