The Senate on Tuesday at plenary received the Annual Report of the Auditor General for the Federation on the alleged N3.3 trillion fraud uncovered from Ministries, Departments and Agencies of government.
The report which was presented by the Leader of the Senate, Senator Mohammed Ali Ndume, indicated an overview of the accounts of the federal government for the year ended December 31, 2014 in accordance with Section 85(2) and (5) of the 1999 Constitution as amended.
It would be recalled that the AGF, Mr Samuel Ukura, presented a copy of the report to the Clerk to the National Assembly, Alhaji Salisu Maikaswa, on Monday last week for onward presentation to both chambers. He gave highlights of how monies were diverted or spent by MDAs during the period under review.
According to the document, the Nigerian National Petroleum Corporation, did not remit N3,234577,666,791.35 to the Federation Account Allocation Committee in 2014.
Apart from this, the report stated that $235,685,861 being gas sales proceeds acruable to the Nigeria Liquified Natural Gas, was also not paid to the Federation Account, but rather, transferred to some undisclosed Escrow Accounts.
The report alleged that relevant documents were not made available to the office of the Auditor – General for verification.
It added that N36,432,423,968.73 was released to the Office of the National Security Adviser for the rehabilitation and construction of dams instead of the Federal Ministry of Water Resources.
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