Categories
AFNewsNG Logo
Economy Special Report

Senate Threatens To Remove COREN From Federal Budget

Nancy Okafor

Nov 10, 2022

Senate Threatens To Remove COREN From Federal Budget
Senate Committee on Works has threatened to remove the Council for the Regulation of Engineering in Nigeria, COREN from the federal budget for allegedly being used as a conduit pipe through which government funds are being siphoned.

READ ALSO: Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth

Similarly, the committee, chaired by Senator Adamu Aliero (PDP Kebbi Central), vowed to give the professional body zero allocation in the 2023 fiscal year.

READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions

Trouble started when the Registrar of COREN, Engr. Ademola Bello was asked to defend how the 2022 budget allocation was utilised as well as the achievements of the body in the year under review, but failed the expectations of the lawmakers.

READ ALSO: Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu

Bello had told the committee that his organization is tackling the menace of incessant building collapse across the country and that investigations conducted so far, including that of 21-storey building in Lekki, Lagos State have shown that some COREN members are culpable and the names of those involved in professional misconduct would soon be forwarded to the Inspector General of Police, IGP for prosecution.

READ ALSO: ALLEGED FRAUD: Kogi PDP Chieftain Reveals Why EFCC Must Prosecute Yahaya Bello

He also explained that COREN was given a sum of N2.4 billion for 2022 fiscal year while N1.2 billion was spent to organise its annual conference.

READ ALSO: Full List Of Nigeria's Universities That Accept 140, 150, 160 JAMB Scores

According to him, the personnel cost in 2023 budget was increased by N200 million because COREN is planning to have its offices in 36 states of the federation.

READ ALSO: See Catholic Priest who slumped, died after Sunday mass in P/Harcourt

When he was asked by Senator Aliero that how much did the COREN remitted to the federation account, he said N45 million.

READ ALSO: B00M! Why House of Reps ordered ban on p0rn websites in Nigeria

The lawmakers were not happy about the poor remittance and the COREN officials were later directed to produce evidence of remittance to the federation accounts among others.

READ ALSO: How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets

However, a member of the committee, Senator George Sekibo (PDP Rivers East), said there is no justification to continue to place COREN under the federal budget as it can stand alone as a professional body like the Nigeria Bar Association, NBA and the Nigeria Medical Association, NMA, among other professional bodies.

READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into

"How can COREN spent about N1.2 billion on annual conference and remit just N45 million into the federation accounts. Government is in need of money to provide infrastructures to Nigerians. COREN should be made to stand as a professional body and stay out of money from the government," Senator Sekibo submitted.

READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State

Chairman of the committee, therefore, suspended further consideration of COREN's budget and directed its Registrar to provide evidence of remittance to the federation accounts.

Related Stories

""

— Nancy Okafor

Join the Conversation

Signed in as Member