Home Topics Public Accounts
Senate Committee on Public Accounts has embarked on investigation of the Federal Mortgage Bank of Nigeria over payment of N14 billion for a contractor for the construction of 963 units of residential building called Legacy Estate without execution of the project.
The Senate Committee on Public Accounts yesterday summoned NICON Insurance Plc, AIICO Insurance and other insurance companies over their reported failure to remit N17.4 billion Pension Fund to Pension Transactional Arrangement Directorate (PTAD).
The Senate Committee on Public Accounts has queried the Financial Reporting Council (FRC) over the extra-budgetary expenditure of N258 million on personnel cost in the agency’s budget for 2017 fiscal year.
The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two hours to appear before it to explain. what led to the alleged disappearance of $9.5m interest accrued from Petroleum Profit Tax (PPT) investment.
The House of Representatives Committee on Public Accounts Thursday summoned the Nigerian Custom Service (NCS) over non-redition of the audited financial accounts to the office of the Audit General of the Federation between 2017 and 2019 financial years.
The Senate Committee on Public Accounts has directed the Financial Reporting Council of Nigeria to refund to the Federation Account, N66 million the agency paid as a two-year rent to secure an accommodation which it never occupied.
The House of Representatives Committee on Public Accounts, yesterday quizzed the new interim administration of the Presidential Amnesty Programme (PAP) led by Col. M. Dixon Dikio (rtd) over the N3.7 billion that was allegedly paid to ex-agitators and contractors.
The Senate Committee on Public Accounts, led by Senator Matthew Urhoghide, PDP, Edo South, which raised the alarm, said of the said amount, payment vouchers were raised for the sum of N113,558,372.85, leaving the sum of N2,772,214,120.42 unaccounted for.
The Senate Committee on Public Accounts yesterday threatened to issue warrant of arrest against the Permanent Secretary of the Federal Ministry of Foreign Affairs, Mr. Gabriel Adudua, for failing to appear before it over the investigation of N4.3 billion hidden vouchers by the ministry.
The Senate Committee on Public Accounts has invited the Accountant General of the Federation (AGF), Idris Ahmed, to appear before it to give details of the N57.6 billion grants released by the federal government in 2017.
Senate queries AGF over failure to disclose details of beneficiaries of federal government’s N57.6...
The Senate has taken a swipe at the Accountant General of the Federation, AGF, Idris Ahmed, over his failure to disclose details of N57.6 billion federal government grants.
The Nigerian National Petroleum Corporation (NNPC) and the Office of the Auditor-General for the Federation, on Tuesday, disagreed over non-remittance of N4.076trillion into the Federation Account.
The Senate Committee on Public Accounts has uncovered how the Nigerian National Petroleum Corporation (NNPC) paid N443 billion without appropriation.
The House of Representatives Committee on Public Accounts on Monday summoned the Minister of Finance, Zainab Ahmed; Director-General, Budget Office of the Federation, Ben Akabueze; and other officials of the Ministry of Finance to shed light on duty waivers granted to some companies.
The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
The House of Representatives has commenced investigation into the huge recurrent expenditure incurred by National Agency for Food and Drug Administration and Control, including the payment of N1.2 billion allowances to members of the National Youth Service Corps.
The Senate has confirmed the appointment of Mr. Adolphus Aghughu as the Auditor-General of the Federation (AuGF).
The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.
The House of Representatives Committee on Public Accounts yesterday expressed dismay over the failure of the Federal Mortgage Bank of Nigeria (FMBN) and Tertiary Education Trust Fund (TETFUND) to audit their accounts for five years, describing it as worrisome and gross violation of the 1999 Constitution (as amended).
The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm.
Senator Matthew Urhoghide, Peoples Democratic Party, PDP, Edo South led Senate Committee on Public Accounts, which raised the alarm and exposed the mismanagement of public funds in the Escrow Account, has also discovered that the renegotiation was carried out after two years from 0.02 to 2 percent per annum.
Workers’ umbrella body, the Nigeria Labour Congress (NLC), on Wednesday condemned reported moves by the Federal Government to adjust payrolls as part of measures to tame the expenses of running the country.
Inaugurating the committee, Ugwuanyi, represented by his deputy, Mrs. Cecilia Ezeilo, stated that the body is saddled with the mandate of developing and implementing programmes and policies for the prevention of gender-based violence in Enugu State, as well as “the rehabilitation of persons who still fall victim of gender-based violence despite all the preventive measures.”
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, in compliance with standing order of the House, has discharged several ad hoc committees set up to carry out various tasks, for failing to present their reports which was due at the end of April.
The Lagos State Governor, Babajide Sanwo-Olu, has promised to introduce 500 small new buses to the state by next week Thursday in a bid to provide alternatives to local motorcycles.
Vice presidential candidate of the People’s Democratic Party (PDP) in the last election, Peter Obi, has lamented the current nationwide insecurity, warning that unless drastic action is taken to contain it, the situation would degenerate into anarchy.
The Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday, said it was not the responsibility of the Federal Government to prosecute suspected kidnappers and bandits.
The Pharmacists Council of Nigeria (PCN) has sealed 561 pharmacies and patent medicine shops in 10 local government areas of Sokoto State.
The Chairman, All Progressives Grand Alliance (APGA) in Abia State, Augustine Ehiemere, said the party will no longer issue tickets to “political party gamblers”.
The President of the Senate, Ahmad Lawan, has felicitated with Nigerian workers as they join the rest of the world in commemorating the International Workers Day.
A former Ekiti State Governor, Chief Segun Oni, yesterday defended his aspiration to contest the 2022 governorship race in the state, noting that he was in the race to rescue the state from total collapse.