Reps launch probe into Presidential Foreign Investment Promotion Council over legal status, budget inclusion
By Gift ChapiOdekina, Abuja The House of Representatives has inaugurated an ad hoc committee to investigate the legal basis for the establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC), including the circumstances surrounding its inclusion in the Federal Government’s budget framework.
He said the committee would examine the circumstances surrounding the establishment and operations of the PFIPC, determine whether due legal and constitutional processes were followed, engage relevant stakeholders and submit its findings and recommendations to the House.
According to the Speaker, the decision to constitute the committee followed growing public interest and debate over the council’s legal status, institutional mandate, operational framework and relationship with existing government agencies responsible for investment promotion.
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