Home Business Public Accounts: Senate Panel to Probe N1.7tr Service Wide Votes

Public Accounts: Senate Panel to Probe N1.7tr Service Wide Votes

by Kunle Awosiyan

Senate panel on Public Accounts has declared its plan to investigate the utilization of over N1.7 trillion Service Wide Votes allocation in the 2017-2021 budgets disbursed to government agencies.

The committee Chairman, Senator Matthew Urhoghide who made the disclosure during it’s committee at the National Assembly said beneficiary government agencies must explain how they utilised the fund.

Service Wide Vote which is also known as the Consolidated Revenue Fund Charge is more or less the country’s contingency fund in the annual budget of an agency.

The Chairman also ordered the Acting Accountant General of the Federation, Okolieaboh Sylva, who appeared before the Committee to submit details of disbursement of Service Wide Votes as quickly as possible.

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