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Senate Says No Capital Allocation For MDAs Without Revenue Projections

Senate Says No Capital Allocation For MDAs Without Revenue Projections           The Senate has threatened to reject the capital and overhead proposals of federal ministries, departments and agencies which failed to accompany their 2022 budget estimates with revenue projections for the fiscal year. The red chamber said...

Senate Indicts 39 MDAs Over N2.2bn Payment Advances

Senate Indicts 39 MDAs Over N2.2bn Payment Advances           The Senate has indicted the Budget Office, the ministries of information, interior and 36 other federal agencies for allegedly failing to retire advances amounting to N2.2bn to the Federation Account. This is part of the Senate resolution after...

65 Govt Agencies Have Never Been Audited – Reps

65 Govt Agencies Have Never Been Audited - Reps       The House of Representatives Public Accounts Committee has said that 65 agencies have never been audited since they were created. Chairman of the committee, Oluwole Oke, said this at the opening of ‘National Workshop on Auditor-General’s Queries:...

Ibadan Disco Laments N8.5bn MDAs Debt

Ibadan Disco Laments N8.5bn MDAs Debt       Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by ministries, departments and agencies of government. IBEDC, which covers Oyo, Ogun, Osun and Kwara states as well as part of Kogi, Ekiti and Niger states, put the...

MDAs Couldn’t Account For N4.97trn In 2019 – Auditor-general

MDAs Couldn’t Account For N4.97trn In 2019 - Auditor-general       The Auditor-General of the Federation, Adolphus Aghughu, has said ministries, departments and agencies of the Federal Government failed to account for a total sum of N4.97tn in 2019. Aghughu said the MDAs failed to substantiate the sum...

House Begins 2022-2024 MTEF Hearing, List 83 MDAs

House Begins 2022-2024 MTEF Hearing, List 83 MDAs       The House of Representatives’ Committee on Finance will on Monday (today) begin an eight-day public hearing on the 2022-2024 Medium Time Expenditure Framework and Fiscal Strategy Paper. To appear before the committee are heads and officials of Federal...