Nigeria, June 11 -- At a recent oversight engagement with the leadership of the Commission earlier this week, the Senate's SEDC Committee Chairman, Senator Kalu, accused the Managing Director of the SEDC, Mr Okoye, of mismanaging funds allocated to the Commission to the tune of over N16 billion.

The SEDC MD had denied the allegations, stating that it would forward its financial details to the Senate Committee for clarity at a later date.

Reacting to the imbroglio, the South East Development Agenda (SEDA), a regional civil Society organization and public accountability watchdog, commended the Senate Committee for its proactive and vigilant oversight of the Commission at this critical stage of its existence.

It said the Committee's inte...