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Auditor-General flags ₦124.12bn procurement irregularities across federal MDAs

The Auditor-General for the Federation has uncovered contract and procurement irregularities valued at N124.12bn across several Federal Government Ministries, Departments and Agencies. The infractions ranged from irregular contract awards and violations of procurement due process to payments for jobs and contracts that were not executed or were not properly executed. The findings were contained in […]

featured Finance

Cash transfer office rejects Auditor-General’s ₦33.75bn fraud claims

The National Cash Transfer Office has pushed back against claims contained in a report by the Auditor-General for the Federation, which alleged that the Federal Government was unable to furnish sufficient proof that N33.75bn disbursed through electronic cash transfers actually got to genuine beneficiaries. In a statement released to The PUNCH on Wednesday, the NCTO […]