Reps Investigate DFIs, Threaten BOI with Compulsion
On Thursday, the House of Representatives' ad hoc committee commenced an investigation into Development Finance Institutions (DFIs) in Nigeria. The committee, led by Hon. Mark Obetta, has threatened to invoke its constitutional power to compel the Bank of Industry (BOI) to appear before it after the BOI failed to honor an invitation.
The investigation also involves other institutions, including the National Agricultural Development Fund (NADF), the Nigerian Credit Guarantee Company (NCGC), and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). The committee clarified that its investigation aims to strengthen transparency, accountability, and efficient management of public intervention funds, which are critical for supporting strategic sectors of the economy and promoting inclusive growth.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
Read full article
Continue on Blueprint
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Urgent Need for DFI Recapitalization in Nigeria's Economy
Reps Committee Warns MDAs Against Probe Obstruction
Nigerian Reps Threaten Banks and Agencies Over Agricultural Subsidy Probe
BOI Highlights Women's Leadership in Banking Sector
Reps Investigate Port Concessions for Accountability
House of Representatives Proposes Fintech Regulatory Bill
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
