Tag: Misappropriation

Auditor-General’s report implicates NNPCL in ₦2.68tr, $9.77m funds diversion

Aminu Imam
Report on NNPCL illegally deduction2

…Evades probe A report by the Auditor-General of the Federation (OAuGF) has implicated the Nigerian National Petroleum Company Limited (NNPCL), of fund misappropriation, revenue diversion of ₦2.68tr and $9.77m over four years. According to audit reports submitted to the 10th National Assembly, the findings also reveal widespread financial irregularities and disregard for transparency. Key infractions highlighted include: unauthorised deductions of ₦1.33 trillion in 2017, ₦681 billion in 2019, ₦151 billion in 2020, and ₦514 billion in 2021. Violations of the Constitution and Financial Regulations were noted, with NNPCL failing to…

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Obi, Yesufu, LP leaders under fire over alleged misuse of ?12bn campaign fund

Aminu Imam
Obi, Yesufu, LP leaders

The Labour Party (LP), led by Julius Abure, has called for a comprehensive investigation into alleged financial misconduct involving A’isha Yesufu, Pastor Itua Ighodalo, Peter Obi, and Afenifere leaders. At a press conference in Abeokuta, Ogun State, LP’s National Publicity Secretary, Abayomi Arabambi, accused the figures of misappropriating funds from the 2023 presidential campaign. Arabambi claimed that over ?12bn and $15m in donations were mismanaged and diverted. He dismissed Yesufu’s denials as attempts to obscure the truth and labelled her statements as an insult to the party’s leadership. “Peter Obi…

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Misappropriation: Kano Govt. files fresh criminal charges against Ganduje

Aminu Imam
Kano on Ganduje

Kano State Government yesterday filed a fresh charge against the National Chairman of the All Progressives Congress (APC) and former governor of the State, Abdullahi Umar Ganduje. In a suit No. K/143c/24, the State government accused Ganduje and erstwhile Commissioner for Justice, Musa Lawan of criminal conspiracy, and misappropriation contrary to Section 308 and punishable under Section 309 of the Penal Code (as amended) CAP 105, Vol. 2, the Laws of Kano State of Nigeria. The offence, the State government said, is punishable under Section 97 and Section 315, accusing…

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