Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Prof Mahmood Yakubu: The Controversy Behind Tinubu’s Most Debated Ambassadorial Nominee
    • Defamation: Senate President Slams Natasha With fresh N200bn Lawsuit
    • You’re Enemies Of Democracy, PDP Slams Defecting Rivers Lawmakers
    • Wike Sacks FCT-IRS Acting Chairman
    • General Musa’s Bold Talk And Nigeria’s Harsh Reality – By Jonathan Nda-Isaiah
    • ‘Make Osimhen Captain Now!’, Fans Push Hard After Ekong’s Exit
    • FULL LIST: Argentina, Spain Handed Kind Draws For 2026 World Cup
    • Israel Has Violated Gaza Truce Nearly 500 Times In 44 Days, Killed Hundreds
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    • HOME
    • NEWS

      Defamation: Senate President Slams Natasha With fresh N200bn Lawsuit

      December 6, 2025

      You’re Enemies Of Democracy, PDP Slams Defecting Rivers Lawmakers

      December 6, 2025

      Wike Sacks FCT-IRS Acting Chairman

      December 6, 2025

      US Supreme Court To Consider Trump’s Bid To End Birthright Citizenship

      December 6, 2025

      Pregnant Woman Dies In Katsina After Health Worker Allegedly Rejects Bank Transfer

      December 5, 2025
    • COLUMN

      General Musa’s Bold Talk And Nigeria’s Harsh Reality – By Jonathan Nda-Isaiah

      December 6, 2025

      A Troubling Message From Guinea-Bissau – By Azu Ishiekwene

      December 5, 2025

      Abductions, School Closures And Governors’ Inertia – By Zainab Suleiman Okino

      December 4, 2025

      Fear Is The Price Of Leadership Failure – By Boma West

      December 3, 2025

      Your Terrorist Is Better Treated Than Mine – By Dr Hassan Gimba

      December 1, 2025
    • 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 Has Violated Gaza Truce Nearly 500 Times In 44 Days, Killed Hundreds

      December 6, 2025

      US Supreme Court To Consider Trump’s Bid To End Birthright Citizenship

      December 6, 2025

      Four Countries To Boycott Eurovision 2026 Over Israel’s Inclusion

      December 5, 2025

      US Authorities Arrest Suspect In 2021 Washington, DC, Pipe Bomb Case

      December 5, 2025

      Israeli Drone Strikes Kill Five, Including Two Children, Near Khan Younis

      December 4, 2025
    • 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

      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

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      ‘Make Osimhen Captain Now!’, Fans Push Hard After Ekong’s Exit

      December 6, 2025

      FULL LIST: Argentina, Spain Handed Kind Draws For 2026 World Cup

      December 6, 2025

      CAF, Teammates Hail Troost-Ekong After Retirement

      December 5, 2025

      West Ham Deny Man United Top-Five Spot With Late Equalizer

      December 5, 2025

      Super Eagles Captain, Troost-Ekong Announces Shock Retirement From International Football

      December 4, 2025
    • 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 - Minting, BoA, NEPZA, Others Cited As Reps Uncover N103.8bn, $950,000 Fraud In Agencies

    Minting, BoA, NEPZA, Others Cited As Reps Uncover N103.8bn, $950,000 Fraud In Agencies

    By Sadiq AbdullateefJuly 23, 2025
    Reps

    THE House of Representatives has indicted 31 federal Ministries, Departments, and Agencies (MDAs) for financial mismanagement involving over ₦103.8 billion and $950,912.05, calling for immediate recovery of the funds by anti-corruption agencies.

    BORNO PATRIOTS

    News Point Nigeria reports that the sweeping indictment followed the adoption of a motion presented by Rep. Bamidele Salam (PDP, Osun) during Tuesday’s plenary.

    The motion was based on the findings of the House Committee on Public Accounts, which reviewed the Auditor-General’s Annual Reports for 2019 and 2020.

    The committee’s report detailed widespread infractions, ranging from unauthorised expenditures and procurement violations to unremitted taxes and internally generated revenues.

    Lawmakers unanimously called on the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Federal Inland Revenue Service (FIRS) to recover the stolen or misappropriated funds and prosecute offenders where necessary.

    Some of the agencies/ministries are:

    Ministry of Foreign Affairs
    Cited for unauthorised spending on a presidential lodge at the Nigerian Embassy in Ethiopia.

    Happy Birthday

    Ordered to refund over ₦124 million and $795,000 to the federal treasury.

    An additional ₦31.7 million and $155,923 flagged as unappropriated expenditures.

    Nigerian TAX Reform - Federal Goverment

    ₦49.4 million paid without following procurement procedures, and ₦9.2 million disbursed without documentation.

    BoA
    Indicted for failing to collect debts totaling ₦75.6 billion.
    Ordered to publish names of debtors in three national newspapers and recover an additional ₦350 million within 90 days.

    Prison Service
    Directed to remit ₦7.47 million in unpaid withholding taxes.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    Nigeria Export Processing Zones Authority (NEPZA)
    Ordered to recover 12 government vehicles held by officials of the Ministry of Industry, Trade, and Investment.

    Cited for procurement infractions amounting to over ₦12 million.

    Kwali Area Council, FCT:Paid ₦82 million to 105 unnamed individuals.

    Rano Capital

    Former chairman tasked to recover and return funds with evidence.

    Rural Electrification Agency
    Found guilty of financial misconduct amounting to over ₦1.3 billion.

    Former MD must refund ₦394 million for unapproved projects.

    Other red flags include ₦4.2 million on unauthorised publicity and ₦969 million moved to a Eurobond ledger.

    Veterinary Council of Nigeria
    Ordered to remit ₦1.1 million in unpaid stamp duties and ₦19 million in unremitted IGR.

    Nigerian Communication Satellite Limited (NCSL)
    Directed to refund over ₦1 billion, including ₦250 million misappropriated by contractors and staff.

    Accused of tax evasion, unremitted staff debts, and illegal advances.

    Nigerian Security Printing and Minting Plc
    Paid ₦14.4 billion in unauthorised salaries and allowances.

    Must refund an additional ₦432 million in under-deducted allowances and ₦91.5 million spent without NITDA clearance.

    Ministry of Petroleum Resources
    Ordered to refund ₦373.4 million in unapproved virements and ₦66.7 million spent without prepayment audits.

    Directed to recover an official Toyota Prado from a staff member.

    Presiding over the session, Deputy Speaker Rt. Hon. Benjamin Kalu lauded the Public Accounts Committee for its meticulous work and called for urgent reforms to tighten financial oversight.

    “The committee’s findings highlight systemic failure and reckless abuse of public trust. We must send a clear message that this House will not tolerate impunity,” he said.

    The House also called for legislative action to empower agency heads to appoint external auditors in the absence of governing boards,  a frequent excuse for non-compliance.

    Anti-graft agencies are to commence immediate recovery of misappropriated funds. Defaulting MDAs must submit evidence of compliance within 90 days.

    The Secretary to the Government of the Federation (SGF) is expected to issue a circular or initiate an amendment to financial regulations enabling audit enforcement.

    This development marks one of the most comprehensive anti-corruption reviews in recent years, covering a range of agencies critical to governance, security, infrastructure, and economic management.

    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Defamation: Senate President Slams Natasha With fresh N200bn Lawsuit

    December 6, 2025

    You’re Enemies Of Democracy, PDP Slams Defecting Rivers Lawmakers

    December 6, 2025

    Wike Sacks FCT-IRS Acting Chairman

    December 6, 2025

    US Supreme Court To Consider Trump’s Bid To End Birthright Citizenship

    December 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    Prof Mahmood Yakubu: The Controversy Behind Tinubu’s Most Debated Ambassadorial Nominee

    December 6, 2025

    Defamation: Senate President Slams Natasha With fresh N200bn Lawsuit

    December 6, 2025

    You’re Enemies Of Democracy, PDP Slams Defecting Rivers Lawmakers

    December 6, 2025

    Wike Sacks FCT-IRS Acting Chairman

    December 6, 2025

    General Musa’s Bold Talk And Nigeria’s Harsh Reality – By Jonathan Nda-Isaiah

    December 6, 2025
    Advertisement
    News Point NG
    © 2025 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