“the absence of description of the purpose of funds released to MDAs makes it difficult to establish accountable expenditure.” For blatant neglect of accountability and Nigeria’s Open Government Initiative, the Human and ...
Read moreThe Ministry of Health spent ₦18 million instead of 4 million budgeted for the training;This act depicts a lack of value for money and the diversion of public funds;Not to mention it ...
Read moreAgricultural colleges found wanting for spending ₦721.35 million inappropriately;Research institutes could not defend its expenditure of ₦109.67 million;These actions contravene the Financial Regulatory Act of the Federal Government;Worse, though, some of these ...
Read moreThe teaching hospital refused to remit ₦333.3 million to the Consolidated Revenue Fund;Besides the danger it poses to Nigeria’s economic growth, it also circumvents Financial regulations;Expert demands deliberate legislation to battle recurring ...
Read moreThe Lagos University Teaching Hospital has deprived Nigeria over a billion in revenue;Non-remittance of Revenue into CFR poses a huge threat to the country's economic growth;Experts blame the Government, say procedural gaps ...
Read moreFailure to receive payment worth ₦974,100 for service rendered; Under remittance of revenue to the CRF and non-remittance of IGR amounting to ₦46.62 million;Refusal to deduct WHT and VAT amounting to ₦13.96 million;These ...
Read moreMDAs bled the country over ₦6.54 trillion in less than half a decade. The Office of the Auditor-General of the Federation (OAuGF) revealed how ₦6.54 trillion was unaccounted for by MDAs in ...
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In 2018, over ₦30 billion in five subsidiaries’ earnings went untaxed; Apart from the 5 subsidiaries, NPDC and PPMC owe FG ₦342 billion and ₦94 billion in tax debts; Experts call for ...
Read moreParent companies enjoy profits in the form of dividends from their subsidiaries; think of it like royalties or tribute to a Queen. The Nigerian Petroleum Development Company Ltd (NPDC), however, denied her ...
Read moreFor Today’s Numbers to Ponder, Nigeria ranks 97th position in a global survey of 117 countries on budget transparency. In the Open Budget Survey 2019, the country scored 21% in budget transparency, ...
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