Wednesday, August 17, 2022
The Witness Newspaper
No Result
View All Result
  • Home
  • News
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • South Witness
  • World
  • Health
The Witness Newspaper
No Result
View All Result
Home Investigation

AGF Ahmed Idris, DMO DG, Patience Oniha in N2.2trn financial scandal

Gbemisola Ajiboye by Gbemisola Ajiboye
March 1, 2021
in Investigation
Anxiety as Nigeria’s debt rises by N191bn in three months, hits N33.1tn
Share on FacebookShare On WhatsappShare On Twitter

The Accountant-General of the Federation (AGF), Mr Ahmed Idris and the Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, are in fresh in trouble over the spending of N2.2 trillion allocation in the agency’s 2018 budget.

This is coming as the the House of Representatives has queried the AGF over the missing fund which the agency cannot explain.

READ ALSO

Bribery scandal allegedly rocks Seplat’s Mobil shares acquisition deal

How Providus Bank customer’s N559m fraudulently disappeared from account

The DMO said it did not get the money and that it was the OAGF that managed it.

Members of the House Public Accounts Committee, who quizzed the DMO’s Director of Finance and Accounts, Mrs. Feyi Olumide-Akinyemi, said it was wrong that the agency was appropriated money it could not account for.

AGF Ahmed Idris, DMO DG, Patience Oniha in N2.2trn financial scandal
AGF Ahmed Idris

The quizzing was part of the current investigative hearings into financial activities of the Ministries, Departments and Agencies (MDAs) following a query from the Office of the Auditor General of the Federation (OAuGF) over dwindling revenue to the government.

The DMO said although the figure was appropriated to it but that it could only account for N721,251,798, which was allocated to the office.

Mrs. Olumide-Akinyemi, who appeared with a colleague, said it was the Accountant General that was responsible for the fund, adding that the OAGF had made a case that it should be separated.

The DMO representatives said the money appeared on the agency’s account because it did a projection on the cost the country would bear.

“It does not come to our books; it does not come to our account; it does not reflect anywhere in our books. We do not have access to the other one. That is why we always say it should be separated.

“During each process, the Budget Office requires the DMO to give them a projection of interest payments. So, these are the interest projections we made that the government would bear on our domestic and external debts and then a provision to take care of local contractors, which is the sinking fund,” they said.

Committee Chairman Oluwole Oke was curious that the DMO could not account for the amount that was appropriated for it, which did not also appear in the Accountant General’s books.

Related Posts

Seplat’s $1.28bn acquisition of Exxon assets in disobedience of court order – A/Ibom govt
Investigation

Bribery scandal allegedly rocks Seplat’s Mobil shares acquisition deal

August 10, 2022
How Providus Bank customer's N559m fraudulently disappeared from account
Investigation

How Providus Bank customer’s N559m fraudulently disappeared from account

August 7, 2022
EFCC to quiz Jaiz Bank CEO, Usman, officials, over AGF’s alleged N109bn fraud
Investigation

EFCC to quiz Jaiz Bank CEO, Hassan Usman, others over AGF’s alleged N109bn fraud

August 3, 2022
Against Emefiele's claims, facts reveal NNPC remitted $2.7bn to its CBN accounts in six months
Investigation

Against Emefiele’s claims, facts reveal NNPC remitted $2.7bn to its CBN accounts in six months

August 2, 2022
How FG agency, BCDA paid multi-million naira for unexecuted borehole contract awarded to internet firm - Report
Investigation

How FG agency, BCDA paid multi-million naira for unexecuted borehole contract awarded to internet firm – Report

August 1, 2022
Court freezes Muhammadu Indimi’s Oriental Energy bank accounts over $1.5m debt
Investigation

$1.5m debt: Court freezes billionaire, Muhammadu Indimi’s Oriental Energy bank accounts

July 26, 2022
Next Post
BREAKING: Bauchi gov’s convoy involved in accident,10 policemen escape death

BREAKING: Bauchi gov’s convoy involved in accident

Leave a Reply Cancel reply

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

 


 

 

 

 

 

Categories

  • Business
  • Entertainment
  • Health
  • Investigation
  • Lifestyle
  • Opinion
  • Politics
  • Southern Witness
  • Sports
  • The Nation
  • The News
  • World

Recent Posts

  • APC will win all Southeast states in 2023 – Uzodimma boasts
  • Train attack: 27 people still in captivity – Gumi’s aide
  • Inflation: CBN raises savings interest to 4.2%
  • Nationwide blackout looms as electricity workers threaten indefinite strike
  • ASUU strike continues as meeting with FG ends in deadlock
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Copyright © 2022 The Witness Newspaper | All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • South Witness
  • World
  • Health

Copyright © 2022 The Witness Newspaper | All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.