2,900 Payments Worth N51bn Paid Into Personal Accounts – BudgIT


BudgIT released a report on Thursday titled Open treasury “Nigeria’s Spending Platform: Review, Gaps and Recommendations”. It noted that the sums were paid into personal accounts, including several records with vague descriptions.

BudgIT discovered over 5000 payments without descriptions to the tune of N278 billion.

It found over 2,900 payment records totalling N51 billion paid into personal accounts with vague descriptions.

BudgIT has urged President Muhammadu Buhari to investigate the payment of government funds into personal accounts.

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This call was made after a study of the Open Treasury Initiative of the Federal Government.

The Buhari’s administration on December 9, 2019, launched the Open Treasury Portal.

The purpose is to increase transparency in government spending.

In one, N68m payment was made for “Ogunsuyi” and N15.8m for “international” as a description.

It called it a novelty in the pursuit of open governance, transparency and anti-corruption fight under Buhari’s Presidency.

APC spokesman, Lanre Issa-Onilu, in a statement said, “Those who want to do business with the government should understand that henceforth, everything would be done in the open.

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He noted that every Nigerian now has access to every naira the government is making, every naira it is spending and on what it is being spent.

“In the fight against public sector corruption, the OTP complements other initiatives such as the administration’s full implementation of the Treasury Single Account (TSA) which has increased the level of accountability and transparency in the financial resources of the government; stoppage of budget padding, contrary to what we witnessed throughout the 16 years of the Peoples Democratic Party (PDP) and pruning out thousands of ghost workers through the stricter implementation of Integrated Personnel Payroll System (IPPIS).

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