The Coalition Against Corrupt Leaders, CACOL, has called for an investigation into the alleged misuse of N4.9 billion from the contingency funds of the Federal Government by the Budget Office of the Federation.

The House of Representatives’ Committee on Public Accounts had, last week, queried the disbursement of money from the fund.

CACOL Chairman, Comrade Debo Adeniran, who condemned this act in a press statement issued yesterday in Lagos, lamented that the endemic corruption pervading the Budget Office of the federation is very worrisome.

“It is very unfortunate that the budget office and the Auditor General office could hold the whole country to ransom without caution from any quarter. It is high time the Presidency and the lawmakers addressed the rot that is bedeviling the budget office. Spending our common patrimony on white elephant projects is becoming unbearable and an end must come to it,” he said.

Adeniran argued that such a reckless spending “explained why substantial increase in the revenue flowing into the government coffers has not translated into substantial development.”

The group therefore demand a thorough probe of the spending.