The Chairman of the Committee on Finance, James Faleke, gave the ruling during the continued hearing on the Medium-Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP, when the agency was unable to explain how the funds were utilised.
Similarly, the committee directed the Nigerian Electricity Regulatory Commission to explain within 72-hours why a company was licensed to provide metres.
The company is said to have received thirty nine billion naira from the Ministry of Power, but still did not provide the metres.
The committee is concerned that a company which seemingly lacks the capacity to execute the project was licensed.
