Senate queries SEDC financial report

From Kenneth Udeh , Abuja
The Managing Director and Chief Executive Officer of the South East Development Commission (SEDC), Mark Okoye, yesterday, defended the Commission’s financial management and expenditure profile as members of the Senate Committee on the South East Development Commission subjected its financial records to intense scrutiny during an investigative oversight session in Abuja.
The Committee, chaired by Orji Uzor Kalu, expressed dissatisfaction with aspects of the financial report presented by the Commission, particularly a reported N153 million expenditure on a liaison office in Abuja and N2.5 billion classified as ‘implied expenditure.’
The hearing, convened a...