• About Us
  • AKIP
  • Live TV
  • Our Programs
  • Latest News
    • Church News
    • Politics
    • World News
    • Security
  • Airtime
  • From GM’s Desk
  • Church of Nigeria
  • Contact
Facebook Twitter Instagram
  • AKIP
  • From GM’s Desk
  • Live TV
Facebook Twitter Instagram
Advent Cable Network Nigeria Advent Cable Network Nigeria
  • Home
  • About Us
  • AKIP
  • Latest News
    • Church News
    • Politics
    • Security
    • World News
    • Sports
  • Live TV
  • Our Programs
    • Airtime
  • Support JGIYC
    • Church of Nigeria
  • Contact
Donate
Advent Cable Network Nigeria Advent Cable Network Nigeria
Home»News»2020 budget manipulation: ICPC mops up N142bn, indicts 51 health institutions
News

2020 budget manipulation: ICPC mops up N142bn, indicts 51 health institutions

ACNN TVBy ACNN TVFebruary 18, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp

The Independent Corrupt Practices and other related offences Commission, ICPC, said yesterday it successfully mopped up excess cash totaling N147 billion which some Ministries, Departments and Agencies, MDAs, illegally diverted from the 2020 budget as personnel cost. Chairman of ICPC, Prof. Bolaji Owasanoye, SAN, who disclosed this at a one-day interactive session with directors of finance and accounts, as well as internal auditors of key agencies of the federal government, added that investigation by the commission also revealed that 51 health sector Institutions were involved in budget manipulations.

According to him, a summary of findings from the 51 health sector Institutions showed that they had, among other things, engaged in padding of nominal rolls, widespread misuse of personnel cost allocation on non-personnel related expenditure, especially on outsourced services, to the tune of N4.5 billion, and fraudulent diversion of funds through manipulation of account numbers of beneficiaries on the GIFMIS platform. He said ICPC found that the institutions had unspent excess balances to the tune of N4.86 billion despite abuses and misuse of their budgetary allocation.

Prof. Owasanoye noted that ICPC had, as part of its 2019 System Study and Review of MDAs, also mopped up N42 billion (personnel cost), after it was issued a warrant to do so by the Minister of Finance.
“The Minister of Finance, through findings of the commission of the wrong application of personnel cost on overhead and capital item, issued a negative warrant to mop up excess cash in the personnel cost of the MDAs to forestall further misapplication of funds.

“Similar Warrant was issued in 2020 totaling N147 billion which was a huge savings to Government.
The Year 2020 has been a challenging year with the devastating effect of COVID-19 leading to low revenue, low crude sales, low economic activities and recession among others, hence the importance of blocking leakages and wastages within the system,” the ICPC boss added.

He said the commission, as part of its statutory mandate, had in the past few years been conducting systems study and review of MDAs.
“The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption.

“To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on our public resources.” “In addition, the review also targets

Vanguard News Nigeria

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp

Related Posts

Only God Exalts, Not Money, Venerable Dajur Charges Christians at Harvest

November 5, 2023

AACC 12th Assembly LOC Takes Awareness to Churches in Abuja

November 3, 2023

All Africa Conference of Churches (AACC) to Hold its 12th General Assembly and 60th Anniversary in Nigeria

November 3, 2023
Add A Comment

Leave A Reply Cancel Reply

Recent Posts

Only God Exalts, Not Money, Venerable Dajur Charges Christians at Harvest

November 5, 2023

AACC 12th Assembly LOC Takes Awareness to Churches in Abuja

November 3, 2023

All Africa Conference of Churches (AACC) to Hold its 12th General Assembly and 60th Anniversary in Nigeria

November 3, 2023

You Are Still One of Our Children: Primate Ndukuba Hosts the Leadership of C&S Church Worldwide

October 26, 2023

Pakistan Court Denies Kidnapped Christian Woman’s Request To Return To Family

October 10, 2023
Advent Cable Network Nigeria

ACNNTV is the Televangelism arm of the Church of Nigeria (Anglican Communion) with focus to keep the orthodox faith alive through development of inspiring and life changing broadcast products.

Facebook Twitter Instagram
Quick Links
  • About Us
  • AKIP
  • Board of Management
  • Contact
  • Privacy Policy
Quick Links
  • Our Programs
  • Program Rates
  • From GM’s Desk
  • Live TV

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 Anglican Cable Network Nigeria,Abuja. Designed by Dominion Web.

Type above and press Enter to search. Press Esc to cancel.