Auditor-General Reveals N3.62bn Irregularities at Power Institute
The Office of the Auditor-General for the Federation flagged N3.62bn in financial irregularities at the National Power Training Institute of Nigeria, Abuja, as detailed in the Auditor-General’s 2024 Annual Report on Non-compliance. The report covers the period from January 1, 2022, to December 31, 2023.
Key findings include N2.77bn in unremitted tender fees from bid documents, with no evidence of transactions provided for audit. Additionally, N547.21m was paid for store items without delivery evidence, raising concerns over potential misappropriation of funds.
The report also questioned N196.59m spent on three constituency projects in Ogun, Lagos, and Osun states, including payments for transformers and solar streetlights. Recommendations include the Director-General being accountable to the Public Accounts Committees of the National Assembly and recovering the funds, with potential sanctions for non-compliance.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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