The Senate, through its Committee on the South East Development Commission (SEDC), on Tuesday questioned Mark Okoye, Managing Director of the commission, over the alleged mismanagement of N16.6 billion received from the 2025 budget allocation.
The committee, chaired by Orji Uzor Kalu, senator representing Abia North, raised concerns over N153 million reportedly spent on renting a one-room liaison office in Abuja, as well as N2.5 billion listed as “implied expenditure.”
The scrutiny followed an investigative hearing during which the committee reviewed the commission’s financial report and expenditure records.
Members of the committee expressed dissatisfaction with the commission’s explanations regarding the utilisation of funds released so far.
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They vowed to ensure full accountability for all expenditures made from the allocation.
Kalu said information obtained by the committee from the Central Bank of Nigeria indicated that only N13 billion remained from the
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