Senate panel on Public Accounts has declared its plan to investigate the utilization of over 1.7 trillion Service Wide Votes allocation in the 2017-2021 budgets disbursed to government agencies
Service Wide Vote which is also known as the Consolidated Revenue Fund Charge is more or less the country’s contingency fund in the annual budget.
Service Wide Vote is a huge sum of money which is kept for unforeseen expenditures by Government
The recurrent expenditure part of the fund is what is actually referred to as the SWV, while the capital part is called Capital Supplementation. The SWV is domiciled in the Federal Ministry of Finance.
The committee chairman Senator Matthew Urhogbide who made the disclosure said beneficiary government agencies must explain how they utilised the fund.
He added that Service Wide Votes is a disbursement into shortfall in capital and overheads.
The Chairman also ordered the Acting Accountant General of the Federation, Okolieaboh Sylva, who appeared before the Committee to submit details of disbursement of Service Wide Votes as quickly as possible.
According to him, “We want you to submit details of disbursement of Service Wide Votes, let us have it as quickly as possible, please we want speed.
“The other one that concerns you is the disbursement of Service Wide Votes from 2017-2021, you have not submitted the 2021 disbursement, let us have that of 2022 as quickly as possible, the reason is because we have 797 agencies to deal with all the letters, we have decided to put them on hold until we get your report of 2021, so that we don’t start writing fresh letters on 2021 again as soon as possible.
“We need to input it into our report, let be able to know that you have excersie a level of cooperation with us, give us hard copies for our members to study.
“We have to take you first before any other agency, you will have to appear first week of our resumption.”
Speaking further with journalists, he said the agencies need to explain how the Service Wide Votes collected have been spent adding that the Committee will need to know who authorised the disbursement of funds from Service Wide Votes, who applied for it, the authority to incure the expenditure and the supporting documents.
He said for the first time, the Senate is making inquisition into Service Wide Votes.
It could be recalled that Urhoghide, had complained about the SWV noting that they (his committee) had yet to find out how disbursement for SWV both recurrent and capital expenditure are being utilised.
According to the lawmaker, his committee has made several attempts in the past years to ensure that heads of Ministries, Departments and Agencies (MDAs) give account of what they got from the SWV but all efforts have been futile.