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CORRUPTION: N421bn paid into private pockets between 30th-31th Dec, 2019 – BudgIT

CORRUPTION: N421bn paid into private pockets between 30th-31th Dec, 2019 – BudgIT

Nigeria’s Civic Tech Organization, BudgIT, has discovered hurried suspicious payments from Open Treasury into private bank accounts to the tune of N421bn, two days before the end of 2019.

BudgIT revealed that the N421 billion that were made on the 30th and 31st of Dec, 2019 represents 9% of total payments made in 2019.

“It is worrisome that the government made such large payments on the last 2 days of the Appropriation Act,” the organization wrote.

Apart from the monies that were paid into private bank accounts in the two last days of 2019, BudgIT went further to discover other suspicious payments made to individuals in the year 2019.

“A series of payments to the tune of N850 million were made to VATSA MOHAMMED ADAMU- a personal account in 33 different transactions between Jan. & June, 2019.”

BudgIT stumbled on two separate payments of N1.01billion each were also made into a personal account -ABDULKADIR ABUBAKAR on the 21st & 24th of June 2019, respectively – without any description

Also, on the 21st of June 2019, another payment of N2.02 billion was discovered to have been made to a personal account – OGUNMODEDE JOSEPH OLUSEGUN, with no description.

According to BudgIT, ‘the Federal Government needs to clarify these payments with vague or no descriptions among many others. Is it even appropriate to make payments into personal accounts at all, not to mention payments up to billions of naira?”

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1 Comment

  • Von , June 6, 2020 @ 7:12 am

    Pls someone should send my account number to the FG for payment. Just 10 different payments of 100 million each. Ndiala.

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