Senate Directs AGF to Sanction Officials Involved in Alleged Mismanagement of $274.2 million

The Senate has uncovered how some officials of the Office of Accountant General of the Federation made Nigeria to lose difference of $274.2 million on external loan.

The upper chamber has therefore asked the Accountant General of the Federation, Ahmed Idris, to identify the officers responsible and sanction them for mismanagement of public fund in accordance with Rule 3115 of the Financial Regulations and for gross misconduct. The query to Accountant General of Federation from Auditor General of Federation titled ;” Inconsistent Exchange Loss Difference on External Loans” which was contained in the 2015 report of the Auditor-General of the Federation which the Senate upheld at plenary reads:

“Also, the criteria for arriving at the exchange loss difference of $274.2 million was not disclosed.

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Its like been a judge over your own case

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