Home / Probes / LAO-0231

Mass transit loans under SURE-P

Status

No final report

Assembly

House of Representatives

Opened

28 August 2023

Assembly term

10th National Assembly (2023–2027)

Committee

Ad hoc committee

Sum at issue

Not stated

Subject

Loans and public debt

Without a report for

1,171 days

A House of Representatives ad hoc committee chaired by Afam Ogene (LP, Anambra) investigated the failure of federal mass transit schemes, including the Subsidy Reinvestment and Empowerment Programme (SURE-P), under which 1,179 vehicles were released to transport operators on four-year loans through the Bank of Industry's subsidiary TIB. The committee said that by December 2015 only two beneficiaries, ABC Transport and The Young Shall Grow Motors, had repaid, and summoned the Minister of Finance, Wale Edun, and others.

What the record shows

28 August 2023
Probe opened.
As of 11 November 2026
No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.