NLC to Buhari: Investigate Mismanagement of Bailout Funds

Wed, Jul 20, 2016
By publisher
2 MIN READ

BREAKING NEWS, Politics

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ORGANISED labour Wednesday accused state governors of mismanaging the bailout fund from the Federal government and asked President Muhammadu Buhari to immediately constitute a high powered committee to investigate the mismanagement of the fund by state governors.

President of the Nigeria Labour Congress, NLC, Ayuba Wabba who made the call while addressing the striking members of the Congress in Lokoja said it was the bailout fund was a loan to the states which must be laid back, adding that if not properly utilized, future generations of the state will be made to bear the brunt.

Wabba also frown at the action of officers and men of the Kogi state command of the Nigeria Security and Civil Defence Corp for attempting to disperse the workers who were gathered at the Secretariat of the Medical and Health Workers Union, threatening that picket the headquarters of the NSCDC in Abuja if its men repeat such action in future.

He commended the doggedness of the workers who accused the state governor, Yahaya Bello of employing divide and rule tactics in dealing with the workers and gave the governor four weeks within which to address the grievances of the workers or engage them in constructive dialogue.

He said: “I want to use this medium to call on the President to investigate the issue of bailout mismanagement. This is an administration that believes in the rule of law and we are also fighting corruption.

“Therefore, Mr President must gather the will and courage to ensure that no arm of government under his watch will be allowed to undergo this process especially the mismanagement of bailout fund. ICPC has come up with a report which clearly stated that many states have misappropriated the bailout. The purpose for which it was intended has been jeopardised.

“Therefore, we call on the federal government to institute a very high power committee to investigate the utilisation of the bailout fund because the bailout is a loan. If it is wrongly applied, it also means that in years to come, those states will also be in a difficult predicament. This is what we are calling Mr. President to do.” – The Nation

—  Jul 20, 2016 @ 19:10 GMT

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