After Wednesday’s weekly meeting, the Federal Executive Council (FEC) ordered the investigation of past heads of the Nigeria Maritime Administration and Safety Agency (NIMASA) and the Joint Admissions and Matriculating Board (JAMB) over massive fraud.

The council stressed that the grand scale looting that have taken place in the agencies in the past must be looked into.

“Council felt this is unacceptable. They want to know where the monies have been going in the past,” said Kemi Adeosun, Minister of Finance while addressing State House correspondents.

“It is not that their revenue drive is different from what they have now. So council wants to know what has been happening to the monies they have been generating. It is in line with this that council has directed that we look into the books of these agencies.”

She noted that the investigation of the agencies is in furtherance of the government’s new realities of accountability and transparency.

Adeosun said the decision to probe the agencies became evident when JAMB remitted a paltry N3 million to the Federal Government’s coffers in 2015 and that in 2017 alone, the agency, without prompting, remitted a staggering N5 billion with a pledge to remit an additional N3 billion.

She maintained that the “grand scale looting in the past in these agencies” must be looked into, adding that following the fraudulent discoveries, the council has also mandated the investigation of other revenue generating agencies in the country to ascertain their level of transparency and accountability.