Reps PAC Recovers ₦521m Unremitted VAT From CBN
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) says it has recovered ₦521.8 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of an ongoing probe into revenue leakages linked to the Remita platform. The committee say the recovered sum, amounting to ₦521,765,134.17, represents VAT […]
NNPC Must Account for N210tn by April 29 – Senate
By Anayo Akwitti The Nigerian Senate has given the management of the Nigerian National Petroleum Company Limited NNPCL, until April 29, 2026, to appear before its Public Accounts Committee to explain an alleged N210 trillion unaccounted for in audit reports spanning 2017 to 2023. The committee directed the Group Chief Executive Officer, Bayo Ojulari, to […]
PAC Gives Finance Authorities October 2026 Deadline on Unaudited Accounts
By Oluwakemi Kindness The Accountant-General of the Federation and the Auditor-General of the Federation, have been ordered to submit all outstanding consolidated financial statements and audited accounts of the Federal Government for the 2023, 2024 and 2025 fiscal years by October 2026. The House of Representative’s Public Accounts Committee (PAC) which issued the firm directive […]
Reps to Stop 2026 Budgets for 22 MDAs Over Lapses
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) has moved to stop 2026 budgetary allocations to 22 federal Ministries, Departments and Agencies (MDAs) for repeatedly failing to account for public funds and ignoring legislative oversight. The affected agencies include the Nigerian Meteorological Agency (NiMet), Federal Housing Authority (FHA), Standards Organisation of Nigeria […]
Funding Shortfalls Limit Audit of Nigeria’s Foreign Missions to Five
By Oluwakemi Kindness Nigeria’s Auditor-General says funding shortfalls limited the audit of foreign missions to just five in 2025, raising concerns over oversight of public spending abroad. Auditor-General, Shaakaa Chira, stated this during the 2026 budget defence of the Office of the Auditor-General for the Federation (OAuGF) before the House of Representatives Public Accounts Committee […]
Reps Sound Alarm Over ₦250 Billion Missing Public Funds
By Oluwakemi Kindness The House of Representatives’ Public Accounts Committee (PAC) on Tuesday voiced serious concern over the disappearance of over ₦250 billion in public funds, as uncovered in recent audit reports from the Auditor-General of the Federation. Chairman of the committee, Rep. Bamidele Salam, made the disclosure during a press briefing at the National […]