The House of Representatives has commenced a probe of the activities of the NigeriaSovereign Investment Authority (NSIA) from inception to date.

Chairman of the House Ad-hoc Committee, saddled with the probe, Ademorin Kuye, while speaking at an investigative hearing organised by the panel, said the probe is to ascertain if the agency has adhered to the extant laws.

Kuye noted that the parliament is interested in knowing how the funds of the agency has were being managed. He stated that panel will visit sites of the projects being handled by the agency, if there is need, so as to ensure that the government is getting value for money.

Managing Director, NSIA, Aminu Sadiq, while addressing the lawmakers said the agency has invested over $500 million dollars in domestic infrastructure, while $1 billion has been invested in “third party investment.”