Senate Panel Quizzes AG Over Lawyer Paid $4m As Consultancy Fee For ECA - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
March 11, 2020
TheSenate has quizzed the Accountant-General of the Federation AGF, Idris Ahmed,over the identity of a lawyer who collected 4 million dollars as payment forthe professional fees for the management of Excess Crude Account.
Chairmanof Senate Committee on Finance, Adeola Olamilekan, who demanded the identity ofthe lawyer during an interactive session with the AGF, said that the committeewould want him to furnish members with the identity of the lawyer who collected4 million dollars from excess crude as consultancy fee.
Ahmedhad earlier furnished the committee on how the 325 million dollars in ExcessCrude Account was depleted to 71.8 million dollars.
Hesaid that the balance in the account as of January 2020 was 325 milliondollars, from which the National Economic Council NEC agreed to invest 250million dollars into Nigeria Sovereign Investment Authority and 4 milliondollars was paid as a professional fee to an unknown lawyer.