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Audit Report Exposes Over N284bn Unapproved Spending By 256 MDAs
Audit Report Exposes Over N284bn Unapproved Spending By 256 MDAs....KINDLY READ THE FULL STORY HERE▶
The Office of the Auditor General of the Federation (OAuGF) has uncovered a significant breach of regulations, with approximately 256 Ministries, Departments, and Agencies (MDAs) of the Federal Government found to have violated laws and expended funds amounting to over N284 billion without proper approval in 2020………CONTINUE READING
This revelation was disclosed in the latest 2020 Audited Report on government finances submitted to the National Assembly by the OAuGF, shedding light on extensive financial mismanagement and unauthorized expenditures within various government entities.
According to the report, the MDAs, including prominent entities like the Office of the Surveyor-General of the Federation and the Airforce Institute of Technology, engaged in extra-budgetary spending, contravening legal provisions and financial regulations.
The submission of the audit report, though delayed beyond the constitutional deadline, emphasized the urgent need for transparency and accountability in government financial operations.
The report highlighted discrepancies such as unremitted revenues, unbudgeted expenditures, and lack of proper documentation for supplementary appropriations or approved virements, raising concerns about internal controls and fiscal discipline within the implicated MDAs.
Furthermore, the audit revealed instances where MDAs exceeded budgetary allocations for overhead expenses and personnel costs, with insufficient disclosure regarding the authorization of such expenditures.
The report’s findings underscore the imperative for robust budgetary and accounting systems to enhance internal control, accountability, and transparency within government agencies.
The OAuGF’s report serves as a wake-up call, urging authorities to enforce compliance with financial regulations and ensure proper utilization of public funds to foster fiscal responsibility and efficient resource management.
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Insecurity Will Soon Be Defeated, Akpabio Assures Nigerians
Senate President Godswill Akpabio has assured citizens that the federal government will soon overcome the nation’s security challenges through a renewed, proactive strategy by security forces.....KINDLY READ THE FULL STORY HERE▶
Speaking in support of President Bola Tinubu’s Renewed Hope Agenda, Akpabio emphasized that safety is vital for economic growth, noting that no local business or foreign investor can thrive in an atmosphere of chaos. He highlighted that security agencies have transitioned from a reactive stance to taking the fight directly to the enclaves of criminals, bandits, and insurgents.
Key highlights from his address include:
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Collective Responsibility: Akpabio stressed that military hardware alone cannot end criminality, urging citizens to partner with security agencies by providing timely and credible intelligence.
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Economic and Banking Resilience: He declared that Nigeria’s banking sector has shifted from survival to absolute dominance, becoming one of the safest and most technologically advanced in Africa.
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Reforms Yielding Results: He credited ongoing bank recapitalisation and financial reforms for ending the era where banks could suddenly collapse and cause depositors to lose their savings.
Ultimately, the Senate President maintained that a combination of proactive security operations, economic reforms, and civic cooperation will drive Nigeria’s path toward lasting recovery and national development.
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‘So Many In A Cell – Gov Bago Breaks Silence On Death Of 37 Miners In NSCDC Custody
Niger State Governor Mohammed Umaru Bago has addressed the tragic deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Minna.....KINDLY READ THE FULL STORY HERE▶
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Severe Overcrowding: Governor Bago confirmed that NSCDC holding facilities were severely overcrowded, stating that “so many [were] in a cell” designed for a much smaller capacity.
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Potential Causes Under Investigation: While highlighting the dangerous overcrowding, the governor also pointed to possible poisoning as a contributing factor, citing the victims’ foam-filled mouths and the presence of chemical substances at the arrest site.
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Accountability and Autopsies: The state government has suspended the NSCDC Commandant and his team. Investigations, including autopsies and toxicology reports, are being conducted by multiple agencies, including the police and DSS.
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Call for Calm: Governor Bago ordered the closure of the mining site in question and appealed to the public to remain calm and avoid unrest as the investigation proceeds.
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“POLITICAL BLOODSHED: Notorious Gunmen Assassinate Popular Enugu Politician In Midnight Ambush!”
Prince Ikechukwu Oloto, a well-known politician in Enugu State also known as Okanga Moo, has been brutally murdered by unknown attackers in Nsukka Local Government Area.....KINDLY READ THE FULL STORY HERE▶
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The Attack: Oloto was reportedly ambushed and killed on Thursday evening inside his residence located in the Odenigbo area of Nsukka.
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Confirmation: Social media influencer Sen. Chijinkem Ugwuanyi confirmed the tragic incident on Facebook, stating that the politician was brutally attacked and cut into pieces.
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Police Status: At the time of reporting, the exact circumstances surrounding the assassination remain unclear, and the Enugu State Police Command has yet to release an official statement.
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