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SERAP writes Buhari, seeks probe of ‘lacking N3.1bn in Ministry of Finance’

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Socio-Financial Rights and Accountability Venture has steered the President, Predominant Frequent Muhammadu Buhari (retd.), to “use his appropriate offices to reveal the Prison skilled Frequent of the Federation and Minister of Justice Mr Abubakar Malami, SAN, and acceptable anti-corruption agencies to review allegations that over N3bn of public funds are lacking, mismanaged or diverted from the Federal Ministry of Finance.”

The organisation acknowledged the allegations are documented in the 2018 and 2019 annual audited reports by the Auditor-Frequent of the Federation.

SERAP acknowledged, “Someone suspected to be responsible must quiet face prosecution as acceptable, if there is enough admissible proof, and any lacking public funds must quiet be fully recovered.”

Within the letter dated 24 December 2021, and signed by SERAP deputy director Kolawole Oluwadare, the organisation acknowledged, “The reports imply a grave violation of the final public belief. As trustee of public funds, the Ministry of Finance must verify strict compliance with transparency and accountability rules and regulations.”

In step with SERAP, “as a key agency of govt, the Ministry has a sacred obligation to verify transparency and accountability in the spending of the country’s resources. This means providing solid management in the efforts to curb public sector corruption.”

“This management is required for the Ministry to abilities the final public belief and self belief needed for its effectiveness and affect.”

SERAP acknowledged, “The allegations that N3,143,718,976.47 of public funds are lacking will furthermore clearly amount to a first-rate breach of nationwide anticorruption authorized pointers and the country’s international anticorruption tasks at the side of beneath the UN Convention against Corruption to which Nigeria is a divulge party.”

The letter, read in fragment, “Investigating and prosecuting the allegations, and convalescing any lacking public funds would make stronger the chances of success of your govt’s oft-repeated dedication to fight corruption and stop the impunity of perpetrators. It’ll furthermore befriend the final public hobby.”

“In step with the file of the Auditor-Frequent for 2018, the Ministry of Finance spent N24,708,090.00 on pre-retirement coaching but without any doc. The consultant employed furthermore failed to quote any impress as impress of the coaching however the Ministry paid N5,670,060.00 to the consultant. Question for fee from the consultant used to be dated 20 January 2017 while the first fee voucher in his favour used to be dated 13 January 2017 (7 days forward of his query).”

“The Ministry furthermore reportedly failed to anecdote for N2,885,772,493.27 launched to the Ministry from the Carrier Broad Vote to contend with estacodes and other allowances for representing the Federal Govt in meetings, and contribution to Organization for Petroleum Exporting Countries (OPEC).”

“The money used to be spent without approval and any documents. The Auditor-Frequent is anxious that the money also can merely were mismanaged.”

“The Ministry furthermore reportedly awarded a contract on 17th May well merely 2017 for N98,540,500.00 without any doc, contrary to the Public Procurement Act. The mission used to be no longer furthermore budgeted for. There used to be no proof of efficiency of the contract. The Ministry furthermore deducted N9,354,809.52 as WHT and VAT but without any proof of remittance. The Auditor-Frequent desires the money recovered.”

“The Ministry furthermore reportedly spent N98,759,299.20 between January–December 2017 without any doc, contrary to Financial Regulation 601.”

“In step with the 2019 file of the Auditor-Frequent, the Ministry paid N20,466,744.00 as money advances to workforce of ‘You-Preserve’ between 8 February and 18 December 2018 however the Ministry has failed to retire the money.”

“The advances were granted for the procure of store items, repairs and other companies and products that will were made thru the award of contract. Govt lost N2,046,674.40 which would private accumulated as taxes had these jobs been undertaken thru award of contracts. The Auditor-Frequent desires the money recovered.”

“The Ministry furthermore reportedly paid N15,471,850.00 to 2 consultants for capability constructing in Kano and Adamawa States but without any supporting doc, contrary to paragraph 603 (1) of the Financial Regulations. The Auditor-Frequent is anxious that the money also can merely were diverted, and desires it recovered.”

“SERAP notes that the penalties of corruption are felt by electorate on a day to day foundation. Corruption exposes them to extra costs, and undermines financial pattern of the country, trapping the massive majority of Nigerians in poverty and depriving them of employment opportunities.”

“We would possibly perchance presumably perchance well be grateful if the urged measures are taken internal 14 days of the receipt and/or newsletter of this letter. If we now private no longer heard from you by then, SERAP shall make a choice all acceptable correct kind actions to compel your govt to conform with our query in the final public hobby.”

The letter used to be copied to Mr Malami; Professor Bolaji Owasanoye, Chairman Impartial Unpleasant Practices and Other Connected Offences Charge (ICPC); Mr Abdulrasheed Bawa, Chairman, Financial and Financial Crimes Charge (EFCC); Mrs Zainab Ahmed, Minister of Finance, Funds and Nationwide Planning; and chairmen of the Public Accounts Committees of the Nationwide Assembly.

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