{"id":38729,"date":"2021-01-07T09:22:56","date_gmt":"2021-01-07T09:22:56","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=38729"},"modified":"2021-01-07T09:23:05","modified_gmt":"2021-01-07T09:23:05","slug":"senate-queries-power-ministry-over-n478m-found-in-mortgage-bank","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=38729","title":{"rendered":"Senate queries Power Ministry over N478m found in mortgage bank"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/www.ripplesnigeria.com\/wp-content\/uploads\/2020\/04\/Nigerian-Senate.-.jpg\" alt=\"PIB passes first reading in Senate\"\/><\/figure>\n\n\n\n<p>The Senate has queried the Ministry of Power after it discovered a bogus deposit of N478m by the ministry in Aso Savings and Loans Plc.<\/p>\n\n\n\n<p>The money was discovered following a 2015 report carried out by the office of the Auditor General for the Federation (AuGF), and was said to be in connection with the Zungeru Power Project.<\/p>\n\n\n\n<p>The report which is currently being scrutinised by the Senate Public Account Committee, stated that the amount was meant for the compensation of persons that would be displaced to pave the way for the project execution.<\/p>\n\n\n\n<p>Part of the money, the report further stated, was for the purpose of securing housing facilities for some staff of the Ministry of Power.<\/p>\n\n\n\n<p>The Chairman of Committee, Senator Matthew Urhoghide, while treating the report during its ad-hoc sitting on Wednesday, January 6, raised fears that the Ministry might have difficulty in retrieving the fund if the report by the AuGF is anything to go by.<\/p>\n\n\n\n<p>\u201cThe examination of various bank statements belonging to the Ministry of Power revealed that the sum of N2bn was deposited into Aso Savings and Loans Account since December 2013,\u201d the AuGF report stated.<\/p>\n\n\n\n<p>\u201cThe Ministry should provide the backing documents to enable the office of the AuGF to carry out proper audit checks on the operation of this account, particularly, the interest accrued on the deposit.\u201d<\/p>\n\n\n\n<p>The Ministry of Power, in a written response, however, said that the money was deposited in the Aso Savings and Loans Plc under the Zungeru Power Project.<\/p>\n\n\n\n<p>The Ministry added that it wrote the Accountant General of the Federation via a letter dated 20th December, 2012, for the approval and got a response from the AuGF on January 14, 2013, giving the approval to open the account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate has queried the Ministry of Power after it discovered a bogus deposit of N478m by the ministry in Aso Savings and Loans Plc. The money was discovered following a 2015 report carried out by the office of the Auditor General for the Federation (AuGF), and was said to be in connection with the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senate queries Power Ministry over N478m found in mortgage bank &raquo; WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=38729\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=38729#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Corruption\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=42\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Senate queries Power Ministry over N478m found in mortgage bank\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Senate queries Power Ministry over N478m found in mortgage bank &raquo; WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=38729","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=38729#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Corruption","item":"https:\/\/watchdogplusmedia.com\/?cat=42"},{"@type":"ListItem","position":3,"name":"Senate queries Power Ministry over N478m found in mortgage bank"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=42\" rel=\"category\">Corruption<\/a>","rttpg_excerpt":"The Senate has queried the Ministry of Power after it discovered a bogus deposit of N478m by the ministry in Aso Savings and Loans Plc. The money was discovered following a 2015 report carried out by the office of the Auditor General for the Federation (AuGF), and was said to be in connection with the&hellip;","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/38729"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38729"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/38729\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}