 The House of Representatives Joins Committee on Finance, Banking and Currency has begun investigating the leakages amounting to $30 billion annually in the transfer of funds to execute international contracts into bank transfers, among others. At its inaugural investigative hearing on Monday, the committee co-chaired by James Falleke and Victor Mwokulu, grwyd officials of city bank and Fidelity Bank over alleged non-remittance of funds due to the Federation account. Falleke noted that the probe became necessary as a result of the growing problems in the financial management of all the God-given resources in Nigeria. He listed the infractions to include lifting of some crude oil and gas by oil exploration companies, concealment and non-disclosure of some crude oil lifting, overnight and fictitious disappearance of Naira proceeds of foreign infos and multiple exchange allocations to holders of foreign infocertificates of capital importation.