✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Senate queries power ministry over N7bn

The senate has queried the Ministry of Power for allegedly spending N7 billion without appropriation by the National Assembly.

The senate has queried the Ministry of Power for allegedly spending N7 billion without appropriation by the National Assembly.

The query was contained in the 2015 report of the Auditor General of the Federation submitted to the Senate Committee on Public Accounts.

The committee, chaired by Senator Matthew Urhoghide, wondered how N7 billion appeared in the ministry’s account at a time when the 2015 budget had not been passed, while the account for 2014 was already closed.

The lawmakers observed that there was no evidence that such money was budgeted for in respect of hydropower transmission in either 2014 or 2015 fiscal years.

The query read in part: “The sum of N7 billion was received by the Ministry of Power in January, 2015, as shown in the accounts.

“This fund was spread into four commercial banks under the Account name: Hydropower Transmission Project.

“The budget for 2015 was not yet passed as at the time this money was received by the ministry in January, 2015, while the account for the year 2014 was already closed as at 31st December, 2014.

“It was also observed that there was no evidence that such money was budgeted for in respect of the Hydropower Transmission Project in either 2014 or 2015 fiscal years of the ministry’s Appropriation Act.”

But the Ministry of Power, in a written response, said: “The Federal Government released the money under special intervention fund to the ministry for the funding of Hydroelectric Power Project.

“The fund was released as special warrant and therefore was outside of the ministry’s approved budget.

“The Office of the Accountant General of the Federation approved project accounts for the fund in four different banks.”

 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

VAMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.