Finance
N2.77bn Service-Wide Vote: Lawmakers To Probe Ministry Of Finance


Lawmakers at the Red Chamber will begin a thorough investigation on how the Ministry of Finance spent the sum of N2.77 billion for Service Wide Vote.
The inquest launched by the Senate Committee on Public Accounts was predicated on the Office of the Auditor-General of the Federation (OAuGF) report which declared that the ministry received N2,885,772,493.27 in 2018 to take care of estacodes and other allowances of Federal Government’s officials taking part in conferences, and workshops including contribution to Organization for Petroleum Exporting Countries (OPEC).
OAuGF said out of the amount, payment vouchers were raised for the sum of N113,558,372 leaving the sum of N2,772,214,120 unaccounted for.
This, according to OAuGF was contrary to the Financial Regulation 601 which states that all payment entries in the cash book/accounts shall be vouched for on one of the prescribed treasury forms.
“Vouchers shall be made out in favour of the person or persons to whom the money is actually due. Under no circumstances shall a cheque be raised, or cash paid for services for which a voucher has not been raised,” it added.
However, the ministry’s Permanent Secretary, Aliyu Ahmed, told the Senate committee that he was not with the response to the query and pleaded with the panel to give him another time to appear before the lawmakers.
-



News4 days agoEnugu Raises Confidence as Gov Mbah Launches Hi-tech Drones, Equipment, Patrol Vans to Boost Security
-



Education5 days agoHelp Sphere Foundation Advocates National Values Reorientation in Courtesy Visit to NOA Headquarters
-



GRTech15 hours agoAt AfriTech 5.0, Tizel CEO Advocates Homegrown Cybersecurity Intelligence






