ABUJA: Although the dust raised by move to recover some N30 billion lost to the rice import waiver granted by the last administration is yet to settle, the attention of the country’s Senate is being attracted by another allegation of high level fraud in the business.
The Senate, it was learnt might set up an ad-hoc committee when it resumes early next month to investigate the rice smuggling allegation believed to have made the country lose huge sums of money amounting to N117 billion.
A motion to that effect, according to sources in the National Assembly, is already being processed to be moved on the first week of resumption from the new year break.
Some highly entrenched interests known in the rice industry are alleged to have sabotaged a rice policy initiated by President Goodluck Jonathan to boost local rice production just to sustain their business interests.
Singapore, Nigeria trade volume hits N846b
SINGAPORE: The trade volume between Nigeria and Singapore reached N846bn from 2011 to 2015, while the absolute balance of trade...
