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PENULTIMATE week, the Senate approved the 2015 report of its committee on Public Accounts which indicted 59 ministries, departments and agencies (MDAs) of the government, asking them to return over N300 billion to the Federation Account. In addition, it faulted the Nigerian National Petroleum Corporation (NNPC) over its non-remittance of N3.8 trillion realised from crude oil sales in 2015 alone while mandating the anti-graft agencies, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to go after the government officials responsible for diverting funds during the year under review. For over a year, the Senate Committee on Public Accounts had been investigating the expenditures by federal government agencies from 2015 – 2018 based on audit report by the Auditor-General for the Federation.
Buhari Signs N982Billion Supplementary 2021 Budget
Buhari Signs N982Billion Supplementary 2021 Budget
President Muhammadu Buhari Monday in Abuja signed a supplementary budget of N982.7bn for 2021 to address urgent security and COVID-19 needs of the nation.
The President signed the Supplementary Appropriation Act, 2021 in his office at the State House in the presence of Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari and Director-General, Budget Office of the Federation, Ben Akabueze and Senior Special Assistant to the President on National Assembly Matters (House), Hon. Umar el-Yakub.
According to a statement by Femi Adesina, of the amount, N123.3 million is for recurrent (non-debt) expenditure while the sum of the N859.3bn is for contribution to the Development Fund for the capital expenditure for the year ending on the 31
He assured that the executive arm of government would ensure the timely delivery of capital projects to achieve the laudable objectives of the budget.
A statement issued by Garba Shehu, Senior Special Assistant to the President on Media and Publicity said of the amount, N123.3 million is for recurrent (non-debt) expenditure while the sum of the N859.3bn is for contribution to the Development Fund for the capital expenditure for the year ending on the 31st day of December 2021.
The brief ceremony was attended by Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari, Director-General, Budget Office of the Federation, Ben Akabueze, and Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Hon. Umar el-Yakub.
Buhari Signs N982 7bn Supplementary Appropriation Bill into Law thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.