Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the td-cloud-library domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/vhosts/economicconfidential.com/httpdocs/wp-includes/functions.php on line 6121
Senate Says Budget Office Paid Four MDA’s N19bn Without Approval - Economic Confidential
Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Economic Confidential Factual, Authoritative & Accessible
  • Home
  • News
    • AllNational NewsState News
      Godwin Emefiele CBN Governor

      Court Grants Emefiele N2bn Bail Over Fresh Charges

      Nigerian Crude Hits $77 per Barrel

      Naira Against Dollar

      Naira Gains Against Dollar in Official, Black Markets

      PETROAN Sounds Alarm Over Dangote’s Fuel Market Dominance

  • Business
    • Minister of Interior, Tunji Ojo

      With Less than N10bn Budget, Immigration can’t Protect our Borders –…

      NADF’s Commendable Drive in Enhancing Farmers Access to Finance in Nigeria,…

      Dangote Refinery offers transport-free deliveries of Fuel to Marketers 

      Naira Against Dollar

      Naira Gains Against Dollar in Official, Black Markets

      cbn

      CBN to Offer N162bn Worth of Treasury Bills for Subscription

  • Features
    • AllInsightOpinion
      Blockchain Technology

      Trust, Identity and the Blockchain Road Nigeria Is Taking, By Fatimah…

      Rabi Ummi Umar

      A Heartfelt Letter to Our Fathers, by Rabi Ummi Umar

      Central Bank of Nigeria, CBN

      As CBN Leads Nigeria’s Gender-sensitivity Resurgence, by Rahma Olamide Oladosu

      The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi

      GEOINT: The Intelligence Edge Nigeria Customs Needed, By Tahir Ahmad

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      Inflation

      Nigeria’s Inflation Drops to 22.97%

      Nigerian Financial Intelligence Unit (NFIU) OGFZA

      Nigeria Nears FATF Grey List Exit – NFIU

      President Bola Ahmed Tinubu Cop

      ‘Tinubu’s Reforms Bold, But Brought Pains on Citizens, Businesses’

      TAX

      Tax Reforms Not Just About Revenue, Says Presidential Aide

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…


      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 565

      Deprecated: parse_url(): Passing null to parameter #1 ($url) of type string is deprecated in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 565

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Financial Monetary Senate Says Budget Office Paid Four MDA’s N19bn Without Approval
  • Financial
  • Monetary

Senate Says Budget Office Paid Four MDA’s N19bn Without Approval

By
Economic Confidential
-
April 10, 2023
The Nigerian Senate
The Nigerian Senate

Senate Says Budget Office Paid Four MDA’s N19bn Without Approval

Your browser does not support the video tag.

 

The Senate has asked the Budget Office of the Federation to refund the sum of N19bn the agency disbursed to four unnamed Ministries Department and Agencies without the approval of the Minister of Finance, Budget and National Planning.

The Senate had last October commenced an investigation into the alleged illegal payment of N19bn to four unnamed federal agencies by the Budget Office.

The Senate Public Accounts Committee chaired by Senator Mathew Urhoghide noted that the Budget Office did not present the letter it claimed to have written to the office of the Auditor General requesting details.

The Budget Office of the Federation in its response to the query claimed that it had written the Office of the Auditor General of the Federation requesting details for the four MDAs without response.

Due to the alleged failure of the budget office to present an approval for the payment of N19bn to the four MDAs, the Senate adopted the report of the Senate Public Accounts Committee on the matter asking for a refund of N19bn to the Nation’s purse.

The query is in the 2016 report of the Auditor General of the Federation which was submitted to the Senate for consideration.

The query by the Auditor General read in part, “Four MDAs were paid the sum of N19bn from the Service Wide Vote without the approval of the Honorable Minister of Finance, some of the payments were made on a purported verbal directive from the Director General.

“This act is against the financial Regulation 301 and 302 which state that ‘recurrent expenditure is paid from the CRF and no expenditure may be incurred except on the authority of a warrant issued by the Minister of Finance.”

It added, “Given the above, it is difficult to accept the payment to the MDAs as proper and legitimate charges against the public funds.

“The Director General should provide evidence of approval from the Minister of Finance for these expenditures or recover the sum of N19bn from the benefiting MDAs.”

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Budget Office of The Federation
  • MDAs
  • Senator Mathew Urhoghide
  • The Nigerian Senate
Previous articleDebt Servicing Increase By 14.68% In 2022 – DMO
Next articleInflation: Food Prices Still Very High – NBS
Economic Confidential
Economic Confidential
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.

Recent Posts

  • With Less than N10bn Budget, Immigration can’t Protect our Borders – Tunji Ojo 
  • NADF’s Commendable Drive in Enhancing Farmers Access to Finance in Nigeria, By Abdullahi Abdul
  • Trust, Identity and the Blockchain Road Nigeria Is Taking, By Fatimah Yusuf Usman
  • Dangote Refinery offers transport-free deliveries of Fuel to Marketers 
  • Why FCT Ground Rent Payments Surged
© Newspaper WordPress Theme by TagDiv