The Chairman of the Finance Committee of the Senate, Senator Sani Musa, has warned government-owned agencies that fail to provide proper expenditure records from the 2024 fiscal year.
Speaking at an Investigative hearing on Monday, Musa said allocations will be withheld from agencies that fail to comply with the directive.
The committee expressed dissatisfaction with the centralised payment system managed by the Office of the Accountant General, head by Oluwatoyin Madein, citing irregularities in the expenditure records of some agencies.
The investigative hearing focused on the remittance of internally generated revenue, fiscal accountability, and the overall state of Nigeria’s financial management system.
While presenting a summary of federal government revenues up to September 2024, the Accountant General of the Federation reported – Independent revenue: ₦2.7 trillion; Operating surplus…
Read More
