The allegation by Dr. Oby Ezekwesili, a former Special Adviser on Public Procurement to former President Olusegun Obasanjo and one time Vice President (Africa) of the World Bank that the Federal Government squandered $67 billion in the last six years, has received the attention of the House of Representatives who have resolved to investigate the allegation.
The alleged squandered sum comprised Nigeria’s foreign reserves which stood at $45 billion as well as the excess crude fund which stood at $22 billion as at 2007.
Ezekwesili, while speaking at the 44th convocation lecture of the University of Nigeria, Nsukka, held last week, had alleged that the government of late President Umaru Yar’Adua and the current administration, mismanaged the huge sum which was left behind by Obasanjo’s administration.
The House, in adopting a motion sponsored by Umar Bature (PDP, Sokoto), directed its Committees in charge of Finance and Appropriation to jointly investigate the allegation and report back within six weeks.
Throwing more light on his motion, Bature urged the House to conduct the investigation because of the background of Ezekwesili as Special Adviser to the President on Public Procurement who later became a Minister of Education.