The recent allegation of a misappropriation of external loans by officials in the Office of the Accountant General of the Federation to the tune of US$274.2 million or approximately N54 billion smells sour and very disturbing. For one thing, it seems to indicate a culture of mismanagement of loans meant for public purposes; and for another, it signposts a failure of the Buhari government’s anti-corruption campaign. Either or both ways, the revelation is damning for government.
This pilfering of public resources may not be peculiar to the Office of the Accountant General of the Federation.
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