House probes sales of national assets – Many investors may face queries!

Nigeria Reps ready to probe
Nigeria Reps ready to probe

In what looks like a continuous salvation of Nigeria from the mainstream internal economic exploiters, system saboteurs, and position abusers created by  abuse of power and the rule of law in the country, the House of Representatives is planning to commence a probe of sales of government assets to investors from far back to 1999.

Deputy Chairman of the House of Representatives’ Committee on Privatisation, Abbas Buraimah has assured that transactions on sales of government assets to investors far back to 1999 are to be revisited.

The decision to investigate followed a tour of the committee that revealed that there was gross abuse as discovered during thet tour. Many beneficiary did not comply with the terms and conditions laid down for the sales of those assets.

According to the source, there is no going back on the investigation as relevant documentations have been gathered which will help in tracking those who abused their positions or use the same to benefit close associates without due process.

The investigation will start next month when the legislature resumes after its current break, the lawmaker assured.

The recent action taken by the new Central Bank of Nigeria Mallam Sanusi Lamido Sanusi had been widely seen as an attempt to salvage thousands of commercial banks’ customers from abuse and exploitation while sanitising the Banking system and operations from its current alleged filthy conditions.