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VIDEO: Senate Accuses SEDC MD, Mark Okoye Of Renting A One-Room Apartment For N153m In Abuja.

Mark Okoye with Orji Uzoe Kalu.

The Managing Director/Chief Executive Officer of the newly established Southeast Development Commission, SEDC, Mark Okoye, has come under heavy scrutiny of the Senate over alleged misuse of funds in the commission's appropriated budget of N16.6 billion for the 2025 fiscal year.

The senate through its committee on Southeast Development Commission chaired by Senator, Orji Uzor Kalu accused the Managing Director of spending a whooping N153million to rent a one-room office apartment in Abuja, with the commission's corporate headquarters in Enugu.

Responding to how much has been spent so far from the total sum of N16.6 billion released to the commission last December, Okoye explained that roughly N12 billion is left in the commission's account.

The Senate Committee was however not satisfied with Okoye's explanation and subsequently asked him to go and put his documents in order and return next week Tuesday for further scrutiny.

 

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