SAWI FOUNDER HON. SOYOYE CONGRATULATES CHAIRMAN HOUSE COMMITTEE ON PUBLIC ACCOUNTS ON THE RECOVERY OF N28.7b FOR NIGERIA
SAWI FOUNDER HON. SOYOYE CONGRATULATES CHAIRMAN HOUSE COMMITTEE ON PUBLIC ACCOUNTS ON THE RECOVERY OF N28.7b FOR NIGERIA
In a remarkable demonstration of fiscal responsibility and commitment to the Nigerian economy, Rep. Bamidele Salam, the Chairman of the House Committee on Public Accounts, has successfully orchestrated the recovery of an impressive ₦28.7 billion from various entities. This significant achievement is a move to curb financial mismanagement and ensure that public funds are utilized for the benefit of all Nigerians.
The recovery process has seen substantial contributions from key players in the corporate sector. Notably, Energy Limited has settled its outstanding liability with a payment of $847,623, which equates to approximately ₦1.2 billion, made on March 11, 2025. This timely payment illustrates the importance of corporate accountability and the role of businesses in supporting national economic stability.
In a furtherance to the effectiveness of the House Committee on Public Accounts, Seplat Production Development Limited has fully discharged its obligations by remitting a substantial $18.39 million, amounting to around ₦27.6 billion, between March 10 and March 14, 2025. This significant remittance not only highlights the company’s commitment to fulfilling its financial responsibilities but also reflects positively on the regulatory framework that encourages compliance and transparency.
Hon. Soyoye, the Founder of Soyoye Akinyode Welfare Initiatives (SAWI), has expressed his heartfelt congratulations to Chairman, House Committee on Public Accounts, Rep. Bamidele Salam for this monumental achievement. “This recovery is not just a financial win; it is a victory for accountability and transparency in governance,” he stated. “It demonstrates that with dedication and oversight, we can reclaim resources that rightfully belong to the Nigerian people and redirect them towards critical development initiatives.”
The recovery of ₦28.7 billion is expected to have a positive impact on various sectors of the economy, providing much-needed funds for infrastructure development, healthcare, education, and other essential services. Hon. Soyoye emphasized the importance of continued vigilance and proactive measures to prevent financial misappropriation in the future.
As the country navigates its economic challenges, this recovery serves as a beacon of hope, illustrating the potential for effective governance to restore public trust and foster economic growth. The efforts of the House Committee on Public Accounts, under the leadership of Rep. Bamidele Salam is commendable and set a precedent for future accountability initiatives in Nigeria.
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