The Minority Leader emphasised that the prudent use of public funds is crucial for ensuring accountability, transparency, and public trust in Ministries, Departments, and Agencies (MDAs), as well as Government-Owned Enterprises (GOEs).
He acknowledged that over the years, the government has provided Take-off Grants and Intervention Funds to both new and existing agencies to support their operations, alongside Bailout Funds aimed at facilitating specific services and clearing outstanding liabilities.
However, he expressed concern over recurring allegations of fund diversion and mismanagement, warning that the failure to use these funds as intended undermines critical public services and projects.
Rep. Chinda further noted that the financial losses resulting from such mismanagement pose a serious drain on public resources—funds that could otherwise be directed toward essential services and national development, in line with Section 14(2)(b) of the Constitution.
The House asopted the motio and resolves to set up a Special Committee to investigate the matter and report back to within four weeks for further legislative action.