By Wole Oladimeji:

THE House of Representatives has begun investigation into the alleged mismanagement of N132 billion in the Railway Property Management Company Limited (RPMCL), a subsidiary of the Nigerian Railway Corporation (NRC).
Due to several petitions received by the House Committee on Land Transport, it set up an ad-hoc committee to unravel the mystery surrounding the alleged mismanagement and report back to it.

It was reliably gathered that the  House committee, chaired by Bernard Udoh, set up the ad-hoc panel to also determine how much the company had generated since 1999.

The seven-man ad-hoc committee, consisting six members of the House and a consultant hired for the purpose, is to be chaired by  Patrick Asadu.

The ad hoc panel, which has  Emmanuel Jimeh as its Secretary, has only two weeks to turn in its report.

The committee, in the course of its investigation, is expected to visit the zonal offices of the agency with a view to ascertaining the veracity of the claims purportedly made in a petition forwarded to the House Committee on Land Transport by a concerned citizen.

The petitioner had alleged that the agency generated over N1 billion monthly and spent same without recourse to Appropriation Bill as approved by the National Assembly.

The petitioner, according to a reliable source close to the House Committee on Land Transport, also alleged that the agency generated revenue and spent it without remitting  it to the Federation Account as specified by the law.

The petition urged the committee to look into the matter with a view to getting those responsible to face the full consequences of their  action.

The source also indicated that the committee would investigate all the other activities of the agency and find out whether they complied with the provisions of the Public Procurement Act.

Members of the ad hoc committee were, however, warned to shun any form of gratification from the agency.

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