The House of Representatives on Thursday queried the Nigerian Investment Promotion Commission for recording an expenditure of N3.15 billion naira, despite submitting a revenue of N2.89 billion naira in the first quarter of 2024.
This was as the agency appeared before the committee in the ongoing probe to monitor revenue by Ministries, Departments and Agencies of the Federal Government.
The Director, Finance and Administration of the agency, Akwada James, told the committee the amount was projected expenditure for the year.
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