The Minister of Finance, Kemi Adeosun , has reacted to a PREMIUM TIMES report detailing how her ministry illegally approved N10 billion for the National Assembly.
The report, published on Friday, indicated that Mrs Adeosun released the billions to the lawmakers despite the N125billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.
The fund was arbitrarily approved for the lawmakers by the minister in collusion with the Accountant General of the Federation, Ahmed Idris.
Investigations by PREMIUM TIMES also showed that at least 44 of the 82 contractors the leadership of the National Assembly claimed they were owing were not registered on the National Database of Contractors, a database of the Bureau of Public Procurement (BPP). That means they are not eligible to be awarded federal contracts.
A further check by this newspaper revealed that 17 of the 44 firms were not even registered with the Corporate Affairs Commission (CAC).
In a statement by her media aide, Oluyinka Akintunde, Friday evening, the minister confirmed releasing the fund, but said her action remained legal.
Describing PREMIUM TIMES report as ‘defective,’ Mrs Adeosun claimed that warrants were issued before the billions were moved to the lawmakers.
“The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun , has been drawn to a smear campaign by an online medium, Premium Times, of “illegally sharing of N10 billion from the national treasury”.
“The Honourable Minister wishes to debunk the entire mischievous and made-up report of the online medium which negates the ethics and professionalism of journalism. The article displays a worrying lack of understanding of Appropriation, Payments and Control, and therefore be disregarded by the public.
“The Minister further wishes to state that warrants are issued in accordance with Appropriation and after due approval by the Cash Plan Committee chaired by the Minister.”
The statement however failed to explain the process of approval for such warrant.
The minister did not also address salient issues such as the release of funds outside the budget and award of contracts to unqualified companies.
Mrs Adeosun did not also explain why she failed to conduct further due diligence by asking for evidence that the contracts were duly awarded before she approved the funds for the lawmakers.
Another explanation the minister failed to make is why her ministry preferred to give N10billion of the N20billion allocated for the payments of federal contractors to the National Assembly which has a budget that covers all its recurrent and capital spendings
Woman Set Little Girl On Fire After Pouring Kerosene On Her (Photos below)
UNBELIEVABLE: Gunmen Suspected To Be IPOB Member Allegedly Kill 2 Police Officers, Burn Police Station (Details below)
Sunday Igboho Is Going Mad Already— Media User Blast Sunday Igboho After What He Said (Details below)
Buhari Is Not Ruling Nigeria, Ex-President Jonathan Declares, Reveals People in Charge (Details below)
EXPOSED: Buhari’s Instructions To The Military In The South- East Will Shock You (Details below)
Baba Ijesa Finially Speaks For The First Time From Detention, This is What He Said (Details below)
JUST IN: Nnamdi Kanu Releases Another Photo Evidence Of New Buhari (Photos below)
BREAKING: Buhari to jet out of Nigeria on Sunday
- Crime23 hours ago
Finally The Unknown Gunmen And Their Nurse In Rivers State Are Killed By The Rivers State Police Command In Oyigbo (Details below)
- Celebrity Gossip & Gist1 day ago
Nigerians React As Omotola Jalade Shares Throwback Photos Of Herself & Actor, William Uchemba When He Was Still A Boy (Photos below)
- News24 hours ago
We are no longer part of Nigeria, We won’t have anything to do with them again – Sunday Igboho claims After South-west governors Support (Details below)
- News2 days ago
Reno Omokri Reacts As President Buhari Disowns Son-In-Law