Breaking: BudgIT NG Uncovers Over 5000 Payments Without Descriptions Worth N278bn, And Over 2900 Payment Records Totalling N51bn Paid Into Personal Accounts

by on June 5, 2020

“There is a discrepancy between the figures noted as “2019 Budget” and the budget figure as contained in the 2019 Appropriation act without any explanation provided for this
discrepancy”— BudgItNG revealed yesterday.

BudgIT is a Nigerian civic organisation that applies technology for citizen engagement with institutional improvement to facilitate societal change, with special focus on Public finance.

Their Press Statement reads:

On the 9th of December, 2019, the Federal Government launched the Open Treasury Portal for the purpose of increasing transparency in government spending.

“One of many red flags we found on the portal – A whopping 2.04billion naira payment into a personal account with no description.
Is this acceptable? Is there any explanation for this?” BudgetNG said.

The financial assessment Company continues:
“While some of these payments appear to be duplicates (e.g. with the same amount paid), others reflect different payment amounts made to the same beneficiary on the same day with different amounts and with the same descriptions.

Why are large payments being made to personal accounts as opposed to company accounts?
Since government contracts are with companies, the
expectation is that payments are likewise made to companies and not individuals. Where this is not the case, an explanation is required to ensure full transparency.

One of such payments is that of N 157m, made to an individual account with the description “For transfer to NCDC for emergency Lassa Fever Response’’ which begs the question of why the beneficiary account did not read “NCDC”.

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