Reps summon investment boss over housing project

The House of Representatives Committee on Public Accounts has summoned the Managing Director and Chief Executive Officer, Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, and heads of 11 affiliate companies over how they managed funds allocated to the provision of affordable and social homes for low-income earners in Nigeria.

The committee issued the summons via a letter with reference number HR/PAC/SCOS/9NASS/QUE.64/56, dated November 30, 2022.

The summons was based on an authority query issued by the Office of the Auditor-General of the Federation in its annual report.

The Chairman of the committee, Oluwole Oke, wrote, “I refer to our letter Ref. No. HR/PAC/SCO5/9NASS/QUE.62/84, dated 18th November 2022, inviting you to appear before the committee on Friday, November 25, 2022, on the above subject matter. In view of the above, the committee is in receipt of your correspondence with Ref. No. NSIA/NAS/HCPA/022/01, dated November 25, 2022, and resolved to request for a soft copy and 15 hard copies of a written brief on each of the following subsidiaries and investment companies of NSIA to enable the committee to carry out its legislative mandate.”

The 11 organisations summoned by the committee are NSIA Motorways Investment Company, FGF Private Equity Co. Limited, FGF PE Beta Limited, FGF Investment Limited, NSIA Property Investment company Ltd, NSIA Power Investment Company Ltd, NSIA Agriculture Investment Company Ltd, LUTH Advanced Medical Service Ltd, FMCU Advanced Medical Diagnostic Ltd, AKTH Advanced Medical Diagnostic Limited, and NSIA Healthcare Development and Investment Company Ltd.

“A new date has been fixed for your appearance. You are to cause appearance before the committee on Monday, December 12, 2022, at 11am,” the letter added.

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