Drama As 2015 Budget Presented As 2016 During Defence

Members of the House of Representatives’ Committee on Capital Market chaired by Tajudeen Yusuf were shocked on Thursday to discover that the Investment and Securities Tribunal, IST, presented same copy of its 2015 budget in 2016.

This detection caused the defence exercise to be halted. But the IST Chairman, Ngozi Chianakwalam, refused to speak with newsmen on the issue when confronted with questions.

The obviously stunned Chairman of the Committee stated that, “We expected this yesterday to take the budget defence of the IST but we realised that the budget for IST in the 2016 budget proposal is just an exact copy of its 2015 appropriation. It is word for word, figure for figure. And items dealt with and completed in 2015 were repeated.

“We looked into the budget about two weeks ago and, apart from the issue of personnel that the agency treated late in 2015, the 2015 budget for IST was okay.”