Top Story

AGF to Minister Edu: Bulk funds should not be paid to private accounts

"Allocations are released to self-accounting MDAs in line with the budget and such MDAs are responsible for the implementation of their projects and payments for such projects. Beneficiaries of projects should be paid through their verified bank accounts

1k

The Accountant-General of the Federation (AGF), Dr Oluwatoyin Madein, has clarified that no bulk money should be paid into an individual’s account in the name of Project Accountant under the Federal Government’s financial regulations.

Madein said she did not carry out the request of Dr Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation to pay N585 million into a private account of a civil servant in the ministry because it violates the principles of accountability and transparency in the management of public finances.

The AGF was reacting to a memo that surfaced on Friday, alleging Edu of asking her to pay the sum of N585 million to Ms Oniyelu Bridget Mojisola, “Project Accountant” for the Renewed Hope Grant for vulnerable groups, a development that has generated outrage on social media.

A statement issued on Saturday by Mr Bawa Mokwa, the Director of Press in the AGF’s office, said: “Allocations are released to self-accounting MDAs in line with the budget and such MDAs are responsible for the implementation of their projects and payments for such projects.

“The AGF explained that although her Office received the said request from the Ministry, it did not carry out the payment.

“The Ministry was however advised on the appropriate steps to take in making such payments in line with the established payment procedure.”

According to the AGF, beneficiaries of projects should be paid through their verified bank accounts.

Madein restated her commitment to upholding the principles of accountability and transparency in the management of public finances.

“MDAs should always ensure that the requisite steps are followed in carrying out financial transactions.”

Leave a comment

Related Articles

Workers’ Day: Pres. Tinubu lauds workers’ fidelity to nation’s peace, development

President Bola Tinubu has praised Nigerian workers for their fidelity to the...

May Day: FG approves salary increase for civil servants

Ahead of Workers Day on May 1, the Federal Government has approved...

Zenith Bank shareholders approve bank’s restructuring to holding company

“The Founder and Chairman of Zenith Bank Plc, Jim Ovia, expressed his...

Pres. Tinubu meets Maersk Chairman, secures $600m investment in Nigerian Seaport Infrastructure

Tinubu meets Maersk Chairman, secures $600m investment in Nigerian Seaport Infrastructure President...

Fuel subsidy removal in Nigeria’s best interest, to reset economy –Pres. Tinubu in Riyadh

President Bola Tinubu has once again justified his administration’s decision to remove...

VP Shettima lauds Gov. Abiodun’s administration’s development drive

….. attendees include former President Olusegun Obasanjo, Attorney-General of the Federation and...

Breaking: Abeokuta gas tanker explosion claims four lives, ignites six vehicles

A gas tanker explosion in the Ita-Oshin area of Abeokuta, the Ogun...

Port Harcourt petrol tanker fire: Bereaved families to get govt. succour – Gov. Fubara

With about 70 automobiles consumed and five fatalities recorded in a petrol...

Jim Ovia is FG’s Nigerian Education Loan Fund’s board chair

President Bola Tinubu has approved the appointment of Mr. Jim Ovia, a...

Tinubu to Dutch PM: Nigeria’s lithium deposits can power world’s clean energy future

President Bola Tinubu says Nigeria’s high-grade lithium deposits are a catalyst for...

Breaking: Fire at Lagos airport, flights diverted

An early Thursday morning fire has been reported at the E54 Bridge...

Rainstorm damages Niger prison as 118 inmates escape

No fewer than 118 inmates of the Medium Security Custodial Centre in...

Bello withdrew $720,000 from state account for his children’s school fees – EFCC Chair Olukoyede

Ex-governor of Kogi State, Mr. Yahaya Bello, withdrew $720,000 from the state...

Just in: EFCC arrests Ex-Aviation Minister Sirika over alleged N8bln fraud

The Economic and Financial Crimes Commission has arrested former Minister of Aviation,...

Breaking: Dana airline crash lands in Lagos 

A Dana airline has crash-landed at the Murtala Muhammed International Airport, Ikeja....

Regional counter-terrorism centre for intelligence sharing, operational coordination, a must – Tinubu

President Bola Tinubu made a case on Monday for the establishment of...

Fleeing Binance executive arrested in Kenya, faces extraction to Nigeria this week

Kenyan police authorities have reportedly apprehended Mr. Nadeem Anjarwalla, an executive associated...

Tinubu opens African Counter-Terrorism Summit in Abuja on April 22

President Bola Tinubu will open the African Counter-Terrorism Summit on Monday, April...

Breaking: Nigerian chess master Tunde Onakoya breaks world record for longest chess marathon

The Nigerian chess master, Tunde Onakoya, has set a new Guinness World...

Update: Nigeria Immigration Service has put former Gov. Yahaya Bello on the watchlist

More woes for the former Kogi State Governor, Mr. Yahaya Bello, as...