August 14, 2018

N100bn cattle ranch fund: 1 year after resolution, Reps yet to begin probe (Punch)

N100bn cattle ranch fund: 1 year after resolution, Reps yet to begin probe (Punch)

The House of Representatives has yet to investigate the N100bn disbursed to some states by the Central Bank of Nigeria to build cattle ranches, one year after it passed a resolution on the matter.

The House had passed the resolution on January 20, 2017, following a motion moved by a member from Kogi State, Mr. Sunday Karimi.

The National Economic Council reportedly approved the release of the money in 2014 under the administration of former President Goodluck Jonathan for the states to build “mini” ranches after clashes between herdsmen and farmers escalated.

But, findings by Saturday Punch indicated on Friday that after a year, the House had yet to constitute an ad hoc committee to start the investigation. Read more

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