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Home Economy

Reps summon 63 agencies for spending N2tn illegally

Business 360 by Business 360
November 15, 2022
in Economy
0
Nigeria needs $2.3tn to address infrastructure deficit-FG

The House of Representatives Committee on Public Accounts has summoned 63 institutions of the Federal Government for implementing budgets not presented by the President and passed by the National Assembly, leading to illegal spending totalling over N2 trillion.

Chairman of the committee, Oluwole Oke, also had written a letter to the Director-General, Budget Office of the Federation, Ben Akabueze, to demand evidence of appropriation by the National Assembly.

The President is expected to transmit budgetary proposals of MDAs to the National Assembly, while the clerk transmits passed budgets to the Presidency for implementation.

However, Buhari, while laying the 2023 Appropriation Bill before a joint session of the National Assembly on October 7, 2022, slammed committees of the parliament who were bypassing him and approving budgets for Government-Owned Enterprises without his approval.

The President had said, “Distinguished Senators, Honourable Members, you may recall that we earlier integrated the budget of Government-Owned Enterprises into the FGN’s 2019 budget submission. This has helped to enhance the comprehensiveness and transparency of the FGN budget. It has, however, come to my attention that Government-Owned Enterprises liaise directly with relevant NASS committees to have their budget passed and issued to them directly.

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