Budget padding: FG indicts 100 MDAs
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Budget padding: FG indicts 100 MDAs

The Federal Government has set up a probe panel into budgetary conducts of its Ministries, Departments and Agencies, MDAs, with a view to curtailing budget padding.

Already, Ministry of Finance has launched an investigation which has unearthed several billions of Naira inappropriately inserted into the 2017 budget by most MDAs, and has subsequently queried the affected establishments.

A source in the Budget Office told Vanguard, last night, that over 100 MDAs have been indicted, while most of them were summoned to meet with a committee headed by the Accountant-General of the Federation to realign their figures.

Among some of the MDAs involved are the Nigerian Ports Authority, Niger Delta Development Commission, Central Bank of Nigeria, Nigerian Deposit Insurance Corporation, Standards Organisation of Nigeria, Consumer Protection Council, The Pension Commission, National Insurance Commission, Nigeria Extractive Industry Transparency Initiative, Nigerian Communication Commission, National Emergency Management Agency and National Agency for Food and Drug Administration and Control, NAFDAC.

Vanguard, March 17, 2017


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