The House of Representatives on Tuesday resolved to carry out a forensic audit of the activities of the Nigerian Communications Satellite (NIGCOMSAT) Limited from inception to date. Tribune Online reports that the resolution was passed sequel to the adoption of a motion on the ‘Need to investigate the alleged sleaze, misappropriation and non-profitability of the NIGCOMSAT Limited,’ sponsored by the Minority Leader, Hon. On his lead debate, Hon. According to him, “because the vision of NIGCOMSAT was for it to be the leading satellite operator and service provider in Africa, the company in, 2007, launched the first geostationary Communications Satellite in Sub-Saharan Africa, so as to exploit the commercial viability of the country’s Communications Satellite for its Socio-Economic benefits. To this end, the House mandated the Committees on Information Technology (ICT) and Finance to carry out a forensic audit of the activities of the NIGCOMSAT Limited from inception to date and report back within four weeks for further legislative action.

Source: Nigerian Tribune June 02, 2020 15:44 UTC