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Audit report states that between 2014 to 2017, NNPC has been making unauthorized deductions from Federation Account amounting to a total of N4.5 Billion Naira.
While FIRS has made deductions in the same period amounting to N951 billion Naira.
WTF!
While FIRS has made deductions in the same period amounting to N951 billion Naira.
WTF!
Why is the FIRS making unauthorised deductions?
Why is the NNPC?
Whose signature is on the paperwork approving this?
Why is the NNPC?
Whose signature is on the paperwork approving this?
There's more.
Audit report shows that International travel/trainings without approval in 2014 - 2017 is N2.8 Billion Naira.
In 2017 alone, FUTA (yes the university) spent N168 Million naira on unapproved travel/training
CAC spent N2.19 billion & NHIS spent N172 million naira
Audit report shows that International travel/trainings without approval in 2014 - 2017 is N2.8 Billion Naira.
In 2017 alone, FUTA (yes the university) spent N168 Million naira on unapproved travel/training
CAC spent N2.19 billion & NHIS spent N172 million naira
In 2016, Federal University Otuoke paid out N514 million services not rendered/ contracts not executed.
In 2017, NECO paid N7.2 billion for SNR/CNE
UNN in 2014 paid out N182 million naira for SNR/CNE
In 2017, NECO paid N7.2 billion for SNR/CNE
UNN in 2014 paid out N182 million naira for SNR/CNE
The mismanagement or lack of accountability is in millions and billions and trillions.
So much money unaccounted for.
Nigerian Universities feature so prominently in this report. Federal University Otuoke appears so many times.
So much money unaccounted for.
Nigerian Universities feature so prominently in this report. Federal University Otuoke appears so many times.
There's no accountability, rampant mismanagement,
And this is just the tip because so many MDAs don't even bother submitting their accounts to the Auditor General for review.
I suppose their view is... if we don't submit, they won't see anything to talk about.
And this is just the tip because so many MDAs don't even bother submitting their accounts to the Auditor General for review.
I suppose their view is... if we don't submit, they won't see anything to talk about.
If we don't address these issues, it doesn't matter how much revenue we generate, Nigeria will still not develop.
It is akin to fetching water and pouring into a basket.
There must be established tough sanctions in place for people who mismanage public funds.
It is akin to fetching water and pouring into a basket.
There must be established tough sanctions in place for people who mismanage public funds.
Nigerian students are subjected to the most horrible learning environments but FUTO collected N45 million for installation of lecture seats and auditors could not confirm the supply of the seats.
So, what did they use the money for?
Who is accountable? https://twitter.com/Step_Up_Nigeria/status/1284165292478926848?s=20
So, what did they use the money for?
Who is accountable? https://twitter.com/Step_Up_Nigeria/status/1284165292478926848?s=20
Look at Fed Univ Otuoke using 4 million meant to provide scholarships for poor students to instead pay for hotel services and painting of buildings.
Painting buildings and denying deserving students access to education.
The wickedness. https://twitter.com/Step_Up_Nigeria/status/1284165292478926848?s=20
Painting buildings and denying deserving students access to education.
The wickedness. https://twitter.com/Step_Up_Nigeria/status/1284165292478926848?s=20
