The Vice Chairman of the Public Accounts Committee of the House of Representatives, IBRAHIM BABA made the call following a query issued by the office of the Auditor-General of the Federation.
According to the query dated December 2010, a total sum of four point two billion was illegally moved three times in November from ITF account to other accounts which according to the query belong to same agency.
The Office of the Auditor-General had questioned the propriety of moving the money without remitting twenty-three point million naira interest accruing from the transactions to the agency’s account.
JOSEPH ARI had in his response to the query said the transactions were made without the authorisation of the agency.
ARI said the bank’s response in May 2012 explained that the withdrawal from ITF’s remittal control account was done in error.
