Nigeria Budget Office Denies Funds to Fake Agencies
4 articles from 1 country
Nigeria's Budget Office denies releasing public funds to the non-existent Presidential Foreign Intervention Promotion Council (PFIPC) and the Presidential Economic Advisory Council (PEAC). The office stated that no money was spent on these entities due to spending controls, despite allocations appearing in budget documents.
Budget Office Denies Releasing Funds to Fake Agency
- The Budget Office of the Federation stated no public funds were released to the non-existent Presidential Foreign Intervention Promotion Council (PFIPC). - Statutory expenditure controls prevented the N1.3 billion appropriated budget from being spent, according to Budget Office Director General Tanimu Yakubu. - Investigations are ongoing into the PFIPC, its promoter has been arrested, and Presid…
No kobo was spent on PEAC, PFIPC, Budget office tells Reps
- Nigeria's Budget Office stated that no funds were released or spent on the controversial Presidential Economic Advisory Council (PEAC). - The Director-General confirmed that legal and administrative…
Nigeria's Budget Office: No funds released for PEAC/PFIPC due to spending controls
- Nigeria's Budget Office states no funds were released for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC). - The office insists Nigeria's …
N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps
- The Budget Office of the Federation stated no funds were released to the Presidential Foreign Investment Promotion Council (PFIPC). - Despite an allocation in the 2026 Appropriation Act, statutory c…
