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Friday, March 14, 2014

Reps Uncover Fresh Missing N35bn!

For your information guys, more revelations by the House of Representatives Committee on Public Accounts indicated on Thursday that the Office of the Head of Service of the Federation (OHSF) could not account for N35bn it collected from the Service Wide Vote within nine years.

While the records of the Budget Office of the Federation showed that the OHSF received N52bn between 2004 and 2012, the Permanent Secretary, Mr. Remi Adelakun, admitted only N17.6bn.

The committee, which is chaired by Mr. Solomon Olamilekan, insisted on Thursday that Adelakun must 
explain how the N35bn was spent.

At Thursday’s session, the permanent secretary and officials of the budget office had disagreed over how much the latter released to the OHSF. The records of the budget office showed that in 2004, the OHSF received N2.7bn;
  • N9.8m in 2005; 
  • N701.7m in 2006; 
  • N896.3m in 2007; 
  • N5.3bn in 2008 and another N612.9m; 
  • N70m in 2009.
  • For 2010, the figure was N17.6bn; 
  • in 2011, it was N13.6bn 
  • and N8.5bn in 2012.
However, the OHSF admitted the N17.6bn released in 2010. Olamilekan ruled that the permanent secretary must produce documents on how the balance of over N35bn was utilised within two weeks.

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