N1.15trn Unauthorised Spendings: Akabueze Excited By 2017 Audited Report, Revelations

'Dotun Akintomide
Writer

Ad

Alleged Christian Genocide: Shehu Sani accuses Nicki Minaj of stoking tensions to appease Trump

By Obinna Uballa Former Kaduna Central senator, Shehu Sani, has issued a stern rebuke to Grammy-winning rapper Nicki Minaj, accusing her of exploiting Nigeria’s security challenges to win favour with United States President Donald Trump. His criticism comes amid a deepening diplomatic rift between Abuja and Washington over allegations of a “Christian genocide” in Nigeria.…

Tinubu postpones G20, AU-EU trips amid outrage over Kebbi abductions, Kwara church attack

By Obinna Uballa President Bola Tinubu has postponed his planned trip to South Africa and Angola following fresh security breaches in Kebbi and Kwara States that have heightened national anxiety. The President was scheduled to depart Abuja today for the 20th G20 Summit in Johannesburg and later proceed to Luanda for the 7th AU-EU Summit…

Why Big Oil Is Still Gushing Profits Despite Low Oil Prices

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3. Exxon’s breakeven has fallen to ~$40/bbl through automation and efficiency gains. Shell and TotalEnergies leveraged market volatility from new Russia sanctions, with trading profits soaring as Shell’s U.S. trading arm generated $1…

Ad

By Shakirudeen Bankole

Director-General of the Budget Office, Mr Ben Akabueze has expressed satisfaction over the 2017 audited report of the federation, saying such exercise is needed more frequently in the quest for probity in public governance.

The report, released by the office of the Auditor General of the federation, in conjunction with Socio-Economic, Rights and Accountability Project (SERAP), came with damning revelation on how N1.15 trillion was illegally withdrawn by revenue collection agencies from the federation account.

Out of the said amount, over N2 billion was said to have been unaccounted for by the MDAs during the year in review.

Speaking on Channels Television Sunrise Daily, Thursday, Akabueze, said the report has exposed leakages in the system and the need to further strengthen government’s financial infrastructures.

According to him, “the Report is indeed a good thing. One of the great things that would happen to the country in it’s journey to probity in public governance.

“However, we need to continue to experience such exercise more frequently so that the message of transparency and accountability in public office can be quickly entrenched in our system.

“For instance, we are talking of the 2017 Audit Report here. That was three years ago. And a lot more would have happened thereafter. So, there is need to continue to have a repeat of the exercise more frequently,” he added.

Meanwhile, the revelation from the audited report has sent the social media on frenzy, with many arguing that the report is a further validation of citizen’s lack of trust in the government.

Ad

X whatsapp