The house of representatives has demanded that the Hydrocarbon Pollution Remediation Project (HYPREP) account domiciled with Stanbic IBTC Bank Plc be restricted.
The lower legislative chamber made the request after considering the report of its committee that investigated the implementation of the treasury single account (TSA) policy.
The HYPREP which is an agency of the ministry of environment is in charge of the Ogoni clean-up exercise in the Niger Delta region.
The lawmakers said the account should be “immediately frozen” and full investigation into its status conducted.
They also said all government ministries, governments and agencies who violated the TSA policy should be sanctioned accordingly.
More to follow…
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