The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind the alleged irregular award of N3bn when he was at the helms of affairs of the bank.

The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind the alleged irregular award of N3bn when he was at the helms of affairs of the bank.

The Senate panel, currently scrutinising the 2015-2018 report of the Auditor-General for the Federation, took the decision following a query raised against the FMBN by the AuGF in the document.

The Chairman of SPAC, Senator Matthew Urhoghide, at the last sitting of the panel, said the auditor-general’s report revealed that the contract was awarded in four phases to a single contractor.

Reacting to the AuGF, the Managing Director of FMBN, Mr Ahmed Musa Dangiwa, had told the panel that the contract was awarded in 2011 by the previous management.

Not satisfied with the presentation, the chairman of the committee, ordered that the former MD of the