The Centre for Anti-Corruption and Open Leadership, CACOL, has called on the Accountant-General of the federation to urgently recover short-term loans it advanced federal ministries, departments and agencies from the Special Funds Accounts totaling N910 billion.
In a release issued by CACOL and signed by Tola Oresanwo, the anti-corruption organization’s Director, Administration and Programmes on behalf of its Chairman, Mr. Debo Adeniran, he stated, “We received the news that the Senate Public Accounts Committee (SPAC) chaired by Senator Mathew Urhoghide, which scrutinized the 2017 report of the Auditor General for the Federation discovered the anomaly. According to the Auditor General of the Federation (AuGF), query, loans and debts arising from Special Funds Accounts totaling N910,039,557,742 showed that the balances remained unpaid throughout the year even when they were meant to be short term”.
