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N7.2Bn NAPEP Scam: Senate Denies Indicting Kpakol

Source: EMMA UCHE. -

ABUJA, March 27, (THEWILL) - The Senate Committee on National Planning, Economic Affairs and Poverty Alleviation today debunked reports that it had indicted the National Coordinator of National Poverty Eradication Programme, NAPEP Dr. Magnus Kpakol over the mismanagement of agency’s N7.2 billion.

Faulting the report in a statement in Abuja, Chairman of the Committee, Senator Zainab Kure, described the alleged claims of indictment as false.

She however, clarified that the Committee in its investigation of NAPEP, did not find Dr. Kpakol or any staff of agency culpable of misappropriating monies meant for poverty alleviation in the country.

Senator Kure also described as false and baseless the claims that the Senate had indicted Dr. Kpakol for conniving with banks to mismanage large sums of monies meant for the growing Nigerian poor.

Part of the statement said; “The attention of the Senate Committee on National Planning, Economic Affairs and Poverty Alleviation has been drawn to an alleged indictment of the national coordinator of NAPEP and the Special Assistant to Mr. President on poverty, Dr. Kpakol by the Committee.

“The Committee’s report has not been considered by the by the Senate talk less of indicting Dr. Magnus Kpakol as alleged. It is pertinent to mention that the Committee is not aware of the alleged report.”

She further disclosed that the Committee has no knowledge of the lodgement of the N7.2 billion into two commercial banks for the purpose of yielding interest for the national coordinator.

According to her, “The Committee is made up of distinguished members and highly disciplined staff to divulge wrong information to the media or anybody for that matter.”

“We did not have any knowledge that in some states, NAPEP officials used their influence to approve for themselves directly or through their cronies funds which they used without intention to repay while funds approved for certain beneficiaries were diverted to different beneficiaries, thus makes it impossible to recover such funds.”