Reps question finance minister, accountant general on N19 billion transfer to AfDB

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The committee also identifies some transactions that violate the nation’s financial regulations and the constitution.

On Tuesday, he had claimed that the consolidated account and the recovery accounts were the same.

“On the issues raised, if you look at MTEF of 2019 and 2020, we have made provisions for asset recoveries as a budget item. We do have provisions in the budget that allows us to make use of funds from the recovered funds. But the right procedure would be to move the funds from the final assets recovery accounts to the consolidated revenue.”

“What the accountant general has done is a clear violation of the financial regulation. If we keep having infractions like this, which our constitution makes provisions for, clearly, someone should be held for it,” he said.Meanwhile, Sada Soli , a member of the committee flagged a borrowing from the recovery accounts to the Ministry of Defence in 2020.

 

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