Officials question 250k for each sitting remittance of Sovereign Wealth Authority board individuals
It has been uncovered that board individuals from Nigeria's Sovereign Wealth Authority (SWA) are paid N250,000 per sitting. All the more strikingly, the load up individuals sit four times in some days, totaling N1m sitting recompense per part. The different passages of four sittings in only one day were found amid an investigative hearing by the officials, while reviewing the records of the power.
As per Vanguard, reacting to the question, the Managing Director of SWA, Mr Uche Ubosi, said:
"It is the standard routine of sovereign riches powers worldwide to pay sitting stipends to board individuals.'' This however rankled the legislators who proclaimed that he ought to deliver proof of such installments where board individuals were paid as much as N1 million every day. They likewise questioned the reason all the installment timetables were PC print outs and requested for marked receipts and marked archives approving such installments.
Administrator of PAC, Kingsley Chinda, in his decision requested that all significant solid records, not photocopies, concerning the installments ought to be submitted to this board of trustees inside the following eight day
It has been uncovered that board individuals from Nigeria's Sovereign Wealth Authority (SWA) are paid N250,000 per sitting. All the more strikingly, the load up individuals sit four times in some days, totaling N1m sitting recompense per part. The different passages of four sittings in only one day were found amid an investigative hearing by the officials, while reviewing the records of the power.
As per Vanguard, reacting to the question, the Managing Director of SWA, Mr Uche Ubosi, said:
"It is the standard routine of sovereign riches powers worldwide to pay sitting stipends to board individuals.'' This however rankled the legislators who proclaimed that he ought to deliver proof of such installments where board individuals were paid as much as N1 million every day. They likewise questioned the reason all the installment timetables were PC print outs and requested for marked receipts and marked archives approving such installments.
Administrator of PAC, Kingsley Chinda, in his decision requested that all significant solid records, not photocopies, concerning the installments ought to be submitted to this board of trustees inside the following eight day
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