By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Ogun Daily NewspaperOgun Daily NewspaperOgun Daily Newspaper
  • Home
  • News
  • Politics
    Politics
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
    Show More
    Top News
    Ex-Ogun Councillor Raises Alarm Over Assassination Attempt on His Life, May Flee Nigeria
    9 years ago
    Now Is the Time to Think About Your Small-Business Success
    3 years ago
    Owo Attack: Survivors groan, families of victims relive sad experiences, one year after
    3 years ago
    Latest News
    Breaking: Iyabo Obasanjo Returns to PDP Weeks After Branding Party Leaders “Idiots”
    2 days ago
    Akpabio Appeals for Return Tickets for APC National Assembly Members
    7 days ago
    INEC Fixes June 16–25 for Party Primaries in Restored Constituencies Ahead of 2027 General Election
    7 days ago
    Tinubu Swears In Tegbe as Power Minister, Enikanolaiye as Minister of State for Foreign Affairs
    1 week ago
  • Business
  • Crime
  • Weird news
  • Sports
  • Opinion
  • About Us
  • Contact Us
  • Advert
Reading: Minister Adeosun, Saraki, Dogara, Accountant General in N10 billion fraud scandal
Share
Notification Show More
Font ResizerAa
Ogun Daily NewspaperOgun Daily Newspaper
Font ResizerAa
  • Home
  • About Us
  • News
  • Politics
  • Business
  • Crime
  • Weird news
  • Sports
  • Opinion
  • Contact Us
  • Advert
  • Home
  • About Us
  • News
  • Politics
  • Business
  • Crime
  • Weird news
  • Sports
  • Opinion
  • Contact Us
  • Advert
Have an existing account? Sign In
Follow US
  • Advertise
© 2022-2026 Ogun Daily Newspaper. Dozen Technologies. All Rights Reserved.
Ogun Daily Newspaper > Blog > News > Minister Adeosun, Saraki, Dogara, Accountant General in N10 billion fraud scandal
News

Minister Adeosun, Saraki, Dogara, Accountant General in N10 billion fraud scandal

Olufemi Soderu
Last updated: April 21, 2018 2:01 pm
Olufemi Soderu
ByOlufemi Soderu
Olufemi Soderu is a journalist at Ogun Daily Newspaper with over 15 years of professional experience in reporting. He is based in Nigeria and has worked...
Follow:
8 years ago
Share
SHARE

Nigerian taxpayers need to know this. Their representatives at the National Assembly, led by Senate President Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara, have just illegally received and shared a hefty N10billion from the national treasury PREMIUM TIMES reports

Contents
Slush funds and fraudulent companies‘Furious activists want investigation’

The money is not part of the obscene N125billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.

It is also not part of the N100billion allocated for the controversial zonal intervention projects through which lawmakers have always enriched themselves.

This N10billion, more than enough to pay a year’s salary of 45,000 civil servants on the minimum wage of N18,000 per month, was not appropriated, and insiders say it was not even approved by President Muhammadu Buhari.

It was arbitrarily and illegally approved for the lawmakers by the Minister of Finance, Kemi Adeosun, in collusion with the Accountant General of the Federation, Ahmed Idris.

The money was released to the lawmakers as part of a secret N50billion approved for the execution of the so-called “constituency projects” Mr. Saraki and other lawmakers discreetly inserted into the budgets of several ministries, agencies and parastatals.

That is different from the controversial zonal intervention projects for which N70billion of the N100billion appropriated in the 2017 budget have so far been released to contractors handpicked by lawmakers.

Apart from the N10billion cash given to the National Assembly, another N485million was released for a project conceived by Mr. Saraki – construction of model junior secondary schools across Kwara Central Senatorial District.

Four hundred and fifty million naira (N450million) was approved for the project in the 2017 appropriation law. But an additional N35million cash was released for its execution, in clear breach of the law.

To take possession of the illegal N10billion cash given to them by Mrs. Adeosun, Messrs Saraki and Dogara submitted a list of 82 contractors which they claimed the National Assembly was owing and the amount due to each contractor. It was based on that single document that the cash management office at the finance ministry funelled the huge cash to the lawmakers.

Mrs Adeosun failed to do further due diligence such as asking the lawmakers to provide award of contract letters, Certificates of No Objection issued by the Bureau of Public Procurement and job completion certificates issued by the National Assembly.

Finance ministry insiders described the action as deceitful and illegal, saying since the National Assembly has its own budget, which is usually a first-line charge on the federal treasury, any other cash released to it is extra-budgetary and unlawful.

Slush funds and fraudulent companies

National Assembly sources described the released cash as slush funds for the leadership of the two chambers and top civil servants at the management unit. Our sources said the national assembly budget already provided for the projects and that there was no need for any extra-budgetary funding from the ministry of finance.

Investigations by PREMIUM TIMES showed that at least 44 of the 82 contractors Messrs Saraki and Dogara claimed they were owing were not registered on the National Database of Contractors, a database of the Bureau of Public Procurement (BPP). That means they are not eligible to be awarded federal contracts. A further check by this newspaper revealed that 17 of the 44 firms were not even registered with the Corporate Affairs Commission (CAC).

Our National Assembly sources said the contractors were indeed awarded jobs but that some of them had already been paid while while pending payments were already provided for in the federal legislature’s own budget.

When contacted for explanation, Mrs. Adeosun referred our enquiries to the Accountant-General, Mr. Idris. After three days , the accountant-general sent us a written response saying the controversial payment was sourced from a N20 billion service-wide vote “provided for local contractors’ liabilities under the 2017 Appropriation for all Ministries, Departments and Agencies (MDAs) and institutions of Government.”

But while it is true that N20billion was appropriated for the payments of local contractors, experts say it was illegal to pay those hired by the National Assembly from the funds.

Questions were also raised regarding why Mrs. Adeosun would give half of allocations made to pay local contractors to the National Assembly at a time those who built primary health centres and roads and supplied drugs to hospitals were yet to be paid.

One official at the finance ministry also challenged the minister to explain why the funds were first moved to the National Assembly instead of paying the contractors directly. “It is a monumental fraud that they are now desperate to cover up,” the official, who asked not to be named, said.

‘Furious activists want investigation’

“The National Assembly already has its own budget of N125billion and it cannot therefore benefit from any other federal funds without appropriation,” said Auwal Rafsanjani, executive director of the advocacy group, ‎Civil Society Legislative Advocacy Centre (CISLAC).

“This is a serious financial recklessness orchestrated by the minister of finance and the National Assembly. Here, the Appropriation Law, the Fiscal Responsibility Act and the Public Procurement Act appear to have been broken.

“It is sad that the executive, in a desperate bid to make peace with the National Assembly is now conniving with unaccountable lawmakers to further shortchange Nigerians.

“Nigerians must stand up for their right and the minister of finance must be compelled to explain why she sacrificed integrity and financial prudence to engage in this kind of practice.”

Olanrewaju Suraj of the Civil Society Network Against Corruption believes the nation’s anti-corruption agency should be called in to thoroughly investigate the matter.

“It is a major blight in the anticorruption fight of the government and prudent management of resources by the Buhari government,” Mr. Suraj said.

“The National Assembly has its own budget that should cover capital and recurrent expenditures. So it cannot benefit from any other fund without appropriation.

“Besides, every payment for capital expenditure is not at the whims and caprices of the finance minister. There is always a procurement process that must be certified by the BPP.

“The anti-corruption agency must be invited to investigate the motive, the process and the purpose of the released fund.”

You Might Also Like

Breaking: SSG, Talabi Brings Succour to Patients on Birthday, Donates Cash to Settle Medical Bills at Ogun Hospital
Breaking: APC Unveils Kudirat Adegunwa-Balogun as Deputy Governorship Candidate for 2027 Ogun Election
Abiodun Places Ogun on High Alert, Unveils Technology-Driven Security Measures
BREAKING: Veteran Nollywood Actor, Dr. Kola Oyewo, Dies at 80
2027: Ogun APC Rallies Support for Tinubu’s Re-election as Abiodun Targets 95% Vote Delivery

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Print
What Do You Think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
ByOlufemi Soderu
Follow:
Olufemi Soderu is a journalist at Ogun Daily Newspaper with over 15 years of professional experience in reporting. He is based in Nigeria and has worked across local, regional, and national newspapers, covering a wide range of public affairs issues. Olufemi’s work reflects extensive newsroom experience, multiple professional recognitions, and a strong commitment to press freedom and responsible journalism.
Previous Article Presidency reacts to ‘Zahra Buhari’s’ Facebook post insulting Nigerians
Next Article BREAKING: Suspected Herdsmen Kill 10 In Fresh Benue Attack.
Federal Government Declares June 12 Public Holiday to Mark Democracy Day
News
Ogun State Governor, Prince Dapo Abiodun
Ogun Govt Scales Down Democracy Day Celebration, Opts for Solemn Observance
News
APC Chieftain Joju Fadiaro
BREAKING: APC Ibogun Ward Suspends Chief Joju Fadairo, Chairman, Youth Leader Over Anti-Party Activities
News
BREAKING: Ogun Police Foil Alleged Plot to Kidnap Chinese National for ₦50 Million Ransom
News
Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News

Tosyn Bucknor, Inspiration FM OAP, dies aged 37

Olufemi Soderu
By
Olufemi Soderu
8 years ago
Gov. Abiodun Appoints Ambassador Tunde Oladunjoye,, OGTV Board Chairman
Kazeem Lawal (Winners) Sponsors, Graces The Final Match Of 2020 ILUGUN Day Football Competition
Breaking: Amosun, six others lawmakers dump APM for APC in Ogun
Breaking: Ogun APC Withdraws suit against INEC, Adebutu, Akinlade, PDP, says INEC has complied
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
- Advertisement -

You Might Also Like

Ogun State Governor, Prince Dapo Abiodun

Breaking: Dapo Abiodun Approves Permanent Appointment for Over 300 OgunTEACh Interns

7 days ago

FG, Ogun Distribute 3,500 Clean Cooking Stoves to Women, Promote Environmental Sustainability

7 days ago

Breaking: Three Found Dead in Ijebu-Igbo Home as Police Launch Investigation

1 week ago
APC Chieftain Joju Fadiaro

Breaking: Ibogun APC Stakeholders Dismiss Fadairo’s Endorsement of Adebutu, Seek Removal of Alleged Loyalists

1 week ago
Previous Next

Ogundaily.com is an independent online news platform dedicated to providing timely, accurate, and comprehensive coverage of events, developments, and issues within Ogun State and beyond. The platform was established to fill the gap in local news reporting by giving prominence to community stories, grassroots developments, and perspectives that are often underreported or overlooked.

  • Advertise

Newsletter

  • Home
  • News
  • Politics
  • Business
  • Crime
  • Weird news
  • Sports
  • Opinion
  • About Us
  • Contact Us
  • Advert

Find Us on Socials

Ogun Daily NewspaperOgun Daily Newspaper
© Ogun Daily Newspaper. Dozen Technologies Company. All Rights Reserved.
  • Advertise
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?