Senate committee grills military board over N44 billion pension funds

Senate committee grills military board over N44 billion pension funds

- The chairman of the Military Pensions Board, Adekunle Adesope, appeared before Senate committee on public accounts on Thursday, May 3

- The Senate questioned the chairman over N44 billion the board allegedly expended without budgetary provisions between 2015 and 2017

- According to him, there was serious disparity in the figures that had been made available to the committee

The Military Pensions Board was questioned by the Senate on Thursday, May 3, over allegedly expending N44 billion without budgetary provisions between 2015 and 2017.

According to the chairman of the Senate committee on public accounts, Matthew Urhoghide (PDP, Edo South), the Service Wide Vote (SWV) under which the Military Pensions Board gets its allocation is “a blind way of spending”. He stated that it was bigger than the budget, Premium Times reports.

NAIJ.com notes that he also stated that there was serious disparity in the figures that had been made available to the committee.

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The chairman of the Military Pensions Board, Adekunle Adesope, appeared before the committee to explain what had been released so far.

Adesope stated that the committee’s observation was a wrong impression, and that the board spends N9.2 billion monthly for 92,000 military pensioners, adding that he didn't know how the government came about payment of pensions from SWV instead of the budget.

The committee chairman responded: “Releases from the service wide vote were what we are concerned (about) and not the budgetary provisions. A number of times we invited you so that we can put this in a proper perspective, we have not been able to see you.

“In explaining how this fund was spent, don’t give us nebulous explanation. Be very clear so that in the next one week, we will be able to submit our report to the red chambers."

Officials from the office of the accountant general of the federation were thereafter asked by the chairman to disclose the amount released so far to enable the board deal with possible disparity.

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Meanwhile, NAIJ.com previously reported that the Nigerian Senate summoned three key federal government officials to provide explanation on a critical issue.

The officials summoned were the minister of defence, Brigadier-General Masur Dan Ali; the CBN governor, Godwin Emiefiele; and minister of finance, Kemi Adeosun.

EXCLUSIVE: Be patient with President Buhari, Femi Adesina tells Nigerians - on NAIJ.com TV

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Source: Naija.ng

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