No fewer than N3.3 trillion massive fraud was uncovered by the Auditor General for Federation, Samuel Ukura [above] in some government agencies.
Out of the N3.3 trillion massive fraud, about N3.2 trillion of excess crude account was not remitted into the federation account in 2014 according report submitted to the Clerk of the National Assembly, Salisu Maikasuwa.
The report also exposed fraud of N10.4 billion in the National Assembly management in 2014.
According to Ukura, payments of N9.5 billion were made without raising payment vouchers at the management department which is a violation of financial regulation 601.
“Personal advances granted to 112 staff recurrent votes and 50 members of staff General Service vote from July to December, 2014 for various purposes all amounting to N1.2 billion.
Other agencies cut in web of fraud by the Office of Auditor General for Federation were Police Service Commission, foreign Mission, Nigeria Port Authority (NPA), Petroleum Equalisation Fund (PEF), Nigerian Prison Service, Federal Airport Authority (NPA).
The Auditor added that total payments amounting to N73.5 billion were made contrary to the established purpose of the funds.
The report reads,” The sum of N36 billion was released to the Office of the National Security Adviser for the rehabilitation and construction of Dams instead of the Federal Ministry of Water Resources.
“The Sum of N2.9 billion was spent for the procurement of hand sanitizer for schools and critical public places.
The sum of N31 billion was payment of subsidy on fertiliser and youth employment in Agriculture programme.
“The sum N2.4 billion was payment for group life Assurance Premium for Armed Forces Budget in 2013 but not cash backed.
“The sum of N500 million was payment for schools Agricultural programmes.
“From examination of NNPC mandates to CBN on domestic crude Oil sales and reconciliation statement of Technical Sub-committee of Federation Allocation Committee meeting held in January 2014 amount not remitted to FAAC was N3.2 trillion.
“Review of sales profile on sales of Gas to Nigeria Liquefied Natural Gas (NLNG) was not paid to the Federation Account but transferred to some undisclosed Escrow Accounts. Relevant documents were not made available for verification.”
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