Orji Kalu Questions SEDC Over N153m Office Expenditure
Senator Orji Kalu, representing Abia North, questioned the South East Development Commission (SEDC) during a Senate committee inquiry about its financial management, particularly concerning a N153 million expenditure for a one-room office in Abuja. The inquiry, which involved SEDC's Managing Director Mark Okoy and former Chief of Staff Sylvest Okonkwo, focused on the commission's failure to account for N4 billion allocated in its 2025 budget.
Kalu expressed dissatisfaction with the explanations provided by Okoy, noting that the figures did not align with data obtained from the Central Bank of Nigeria. Kalu instructed Okoy to return to the committee with complete documentation regarding the fund utilization.
The SEDC, established under President Bola Tinubu's administration to address developmental issues in the South East, has faced scrutiny for its financial practices, which jeopardize public trust and confidence among stakeholders in the region.
Plus234Feed summary based on reporting from Daily Post. Read the original report below.
Read full article
Continue on Daily Post
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Senate Demands Accountability from SEDC Over N153m Rent
Senate Orders SEDC to Explain N3.6bn Spending, Questions N153m Office Rent
Senate Demands Accountability for N3.6bn SEDC Spending
Senate Questions SEDC on ₦16.6bn Budget Mismanagement
SEDC Boss Mark Okoye Faces Probe Over N16.6bn Budget
Senate Investigates N153 Million Spending by SEDC Chief
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
