Before suspending plenary for two weeks, the Senate President yesterday assured that henceforth, impunity and financial recklessness on the part of public office holders would not be tolerated under whatever guise.
Saraki’s remarks came on the heels of a motion on the alleged unwholesome practices by Manitoba Hydro International Nigeria Limited under the direction and control of the Bureau of Public Enterprises.
Senators Muhammed Hassan, Dino Melaye, Shehu Sani, Abubakar Kyari, Albert Bassey and Ali Wakil had in a motion accused Manitoba of refusal to accept Naira as legal tender currency for payments for goods and services in Nigeria, noting that the company was incorporated under and, subject to the laws of the Federal Republic of Nigeria carrying on business in Nigeria and paid in millions of dollars of scarce public funds.
According to the movers of the motion, “It is criminal offence as stipulated in section 20 (5) of the Central Bank of Nigeria Act, 2007 for any person or body corporate to refuse the acceptance of Naira as the legal tender currency for payments for goods and services in Nigeria.
“We are convinced that the management services contract prepared by BPE for the management of TEN is fraught with apparent illegalities and total violations of the laws of Nigeria.
“We are further convinced that these apparent illegalities would inevitably result in corruption, inefficiencies, waste of public resources, lack of transparency and accountability in the management of TCN”.
Consequent upon that, the Senate resolved to investigate the entire circumstances surrounding the preparations, execution and implementation of the management services for TCN and all other related matters.
Mandating its committees on power and privatization to make appropriate recommendations concerning its findings and report backwithin four weeks, the Senate also asked the joint committee to investigate the roles of all persons involved in the matters, determine their culpability whether or not they acted against public interest.
The joint committee was also mandated to ascertain the relevance of BPD on the board of directors of distribution companies in Nigeria.
Meanwhile, Senate yesterday suspended plenary for two weeks to enable senators conduct budget hearings where the various ministries and agencies of government would appear to defend their budgets.
Senate president, Bukola Saraki made the announcement yesterday, stressing that the suspension of the plenary would allow the relevant committees with oversight functions to receive briefings from the MDA’s ahead of the proposed date for the passage of the 2016 budget.
The Senate had passed through second reading, the 2016 budget last Wednesday.

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