Tag: OAGF

CBN counters Acct-General, says it opened PFIPC a/c’s on OAGF’s directive

Aminu Imam
CBN BUILDING 1 e1757524361796

The Central Bank of Nigeria (CBN) has confirmed opening two domiciliary accounts linked to the controversial presidential foreign investment promotion council (PFIPC) on the directive of the Office of the Accountant-General of the Federation (OAGF). The apex bank, however, said the accounts, one denominated in United States dollars and the other in British pounds sterling, were never funded or operated. The Director of banking services, Abdullahi Hamisu, spoke on Monday while appearing before the House of Representatives ad hoc committee investigating the legal basis, operations, and budgetary inclusion of the…

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“PFIPC has no operational CBN account” – Acct.-General’s office 

Aminu Imam
Acct. Gen's office on PFIPC

The Office of the Accountant-General of the Federation (OAGF) has denied claims that the disputed Presidential Foreign Intervention Promotion Council (PFIPC) opened an operational account with the Central Bank of Nigeria (CBN), contradicting an earlier Presidency statement. Recall that Presidential spokesman Bayo Onanuga had said Prince Adeniyi Adeyemi, who allegedly posed as PFIPC Director-General, used forged documents to mislead the OAGF into opening a CBN account, though no public funds were paid into it. “The Police found that Adeyemi, using the fake documents he created, fraudulently opened a CBN account…

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ICPC grills OAGF, CBN officials over missing $3.4bn IMF loan

Aminu Imam

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has questioned two officials of the Central Bank of Nigeria (CBN) and one from the Office of the Accountant-General of the Federation, (OAGF), over $3.4 billion loan allegedly granted to Nigeria by the International Monetary Fund, (IMF). Reports confirmed that the anti-graft agency has also invited another set of officials from the Federal Ministry of Finance for interrogation. Recall that the Socio-Economic Rights and Accountability Project (SERAP) has approached the court over what it alleged as the failure to probe…

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