Payment of public funds to personal accounts decreased by 94%
BudgIT, a civil protection organization dealing with budget and public finance, reports that payments of public funds to personal accounts fell 94.75%.
Chinwe Ume-Ujubuonu, BudgIT Program Manager; and Chinedu Bassey, program manager for the Civil Society Advocacy Center (CISLAC), released a statement on Sunday.
On December 9, 2019, the federal government launched an open treasury portal to increase the transparency and accountability of government spending.
In June 2020, a transparency portal and a quality assurance and compliance committee were established to address and resolve platform-related issues.
In a statement, BudgIT said it noticed progress in financial accountability on the Treasury portal, which has been open since the committee
Since the committee’s intervention, undescribed payments have dropped 50.98% from NOK 794,954,335.07 in approximately 28 transactions in August 2020 to NIS 389,718,618.47 in 24 transactions in January 2021, ”it said.
Similarly, payments to personal accounts in the amount of 2,962,536,395.77 N with 190 cases in August 2020 increased by 98.40 percent to 5,877,687 578.87 NN with 336 cases in December 2020.
“However, these payments fell 94.75% from December 2020 to 308,174,806.84 shekels, with 15 cases occurring in January 2021.”
The organization said that a list of 44 transactions from 16 ministries, departments and agencies (MDA) was submitted to a representative of the Independent Anti-Corruption Commission (ICPC) for further investigation in October 2020.
“Despite the ICPC’s intervention, we are seeing some sustained trends emerging in the Niger Delta Ministry and humanitarian affairs, with both having the largest share of defaults in the last quarter of 2020,” he said.
Gabriel Okeovo, executive director of BudgIT, has advised publishing a list of those who have been authorized to act as a deterrent to other government officials and officials.
Source: – Cable