Over 250 billion dollars in public funds have disappeared, according to reports from the Federation’s Auditor-General, which the House of Representatives’ Public Accounts Committee has been concerned about.
Bamidele Salam, the committee’s chairman, made this known to journalists on Tuesday at the National Assembly in Abuja.
Salam claimed that the staggering sum hasn’t been properly recorded across numerous government entities despite audit reports.
He also brought up the alarming trend of more and more financial irregularities in public institutions.
REPs Committee Threatens To Rejected Licences Of Errant Quarry Operators.
According to him, the Auditor-General’s reports point to a high incidence of illegal activities and a rise in audit inquiries issued each fiscal year.
Source: Channels TV
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