Reps summon Taiwo Oyedele, AGF over N75bn UBEC debt

<img width="1080" height="607" src="https://dailypost.ng/wp-content/uploads/2024/02/EZrLBilXsAc5Gal.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" srcset="https://dailypost.ng/wp-content/uploads/2024/02/EZrLBilXsAc5Gal.jpg 1080w, https://dailypost.ng/wp-content/uploads/2024/02/EZrLBilXsAc5Gal-300x169.jpg 300w, https://dailypost.ng/wp-content/uploads/2024/02/EZrLBilXsAc5Gal-1024x576.jpg 1024w" sizes="auto, (max-width: 1080px) 100vw, 1080px" /> <p>The House of Representatives has summoned the Minister of Finance, Taiwo Oyedele, and the Accountant-General of the Federation, AGF,&nbsp;&nbsp;Shamseldeen Babatunde Ogunjimi, over N75 billion reportedly borrowed from the Universal Basic Education Commission, UBEC.</p> <p>The two officials are expected to appear before the House Public Accounts Committee on Thursday, October 22, to explain how the money will be refunded.</p> <p>The decision was taken at a hearing in Abuja on Friday after lawmakers questioned the withdrawal of funds belonging to government agencies to meet other obligations without clear repayment plans.</p> <p>The committee, chaired by its Deputy Chairman, Jeremiah Umaru, said public funds meant for one agency should not be diverted to another purpose without proper conditions.</p> <p>Umaru said the committee wanted a firm commitment on when the money would be repaid, rather than just explanations from representatives.</p> <p>&#8220;For each borrowing, there should be terms and conditions attached. We want to know what your plan is.&nbsp;</p> <p>&#8220;You borrowed money for certain reasons, but you should be willing to return it within a specific period, even without interest, since it is government-to-government.</p> <p>&#8220;The main issue we are looking at is N75bn. We need the Accountant-General to appear in person, and we want the Honourable Minister to appear in person too so that we can get a timeline.</p> <p>&#8220;We want to agree on when this money will be paid so that we can close this matter once and for all,&#8221; the committee said.</p> <p><a href="https://dailypost.ng/2026/10/17/reps-summon-taiwo-oyedele-agf-over-n75bn-ubec-debt/">Reps summon Taiwo Oyedele, AGF over N75bn UBEC debt</a></p>

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