Fund Diversion Under Investigation

News: The House of Representatives Committee on Industry in Nigeria will investigate the diversion of NGN10bn (US$67mn) in funds allegedly authorised by the country's former President Olusegun Obasanjo. The funds, belonging to the National Automotive Council for the development of automotive industry, were diverted to provide vehicle loans for military and para-military organisations, according to the council's Director-General Aminu Jalal.

To read the full article, please choose one of the following options: