Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Budget Office Breaks Silence On ‘Fake Agency’ Funds, Says No Money Was Released To Adeyemi
    • Without Financial Autonomy, INEC Cannot Be Truly Independent, Amupitan Warns
    • Jigawa Governor Ends 47-Year Nigeria-Niger Farmland Dispute, Allocates New Lands To Affected Farmers
    • Troops Arrest Five Suspected Kidnappers In Yobe, Recover Arms, Ammunition
    • Supreme Court Affirms Governor Oyebanji’s Nomination, Dismisses Aggrieved Aspirant’s Appeal
    • Appeal Court Unfreezes Aisha Achimugu’s Bank Accounts, Voids 15-Month EFCC Freeze
    • US Imposes 12.5% Tariff On Nigerian Imports Over Forced Labour Concerns
    • Tinubu Declares Nigeria Entering ‘Golden Era’ As Northeast Leaders Endorse 2027 Re-Election Bid
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    • HOME
    • NEWS

      Budget Office Breaks Silence On ‘Fake Agency’ Funds, Says No Money Was Released To Adeyemi

      July 24, 2026

      Without Financial Autonomy, INEC Cannot Be Truly Independent, Amupitan Warns

      July 24, 2026

      Jigawa Governor Ends 47-Year Nigeria-Niger Farmland Dispute, Allocates New Lands To Affected Farmers

      July 24, 2026

      Troops Arrest Five Suspected Kidnappers In Yobe, Recover Arms, Ammunition

      July 24, 2026

      Supreme Court Affirms Governor Oyebanji’s Nomination, Dismisses Aggrieved Aspirant’s Appeal

      July 24, 2026
    • COLUMN

      Collapse After A Landslide: Starmer’s Fall May Not Be The Last – By Azu Ishiekwene

      July 24, 2026

      The Dangerous Price Of Chasing Soft Life – By Boma West

      July 22, 2026

      Of Banditry And A Shared Sovereignty (3) – By Dr Hassan Gimba

      July 20, 2026

      The Nigerian Elite’s Insatiable Greed – By Kazeem Akintunde

      July 20, 2026

      Between Bola Tinubu And Lionel Messi – By Martins Oloja

      July 20, 2026
    • EDUCATION

      FG Names Prof. Adamu Acting Vice-Chancellor To Steer UniAbuja For Three Months

      August 9, 2025

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024
    • INTERNATIONAL

      Israel Strikes Gaza After Displacement Orders, Kills Two Palestinians

      July 24, 2026

      US Bombs Iran For 13th Straight Night As Trump Threatens Threatens ‘Bigger’ Attacks

      July 24, 2026

      Trump Threatens To Bomb Iranian Bridges, Power Plants Over Ship Attacks

      July 23, 2026

      US Reports Over 1,400 Infections In Cyclospora Parasite Outbreak

      July 23, 2026

      US Bombs Iran For 11th Straight Night As Trump Threatens Nuclear Site Attack

      July 22, 2026
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      Tuggar Vs Pate: Two Ministers, One Seat, And A Defining Political Test For Bauchi 2027

      March 22, 2026

      ADC Leadership Crisis Deepens As Bala Writes INEC To Sack David Mark, Aregbesola

      March 22, 2026

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024
    • SPORTS

      How Afrobeats Became Nigeria’s ‘Winning Team’ At 2026 FIFA World Cup

      July 24, 2026

      Arsenal Set To Make £70m Bid For Newcastle’s Captain Guimaraes

      July 24, 2026

      Nigeria To Host CAF General Assembly In November, President Motsepe Confirms

      July 24, 2026

      One Year After, Super Falcons Yet To Receive $100,000, Houses, National Honours For WAFCON Triumph

      July 23, 2026

      Spain Lead FIFA World Cup Best XI As Cape Verde’s Vozinha Earns Place

      July 23, 2026
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    Home - I Inherited N3.2bn Debt When I Assumed Office, NAFDAC DG Says

    I Inherited N3.2bn Debt When I Assumed Office, NAFDAC DG Says

    By Maryam GarbaAugust 9, 2024
    NAFDAC Boss

    The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye has claimed that she inherited a debt of ₦3.2bn, while ₦500m was unaccounted for upon her resumption in the office.

    NEW UBA

    She disclosed this on Channels Television’s Inside Sources on Friday.

    NNAMDI

    According to Adeyeye, such debt and missing funds were enough to declare the agency bankrupt if it had happened in a developed country such as the United States.

    Ad 19
    Ad 20

    She said, “When I got to NAFDAC, I met N3.2b Debt, and N500m missing and there was no account for it before I came.

    “I asked them if they had capital projects they used the money for. Bear in mind that at that time, ₦1 million was equivalent to $2000. So multiply $2000 by ₦500m. I was coming from the US where money was hard to get. You worked hard for your money. I could have given up but I saw an opportunity and I seized it.

    “It was tough because if that had happened in the US, NAFDAC would have been declared bankrupt, and a financial house would have taken over the management of our finances. But I didn’t have money to hire a financial house.

    “My point is that we have enough endowment in this country to make things better, and I am using NAFDAC as an example.

    “I said I was going to cut to the bone. I am going to be using technology to ensure that our system moves on.

    “We started Zoom meetings in 2018. Many people didn’t like because it they were used to getting travel allowances and DTAs. But we had to save.”

    Nigerian TAX Reform - Federal Goverment

    Commenting on the #EndBadGovernance nationwide protest on hunger and hardship, she said the challenges were a reflection of six decades of decadence.

    “The situation in our country is a reflection of a six-decade of decadence. I was young when we got our independence, and I knew the Nigeria that worked.

    “We left the country for further studies in 1980, and we were part of those who fought for the democracy of this country. My husband and others fought for the democracy of this country. My husband with the current president of this country, President Bola Tinubu fought for independence. Some of them had broken homes. Some of them and others in the diasporas were always going to beg others to help us and deliver us from military rule then.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    “At some point, a friend of mine asked me, “Aunty Moji, is something wrong with you and your husband?” Because he was teaching on Tuesdays and Thursdays, and those were the days he was present at home. He was always going with other leaders of Nigeria to beg other countries to help us. So I take whatever is happening now personally.

    “That was what made him come back home in 2002 after 22 years. He was an interim chairman of his local government, and people were shocked at what happened to Ifedayo Local Government Osun State within one year.

    “Before he came, there was no light in his local government for six months. He brought light. There was no water for 17 years, he brought water.

    “He was knicker to work, and they told him he was supposed to be wearing Agbada. It was the best job he ever did.

    “So, I take whatever is happening now personally. I was there for 37 years because I had to take care of the children. Both of us couldn’t come. He and others sacrificed a lot for the pro-democracy movement. After 37 years, I came back and of course, my profession is pharmacy. I was a professor for 30 years. I retired from the US system and came back to a country I couldn’t recognise anymore in terms of our values, state of our pharmaceutical industry, quality of medicines, and generally healthcare delivery.

    “That’s why I said what is happening now is a result of six decades of decadence.

    “I had thought of the new national anthem that says “in peace and plenty”. We are not looking for the Ethiopian system of government. It cannot happen. However, our people deserve the best within the context of our resources.

    “But our values have gone, and it started from the home. If the parents are not doing what they should do, if the church and mosque are not doing what they are supposed to do, and if the schools are not the way they should be…it goes right up to the highest level of functionality of society.

    “So what is happening now is very painful for me. I am a realist because, after 37 years abroad and coming back home, the reality is there that you have got to sacrifice. We were very comfortable in the US. But it is not all about comfort, but about making a significant impact in society.

    “In peace and plenty may Nigeria be blessed. We cannot be blessed without a transparent society.

    “We cannot be blessed if we have corruption. Corruption has eaten into the fibre of the society,” she said.

    Debt N3.2bn NAFDAC
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Budget Office Breaks Silence On ‘Fake Agency’ Funds, Says No Money Was Released To Adeyemi

    July 24, 2026

    Without Financial Autonomy, INEC Cannot Be Truly Independent, Amupitan Warns

    July 24, 2026

    Jigawa Governor Ends 47-Year Nigeria-Niger Farmland Dispute, Allocates New Lands To Affected Farmers

    July 24, 2026

    Troops Arrest Five Suspected Kidnappers In Yobe, Recover Arms, Ammunition

    July 24, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    Budget Office Breaks Silence On ‘Fake Agency’ Funds, Says No Money Was Released To Adeyemi

    July 24, 2026

    Without Financial Autonomy, INEC Cannot Be Truly Independent, Amupitan Warns

    July 24, 2026

    Jigawa Governor Ends 47-Year Nigeria-Niger Farmland Dispute, Allocates New Lands To Affected Farmers

    July 24, 2026

    Troops Arrest Five Suspected Kidnappers In Yobe, Recover Arms, Ammunition

    July 24, 2026

    Supreme Court Affirms Governor Oyebanji’s Nomination, Dismisses Aggrieved Aspirant’s Appeal

    July 24, 2026
    Advertisement
    News Point NG
    © 2026 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp