AGAIN? N6.4bn Monthly Fraud Uncovered On FG Payroll

The Presidential Initiative on Continuous Audit found discrepancies in the payroll of the Federal Government’s Ministries, Agencies and Departments to the tune of N6.4 billion monthly, the Head of the Continuous Audit Team, Mr Mohammed Dikwa, has revealed.

Looks like in Nigeria it was all about sharing the money.

Dikwa told newsmen in Kano on the sideline of the two-day National Revenue Retreat, organised by the Ministry of Finance that the amount was the true state of their findings as at June 30, 2016.

He said the federal government has thus been saved from paying that amount – N6.4b – monthly.

President Muhammadu Buhari had set up the Continuous Audit Team to look into the finance of government Ministries, Departments and Agencies to address the issue of ghost workers, over payment of allowances, fraud and embezzlement. It move is beginning to pay off.

“It is expected that by December 31, over N100 billion will be reduced from the budgeted personnel cost of the 2016 year,” he said.