The House of Representatives Committee on Public Assets yesterday queried the Ministry of Finance Incorporated (MOFI) for taking money from the budget for its operation without authorisation.
Chairman of the Committee, Ademorin Kuye, queried the agency as its Managing Director, Armstrong Takang, appeared before it to give account of their activities.
The Committee, which grilled Takang and members of his team on efforts to shore up the revenue of government, expressed disappointment with MOFI for failing to live up to expectations.
It berated the agency for reckless expenditure without improving government revenue. Takang had in his presentation told the Committee they took money from the budget.
Kuye queried: “In your report we would like you to refer us to the section of the law where you are permitted to take money from the budget. How you have been getting funded since you came into office?”
He said the agency wasted the Committee’s time as it did not provide any answer to its questions. Kuye, in his ruling also demanded various documents from the agency on the assets it was managing. He said they must be submitted within seven days.
