The House of Reps Moves to Suspend FGs Plan to Shut down NERFUND

The House of Representatives has called on the Executive arm of Government to suspend the plan to shut down the National Economic Reconstruction Fund NERFUND until investigations have been concluded on allegations of mismanagement in the organisation. This was sequel to a motion brought before the House by Hon. Olabode Ayorinde. The Member recalled that the Management of NERFUND had, in the past year, been embroiled in an unending feud with its staff as evident in June 2016,when the staff took to the streets, protesting an alleged mismanagement of funds.