The Auditor-General of the Federation’s report has highlighted significant irregularities in contract payments amounting to over N197.72bn in various government departments. The report, covering activities from 2020 to 2021, points out violations of financial regulations and procurement laws, affecting multiple Ministries, Departments, and Agencies (MDAs).
One key discovery was the N7.39bn irregularities in contract awards across 32 MDAs, breaching financial regulations mandating open competitive bidding. The report also revealed N167.59bn payments for partially executed or non-executed contracts, contrary to financial regulations. Additionally, it uncovered N20.33bn in contract awards without due process and N2.41bn paid for contracts exceeding approved thresholds without necessary approvals.
These systemic issues highlight weak internal controls within MDAs, emphasizing the need for stricter enforcement of financial regulations. The report’s findings have led to calls for accountability, reforms, and improved financial management to restore public confidence in Nigeria’s financial systems.
Furthermore, the Centre for Anti-Corruption and Open Leadership has demanded a thorough investigation into alleged misappropriation of N4.64bn by the Ministry of Works and Housing. The audit report uncovered various financial irregularities within the ministry, prompting calls for accountability and swift actions to address the findings and hold responsible parties accountable.