Payment Of Public Funds Into Personal Accounts Has Declined By 94%

BudgIT, a civic advocacy organisation focused on budget and public finance issues, says the payment of public funds into personal accounts has declined by 94.75 percent.

Chinwe Umeh-Ujubuonu, BudgIT program manager; and Chinedu Bassey, program manager at Civil Society Legislative Advocacy Centre (CISLAC), released a statement announcing this on Sunday.

The federal government, on December nine, 2019, released the open treasury portal to boom transparency and duty in authorities spending.

A transparency portal and nice assurance and compliance committee were set up in June 2020 to review and clear up troubles associated with the platform.

In its declaration, BudgIT stated it noticed progress in financial accountability at the open treasury portal for the reason that committee
Since the committee’s intervention, bills without description have reduced by 50.98 percentage from N794,954,335.07 in about 28 transactions in August 2020 to N389,718,618.Forty seven with 24 transactions in January 2021,” the statement examine.

“Likewise, bills to personal money owed which amounted to N2,962,536,395.Seventy seven with one hundred ninety occurrences in August 2020 rose with the aid of ninety eight.40 percentage to N5,877,687,578.87 with 336 occurrences in December 2020.

“However, these payments have reduced by using 94.75 percent from December 2020 to N308,174,806.Eighty four with 15 occurrences in January 2021.”

The organization stated a list of forty four transactions from sixteen ministries, departments and agencies (MDAs) have been exceeded over to Independent Corrupt Practices Commission (ICPC) representative for similarly investigation in October 2020.

“Despite ICPC’s intervention, we determined a few regular developments emerging from the ministry of Niger Delta and humanitarian affairs with both having the biggest share of defaulters within the ultimate region of 2020,” it said.

Gabriel Okeowo, BudgIT’s essential lead, advised that a listing of those sanctioned must be published to function a deterrent to different civil servants and public office holders.