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

Audit Queries: Reps Write Kyari, Summon 17 NNPC Subsidiaries   The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against...

Senate Panel Insists PEF Hasn’t Remitted Interest On Fixed N34bn     The Senate’ Committee on Public Accounts has insisted that the Petroleum Equalisation Fund, now Nigeria Midstream and Downstream Petroleum Regulatory Authority, must account for the bank interest on the N34bn placed in a fixed deposit...

Senate To AGoF: Sanction Officers Involved In $274.2m External Loan Losses       The Senate has asked the Accountant General of the Federation, Ahmed Idris, to identify and sanction his officers who were allegedly responsible for the $274.2m (N54.1bn) which Nigeria lost on external loans transaction. The red...

Senate Berates NSITF Management Over Alleged N84bn Embezzlement       The Senate on Monday berated the management of the Nigeria Social Insurance Trust Fund over an alleged misappropriation of N84bn within four years. The Senate Public Accounts Committee stated this while scrutinising the 2017 report of the Auditor...

Senate Demands Explanation On N7.5bn Withdrawals From Ahmed, NSA       The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an...