House Committee to Question DMO, TCN Over Debt Issues
The House of Representatives Public Accounts Committee, chaired by Bamidele Salam, will interrogate senior officials from the Debt Management Office (DMO) and the Transmission Company of Nigeria (TCN) on October 16 and 17, 2026. This inquiry follows queries raised in the 2024 Auditor-General for the Federation’s report.
The DMO is expected to address allegations of exceeding approved borrowing limits by N54.57tn from 2020 to 2024, having contracted N88.67tn in loans against a budgeted N34.89tn. The committee will seek explanations regarding compliance with borrowing regulations and fiscal plans.
Meanwhile, TCN will account for its failure to recover N446.70bn from a total of N882.75bn owed by public agencies. The committee aims to ensure financial accountability among federal institutions and compliance with established regulations, with hearings scheduled for 1 pm in Hearing Room 446.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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