Connect with us

    Hi, what are you looking for?

    Politics

    Reps Uncover Over N100bn in Financial Infractions Across 31 MDAs

    Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and Other Related Offences Commission, ICPC, have been petitioned to investigate 31 ministries, departments and agencies, MDAs, of the Federal Government indicated by the House of Representatives Committee on Public Accounts for financial infractions to the tune of N103.8 billion and $950,912.

    The Paradigm Leadership Support Initiative, PLSI, made the call on Wednesday in a statement posted on X.

    The petition followed the completion of a comprehensive review of the Auditor-General’s reports for 2019 and 2020 by the Public Accounts Committee, headed by Bamidele Salaam.

    PLSI backed the House Committee’s resolution, which indicted 31 MDAs for financial infractions.

    It further urged the anti-graft agencies to move swiftly to recover the unaccounted funds, largely bothering on procurement violations.

    “This marks the first time since Nigeria’s return to democratic rule in 1999 that the federal legislative arm has completed such a comprehensive audit oversight—an important milestone for transparency, accountability, and democratic governance.

    “We welcome the resolution by the House of Representatives to indict in financial infractions.

    “Following the resolution of the Parliament, PLSI will petition the EFCC and ICPC to move swiftly to recover the unaccounted funds, bordering largely on procurement violations, internal control failures, unauthorised expenditures, and mismanagement.

    “PLSI will ensure anti-corruption agencies do the needful to recover the funds,” PLSI stated.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Operatives of the Nigeria Police Force smashed a sophisticated cybercrime ring Wednesday, arresting six suspects accused of hacking a major telecommunications company and looting...

    News

    Nigerian naira strengthened to a record high of about ₦1,400 to the US dollar at the official market during midweek trading, continuing an appreciation...

    News

    Facebook will be live at the 2026 African Creators Summit, delivering immersive on-ground experiences designed to connect with and empower Africa’s growing creator ecosystem....

    News

    Nigerian Communications Commission (NCC) has rolled out a new ₦250,000 application fee for companies seeking temporary approval to test innovative telecom services, aiming to...