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Consolidated revenue fund overdrawn by N2.48tr, says Auditor-General
The Auditor General of the Federation has queried alleged unsubstantiated transfer of N3.627 trillion from government coffers to entities to fund recurrent expenditure in the 2018 financial year.
He also said the Consolidated Revenue Fund was overdrawn to the tune N2.483 trillion in total disregard of Financial Regulation (FR) 710.
Financial Regulation (FR) 710 stipulates that “No government bank account shall be overdrawn or any temporary advance obtained from a bank. In the event of an account being overdrawn, the Officer Responsible shall be made to refund any bank charges incurred thereon.”
Besides, the AuGF in his report submitted to the National Assembly queried the funding of government investments in non-existent or moribund companies to the tune of N84.702 billion, adding that there was no evidence supporting investment of government in the companies.
The part two report with reference number GF/AR.2018/VOL.II/02 of 25th March, 2021 was signed by the Auditor General of the Federation, Adolphus A. Aghughu and addressed to the Clerk to the National Assembly.
According to the report, the sum of N8.101 trillion was transferred to fund recurrent expenditure-receipt’ in the Consolidated Statement of Financial Performance, while the sum of N11.728 trillion by 944 MDAs gave rise to an unsubstantiated difference of N3.627 trillion which was recognised in the Consolidated Statement of Financial Performance.
“The audit is unable to validate the correctness or otherwise of the difference under reference,” the AuGF said.
The report said further that about 103 MDAs exceeded their Personnel Cost Budget by ₦641.757 billion in 2018 while another 115 MDAs had zero Personnel Cost even though there was Budget allocation for them.
It queried the sources of extra funds for salaries and wages to the 103 MDAs and why there was zero personnel budget for the 115 MDAs even though the MDAs under reference had annual budgets approved for them.
It expressed concern about the completeness and accuracy of the consolidated figures with respect to salaries and wages, adding that “the above anomalies could be attributed to absence of strong quality assurance around the consolidation process at the Office of the Accountant-General of the Federation.
The risk to government resources, it said, is the fact that the consolidated financial statements may have been misstated while there may have been unauthorised virement instead of seeking approval of the National Assembly.
It put the total amount of GIFMIS finalised payments for randomly selected 99 MDAs at ₦536.050 billion and the consolidated salaries and wages at ₦532.352 billion, leading to an understatement of ₦3,698 billion.
The report said there was no further information to enable the audit to verify the understatement.
It attributed the discrepancy to “weaknesses in the internal control systems around the consolidation process at the Office of the Accountant-General of the Federation”.
The audit report disclosed that there were certain irregularities in the disclosure of aids and grants to MDAs to the tune of ₦219.562 billion, which it said was in contravention of Auditor-General for the Federation’s recommendation in 2017 report that ‘Aid and Grants’ should be disclosed in a recommended format.
It said “as a result of the above violation, the sum of ₦219.562 billion shown as Aid & Grants could not be validated, and there was ‘Foreign Grants’ of ₦4,200.00 (Four thousand two hundred naira) as well as ‘Domestic Grant’ of ₦17,100.00 (Seventeen thousand one hundred naira) totaling ₦21,300.00 in favour of Federal Ministry of Foreign Affairs.
“Audit is concerned as to what amount in foreign currency was donated to the extent that its naira equivalent was ₦4,200.00. The donor was not disclosed to enable audit follow up with circularization”.
It said this makes accountability difficult and could cast doubt on the existence and accuracy of reported figures.
On doubtful government investments in NITEL and other Moribund companies, the report said about N84.702 billion was invested in companies whose going concern and continue existence are in doubt, adding that “efforts by the audit to verify the investment in NITEL yielded no result as the Agency in question had been liquidated.
“Continued recognition of these investments without fully disclosing their impairment status in the Consolidated Financial Statements as required by the above IPSAS cast doubt as to their accuracy and existence.
“Audit therefore concludes that since there is no evidence that supports government investment in NITEL and other companies, it is more likely that these investments may have been impaired,” it said.
The Auditor General’s report also stated that some government agencies embarked upon overhead expenditure without appropriation while some others carried out unapproved virement to fund their overheads.
It said about 14 MDAs incurred overhead expenditure totaling N162.924 billion without appropriation in total disregard to the 1999 constitution as amended, leading to possible misappropriation of funds.
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NLC Backs ₦500 Petrol Demand, Workers Propose ₦500,000 Salary
NLC Backs ₦500 Petrol Demand, Workers Propose ₦500,000 Salary
The Nigeria Labour Congress (NLC) has backed demands by public-sector workers for the Federal Government to reduce the price of petrol to ₦500 per litre, while the workers have proposed a minimum monthly salary of ₦500,000 for Grade Level 01, Step 1 officers under a new public-service salary structure.
The demands were contained in a letter by the Trade Union Side of the Joint National Public Service Negotiating Council (JNPSNC) to President Bola Ahmed Tinubu, amid renewed concerns over rising fuel prices and the worsening cost-of-living crisis.
The workers gave the Federal Government until September 30, 2026, to respond to their demands, which cover petrol prices, wage awards, salary reviews and negotiations for a new wage structure.
The JNPSNC called for an intervention capable of bringing the petrol pump price down to ₦500 per litre, arguing that the rising cost of fuel has significantly increased transportation expenses and contributed to higher prices of food and other essential goods and services.
The demand comes amid another increase in petrol prices in Nigeria, with pump prices rising in several parts of the country following higher crude oil prices in the international market.
The labour movement has argued that the impact of rising fuel costs extends beyond motorists, as increased transportation and energy expenses raise the cost of moving agricultural produce, manufacturing goods and other commodities.
The NLC has therefore called for measures to cushion workers and households from the effects of the latest price increases.
On wages, the JNPSNC proposed a new salary structure under which a Grade Level 01, Step 1 public servant would earn ₦500,000 monthly.
The figure is important because it is a proposal by the workers, not an approved national minimum wage.
The proposed ₦500,000 salary is also specifically linked to the public-service salary structure being sought by the JNPSNC ahead of January 2027. It should not be presented as though the Federal Government has agreed to increase Nigeria’s statutory national minimum wage to ₦500,000.
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Nigeria’s current statutory national minimum wage remains ₦70,000 per month, following the 2024 wage agreement and legislation.
The workers are seeking negotiations for a new wage structure while also asking for an immediate Wage Award for employees at the Federal, State and Local Government levels as a short-term response to current economic pressures.
The proposed wage award is separate from the longer-term salary review and any future agreement on the national minimum wage.
The JNPSNC wants the National Salaries, Incomes and Wages Commission (NSIWC) to begin discussions with labour representatives and other stakeholders on the proposed wage award and salary adjustments.
The workers said rising inflation, transportation costs, food prices, housing expenses, healthcare costs and education fees had reduced the purchasing power of existing salaries.
They also called for salaries and allowances across the public service to be reviewed upward and for future salary adjustments to take inflation into account.
According to the workers, linking periodic salary reviews to inflation would help prevent employees’ earnings from losing substantial purchasing power between major wage negotiations.
The labour side also demanded subsidised transportation and affordable housing for public servants as part of measures to ease the pressure on workers.
On the petroleum sector, the workers backed calls for greater availability of crude oil in naira to local refineries, arguing that increased domestic refining and local crude supply could reduce exposure to international oil-market shocks.
The NLC has previously advocated measures to strengthen local refining and improve domestic energy security as part of efforts to reduce pressure on consumers.
The workers also rejected the idea of relying mainly on food palliatives to address the hardship, arguing that temporary relief does not adequately compensate for the loss of purchasing power caused by higher transportation and living costs.
They instead called for measures that would address the underlying drivers of the rising cost of living.
The latest demands come as the downstream petroleum market faces renewed price pressure despite increased domestic refining capacity.
Higher international crude prices have raised input costs for refiners, contributing to increases in the wholesale and retail prices of petrol.
The development has renewed debate over how much protection Nigeria’s expanding domestic refining capacity can provide against global oil-price movements.
For organised labour, however, the immediate concern is the effect of higher fuel prices on workers and households.
The JNPSNC expects the Federal Government to respond to its demands by September 30, while also looking ahead to negotiations for a new salary and wage framework from January 2027.
The council has indicated that it expects the President’s forthcoming Independence Day address to address some of the concerns raised by workers.
The proposed ₦500,000 salary therefore remains a labour demand awaiting negotiation and possible government consideration. It is not the current national minimum wage and does not mean that all Nigerian workers are automatically entitled to ₦500,000 monthly.
Similarly, the proposed ₦500 petrol price is a demand for government intervention and does not represent the current regulated or prevailing pump price across Nigeria.
The labour demands reflect growing pressure from organised workers for government action as households and businesses contend with higher fuel prices, transportation costs and living expenses.
NLC Backs ₦500 Petrol Demand, Workers Propose ₦500,000 Salary
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MURIC Warns FG: Any Move Against Atiku Now Lacks Tact
MURIC Warns FG: Any Move Against Atiku Now Lacks Tact
The Muslim Rights Concern (MURIC) has warned the Federal Government against any move to arrest, interrogate or otherwise take action against former Vice-President Atiku Abubakar over a fresh petition before the Economic and Financial Crimes Commission, saying such a step at this time could send the wrong signal to Nigerians.
The warning came as the controversy over a renewed call for the EFCC to investigate allegations dating back to Atiku’s tenure as Vice-President intensified, with opposition figures and the petitioner trading sharply different arguments over the matter.
In a statement issued on Tuesday, September 22, 2026, MURIC Founder and Executive Director, Professor Ishaq Akintola, said the government should exercise caution, particularly with the 2027 general elections approaching.
According to MURIC, the renewed allegations have assumed greater sensitivity because Atiku is now the presidential candidate of the African Democratic Congress and a leading opposition figure.
“We warn that such an attempt at this point in time will send the wrong signal to Nigerians,” the group said, adding that with the 2027 elections “at the doorsteps,” the Federal Government should carefully consider the consequences of any action against the former Vice-President.
MURIC described any such move as lacking tact and “short” of emotional intelligence, while urging the government to avoid conduct that could create the impression that state institutions were being used against political opponents.
The organisation also warned against what it described as a damaging “body language” capable of portraying Nigeria as a “banana republic.”
MURIC said that although the country had already lost some ethical ground, its democratic values and norms remained important safeguards that should not be compromised.
“Our corporate image in the global community is sinking fast,” the group added.
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The statement followed renewed controversy over a petition by former House of Representatives member, Ehiozuwa Agbonayinma, asking the EFCC to revisit allegations concerning Atiku’s activities while he was Vice-President.
Reports indicate that the petition relates to allegations investigated by the EFCC between 2005 and 2006. Agbonayinma reportedly gave the anti-graft agency a 14-day ultimatum to act and threatened legal action if the commission failed to respond.
Former Senator Dino Melaye has strongly opposed the renewed petition, describing it as an attempt to “resurrect the dead.” Melaye argued that the matter had previously been dealt with and questioned the basis for bringing it back almost two decades later.
The dispute, however, has escalated beyond the original petition, with Agbonayinma hitting back at Melaye and challenging him to produce documentary evidence for his claim that the allegations had been investigated and dismissed.
In a statement reported on September 20, Agbonayinma insisted that he was asking the EFCC to perform its statutory responsibility and argued that the substance of the allegations should be addressed rather than his personality or political affiliation.
“You cannot defend Atiku Abubakar from an EFCC petition by attacking me,” Agbonayinma was quoted as saying, while urging the anti-graft agency to determine whether the allegations warranted further investigation.
The renewed controversy has also brought attention to the distinction between a petition seeking investigation and a finding of criminal guilt. The existence of a petition does not, by itself, establish that the person named in it committed an offence.
There is also a historical legal dimension to the allegations. Reports on the previous proceedings state that a Lagos State High Court set aside an EFCC administrative indictment against Atiku in December 2006, while no criminal conviction against him resulted from the allegations.
Atiku has continued to deny wrongdoing and has challenged anyone with credible evidence against him to present it through the appropriate legal channels.
Meanwhile, there was no confirmed announcement from the EFCC, as of the latest reports reviewed, that it had arrested Atiku or formally invited him over the fresh petition. A separate and more recent EFCC investigation reported on September 20 concerns individuals connected to allegations surrounding the Mambilla Power Project, which is distinct from the 2005–2006 allegations at the centre of the present political dispute.
The MURIC intervention has therefore added a fresh dimension to an increasingly heated political controversy, with the organisation urging the Federal Government to exercise restraint and protect public confidence in Nigeria’s democratic institutions.
With the 2027 elections approaching, the dispute over the renewed EFCC petition is expected to remain a significant political issue, particularly if the anti-graft agency decides to take further steps.
For MURIC, however, the timing of any action is crucial. The organisation wants the Federal Government to ensure that whatever steps are taken by law-enforcement agencies are grounded in due process and do not create the perception of political persecution.
The group’s central warning is that Nigeria must guard its democratic reputation and avoid actions that could further erode public confidence in its institutions at a particularly sensitive period in the nation’s political calendar.
MURIC Warns FG: Any Move Against Atiku Now Lacks Tact
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NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday
NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday
The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and rainfall across several parts of Nigeria from Monday to Wednesday.
The agency, in its weather outlook released on Sunday, also warned that strong winds could occur ahead of thunderstorms in some areas.
For Monday, NiMet expects thunderstorms and light rain over parts of Taraba and Kebbi during the morning. Later in the day, moderate rainfall is expected across several areas in the North-East, Kaduna, Taraba and Kebbi.
In the North-Central region, parts of Niger State could experience thunderstorms and light rain in the morning, while most parts of the region may record thunderstorms with moderate rainfall by afternoon or evening.
The southern states are also expected to experience wet conditions. NiMet forecasts cloudy skies in the morning, with isolated thunderstorms and light rain over parts of Bayelsa, Rivers, Akwa Ibom and Cross River. More thunderstorms and light rain are expected later in the day.
Tuesday and Wednesday Forecast
On Tuesday, the northern region is expected to have patches of cloud in the morning, with thunderstorms and light rain possible in parts of Taraba.
By afternoon or evening, most parts of the region could experience thunderstorms accompanied by moderate rain.
In the North-Central, parts of the Federal Capital Territory, Niger, Nasarawa and Plateau states are expected to receive thunderstorms and moderate rainfall later in the day.
Southern areas, including parts of Ebonyi, Enugu, Abia and the South-South, may also experience thunderstorms and light rain.
NiMet expects more widespread rainfall on Wednesday, particularly across northern and North-Central states. Borno, Bauchi, Gombe, Kaduna, Adamawa and Taraba are among the areas listed for morning thunderstorms and moderate rain.
The agency also forecasts thunderstorms and moderate rainfall across much of the South later on Wednesday.
NiMet advised residents to secure loose objects and take precautions against strong winds. Motorists were urged to avoid driving during heavy rainfall, while residents were advised to disconnect electrical appliances during thunderstorms and stay away from tall trees.
Airline operators were also advised to obtain airport-specific weather information when planning flights.
NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday
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