The House of Representatives has set up a Special Committee to investigate the utilization of Take-off Grants, Bailout Funds, and other financial interventions allocated to Ministries, Departments, and Agencies (MDAs), Government Institutions, and Government-Owned Enterprises (GOEs) from 2015 to date.
The 14-member committee, chaired by Rep. Emeka Chinedu (PDP, Imo), is tasked with assessing compliance with financial regulations, identifying cases of fund diversion or mismanagement, and recommending measures to strengthen oversight, sanctions, and accountability.
The resolution followed a motion of urgent public importance moved by House Minority Leader, Rep. Kingsley Chinda, during Thursday’s plenary.
Chinda cited Section 88 (2)(b) of the 1999 Constitution, which empowers the National Assembly to expose corruption and inefficiency in public fund management. He stressed that responsible financial management is essential for public trust and national development.
He acknowledged that while the government has provided Take-off Grants, Bailout Funds, and Intervention Funds to support agencies and clear liabilities, allegations of diversion and mismanagement persist, undermining key public services and projects.
“The misuse of these funds has severely compromised national development goals and weakened the quality of public service delivery. It has also contributed to insecurity and eroded public confidence in government effectiveness,” Chinda stated.
He further noted that weak oversight mechanisms have allowed inefficiencies in fund deployment, leading to waste and missed opportunities for impactful governance.
The House, therefore, mandated a thorough investigation under Sections 88 and 89 of the Constitution to scrutinize the scope, utilization, and accountability of these financial allocations.
The committee is expected to present its findings and recommendations within four weeks for further legislative action.
