Senate queries SEDC, accuses commission of spending N153m on Abuja office rent

Nigeria's Senate has placed the Managing Director and Chief Executive Officer of the South East Development Commission (SEDC), Mark Okoye, under intense scrutiny. The commission faces serious questions regarding its financial dealings, particularly concerning the allocation and expenditure of funds from its 2025 budget.

The primary focus of the Senate's query is the SEDC's alleged spending of N153 million on rent for its office in Abuja. This significant expenditure has raised concerns among lawmakers about the commission's financial prudence and transparency.

Okoye is expected to provide a detailed account of how the commission's funds have been managed, with the Senate seeking to ensure that public money is utilized effectively and responsibly. The investigation underscores the importance of oversight in government agencies to prevent mismanagement and ensure accountability.