House of Representatives has directed the Managing Director of the Nigeria Railway Corporation, NRC, Mr. Seyi Sijuwade to produce contractors that handled the rail construction/rehabilitation projects between 2010 and 2014.
Chairman of the ad hoc committee investigating the rail light project, Hon. Johnson Agbonanyim disclosed this recently when the NRC boss and other stakeholders appeared before the committee.
The MD was requested to produce the contractors that handled the light rail project following the inability of the committee to get letters of invitation across to the contractors.
Attempt by the committee to prove a connection between the NRC and a request for the return of N2bn pension fund failed as the MD and his team defended the allegation.
Trouble, however, began when the committee, acting on documents before it, asked the MD to explain all he knew and reason behind his request to the Office of the Accountant General of the Federation, OAGF for a return of N2bn or 20 percent of the corporation’s pension fund to the corporation sometime December, 2014.
In his response , Sijuwade, who was reminded of being on oath, denied making such request to either the AGF or Minister of Finance to return any pension money to NRC.
“I never at any time make any request to the AGF to return N2bn pension fund to the corporation,” he said.
Insistent on getting to the root of the matter, the committee asked the Director of Finance, Felix Njoku to take an oath in order to take questions regarding the issue.
Njoku did and replied affirmatively that there was never any correspondence from his office to the AGF on return of the said pension money.
Not satisfied, the committee veered into what the organisation did with N2bn that was in the corporations coffers around the period under review.
The director explained that the money was not related to pension and was used to fund on-going contracts at the time.
He was asked to list the contracts, which he said was impossible at that point, but that all transactions were duly documented.
Njoku promised to make available the records.

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