In Oct 2019, President @MBuhari ordered a forensic audit of the @NDDCOnline after 9 Governors complained of large-scale corruption in the commission.
This includes over N1tn worth of fraudulent projects, a contract that was awarded 55 times, and 500 fake projects.
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Subsequently, a three-man committee was set up to manage @NDDCOnline for the duration of the forensic audit. #FixOurOil
After this, FEC approved a sum of N318m for the engagement of a lead consultant for the forensic audit in Feb 2020. N722.3m was also approved for 8 @NDDCOnline forensic auditors by @NigeriaGov in Aug 2020. #FixOurOil
In April, the constituted interim management kickstarted the forensic audit on @NDDCOnline.
In the same April, NDDC relieved all staff that were involved in the corruption scandal of their official duties. However, their names were not disclosed to the public. #FixOurOil
Among other things, BudgIT is interested in benefit transfer systems reforms for oil-wealth communities in the Niger Delta and other resource-rich communities in Nigeria, as it relates to the audit, thus, we have been following the forensic audit with keen interest. #FixOurOil
The forensic audit is still ongoing and BudgIT will keep the citizens abreast of new developments #FixOurOil
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To improve electricity access, FG plans to spend N661bn ($1.74bn) through the Nigerian Distribution Sector Recovery Program (DISREP)
Of this $1.74bn, 72.1% will be funded by loans. This will increase Nigeria's N31tn debt burden by 1.54% #WatchTheDebt
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For context, a brief review of Nigeria's current electricity distribution status reveals that;
85m Nigerians currently have no access to grid electricity, and Nigeria records N10.1tn annually as economic losses due to lack of reliable power supply, among others.👇 #WatchTheDebt
N476.3bn, which represents 72.1% of the total sum of N664bn for DISREP, will be funded with loans.
On December 9, 2019, @nigeriagov launched the #OpenTreasury Portal to increase transparency and accountability in government spending. #AskQuestions
In June 2020, BudgIT released a detailed report titled. “OpenTreasury.gov.ng: Nigeria’s Spending Platform: Review, Gaps & Recommendations”, in which it analysed data uploaded on the portal from September 2018 to May 2020. #AskQuestions
In Jun, 2020, we discovered payments totalling N278bn without descriptions, N51bn paid into personal acts & other loopholes for abuse of public funds on the #OpenTreasury Portal.
As a result of this, @Nigeriagov set up a committee with a mandate to resolve these issues.
@BudgITng was nominated as a member of the Transparency Portal, Quality Assurance & Compliance Committee which also includes @ICPC_PE & @officialEFCC in response to our letter to the @OAuGF on the issues.
Since the committee's intervention, payments without description have reduced from N40.76bn with about 500 transactions in March to N601.3m with 44 transactions in October 2020.
Critical issues that need @nassnigeria's attention
1. MISPLACED PRIORITIES
N17bn will be spent by govt officials on intl. travels & trainings that can be done virtually.
Whereas 38 Fed. Hospitals do not have allocations for medical supplies.
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The N64.75bn allocated for the construction of government buildings across all MDAs should be reviewed downwards, seeing that nearly 135000km of roads in Nigeria are untarred, obstructing the movement of goods and people.
Also, the N11.9bn capital allocation to the police formations and commands is quite small considering the dearth of equipment needed to provide security for almost 200m people and the poor state of police barracks.