SERAP gives FG 14 days ultimatum to probe missing N300bn

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SERAP gives FG 14 days ultimatum to probe missing N300bn
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Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to direct the Attorney General of the Federation..

Socio-Economic Rights and Accountability Project has asked President Muhammadu Buhari to direct the Attorney General of the Federation and Minister of Justice, Abubakar Malami , and appropriate anti-corruption agencies to investigate allegations of missing N300 billion public funds.

In the letter dated July 4, 2020 and signed by SERAP Deputy Director, Kolawole Oluwadare, the organization said the 2017 audited report reveals grim allegations of mismanagement, diversion and stealing of public funds, as well as unaccounted-for spending. The letter, read in part: “It would also mean that Nigeria is failing to fulfil the obligations under the covenant to use its “maximum of available resources” to progressively realize and achieve basic economic and social rights, including access of Nigerians to public services and goods like quality education, healthcare, clean water and regular electricity supply, as well as the right to honest public services.

“The Ministry of Foreign Affairs failed to show any receipts for the payment of ₦4,385,230,763.25 between January and December 2016. The Ministry also had no insurance cover for all its motor-vehicles, despite the budgetary allocation of ₦11,805,802.00 for insurance premium. The Ministry spent ₦105,000,000.00 to buy computer consumables, photocopy machine consumables, papers and other store items, contrary to official circular, and without any receipts.

“The Ministry of Justice disbursed ₦10,460,950,841.00 judgment debt in 2017 without due process. The committee to manage the funds was dissolved after 2013 financial year was not reconstituted as at the time of the 2016 and 2017 appropriations but funds were nonetheless disbursed. Also, ₦32,353,693.00 was spent between March and September 2017 on international travels without approval or evidence of spending. The AGF recommended the full recovery of public funds.

“The Lower Benue River Basin Development Authority, Makurdi misappropriated ₦42,277,285.50 of contract money for project management. Similarly, the National Agricultural Extension and Research Liaison Services, Ahmadu Bello University, Zaria paid a contractor ₦33,425,000.00 in March 2017 for awareness training but there was no evidence that the contract was executed.

“The Ecological Funds Office misappropriated ₦1,257,791,992.86 meant for contract for Canalization and Desilting of OKOKO and Ogbagba Rivers in Osogbo Township, Osun state. There was no evidence that ₦30,000,000.00 meant for compensation to owners of marked-to-demolish structures and economic trees affected by the project, received any payment. The AGF expressed concerns that the money may be missing and asked the Permanent Secretary to recover it.

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