The House of Representatives has directed the Bureau for Public Enterprise (BPE) to account for about N10 billion expended on the failed subsidiaries of the Nigeria Postal Service (NIPOST).
Bamidele Salam, Chairman, House Committee on Public Accounts, made the call on Monday in Abuja at the resumed investigative hearing of the committee.
“No reasonable Nigerian will believe that N10.4 billion was spent to register the two companies.
”These companies eventually folded up one year after takeoff,” he said.
This came months after the Senate ordered the recovery of the N10 billion released to NIPOST to kick-start the two subsidiaries.
