Nigerian Government Flags N288 Billion Irregularities Under Former INEC Chairman Yakubu
The Nigerian government has flagged N288 billion financial irregularities under former INEC Chairman Mahmood Yakubu, involving irregular procurement processes, contractor payments, and failure to remit statutory deductions. The audit report highlighted issues such as non-compliance, weak internal controls, and unauthorized methods of procurement.
Payments to contractors were made without proper documentation, violating procurement regulations. The report also revealed discrepancies in payment amounts and failure to deduct mandatory charges.
INEC's management responded inadequately to audit queries, raising concerns about financial mismanagement.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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