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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