The Senate Committee on Finance has requested the Nigerian Agricultural Insurance Corporation (NAIC) to furnish it with details of its audited account covering 2021, and 2022, up to the third quarter of 2023.
The Committee made the demand on Monday when the MD/CEO of NAIC, Mrs Folashade appeared before it.
Mrs Joseph while presenting the Corporation’s 2024 Revenue, Overhead and Capital Projections, had told the Committee led by Senator representing Niger East, Sani Musa, that the agro-insurance outfit transferred N3, 847, 202, 032.03 to the Consolidated Revenue Fund (CRF) of the federal government in 2023.
She later contradicted herself when she disclosed that the NAIC suffered huge losses in 2022.
Not impressed with the performance of the agency, Senator Musa said his Committee was determined to block all financial leakages.
He said: “For a long time the accounts of MDAs have been run as personal property. We want to make a difference.
“We want to ensure that the right thing is done and that this government has what it wants to give Nigerians the dividends of democracy.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
AFEX’s crop production report forecasts higher prices for commodities in 2023/2024 season
Africa’s leading commodities player, AFEX, unveiled its 2023 crop production report in a hybrid event hosted at its Abuja office on…
No more union’s industrial strike in Nigerian varsities — Tinubu
President Bola Ahmed Tinubu has expressed the willingness of the federal government to establish synergy with…
Top five benefits of being a Guinness World Record holder
Guinness World Records, GWR, is a British reference book published annually, listing world records both of human achievements and…
Rema: Spotify honours Afrobeats star with 1 billion streams plaque
On a momentous occasion at the iconic O2 arena, Nigerian Afrobeats sensation Rema was honoured by Spotify for his…
Tinubu and Ganduje shouldn’t play with fire in Kano
The Court of Appeal on Friday upheld the verdict of the Kano State Governorship Election Petition Tribunal that…
Man City v Liverpool: 1xBet announces a grand battle in the Premier League
The reliable bookmaker 1xBet talks about the Premier League 13th-round central match, where Manchester City will…
and then