‘Raised Queries!’ IGP Egbetokun Apologises to Senate, Lawmakers Push for N10bn Capital Market Fund

OwelekeTV — Inspector General of Police (IGP), Kayode Egbetokun, on Tuesday apologized to the Senate Public Accounts Committee (SPAC) for failing to honour multiple invitations to address queries raised by the Auditor General of the Federation regarding the Nigeria Police Force.

Last week, Committee Chairman Senator Ahmed Aliyu Wadada had threatened to issue a warrant of arrest against Egbetokun if he continued to evade the summons.

Speaking under oath before the committee, Egbetokun explained that his absence was not intentional but due to the heavy demands of his office. He assured the lawmakers that such an occurrence would not happen again.

Senator Abdul Ningi (PDP – Bauchi Central), who represents Wadada, accepted the apology, stating that the IGP’s presence before the committee reaffirmed that no one is above the law.

He warned other invitees by the committee including heads of Ministries, Departments and Agencies (MDAs) to ensure they appear to defend queries against them on days specified on invitation letters to them.

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However, following a request by the Committee, Egbetokun introduced the Assistant Inspector General of Police (AIG) in charge of Police Accounts, Abdul Sulaiman, to always represent him before the committee.

Senate urges FG to approve N10bn for Capital Market in 2025 budget

The Senate on Tuesday urged the federal government to approve the allocation of N10billion for the Capital Market in the 2025 budget.

The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, made the call when the Minister of Finance and Coordinating minister for the Economy, Dr. Wale Edun, appeared before the panel in Abuja.

Izunaso said the request has become necessary to boost the operations of the capital market in the country towards contributing meaningfully to economic development.

More details to follow soon…