• Reps probe FG’s N35bn expenditure on insurance

    Reps probe FG’s N35bn expenditure on insurance

    The House of Representatives on Tuesday expressed concern over more than N35 billion allegedly appropriated and expended on insurance of fixed and non-fixed government assets in the 2015 budget.

    The reaction of the lawmakers followed a motion under matters of urgent public importance raised by Rep. Ossy Prestige (APGA-Abia), which was unanimously adopted by members through a voice vote.

    Moving the motion, Prestige said on every N10 billion paid as insurance premium by government, N5 billion was being returned to corrupt government […]