A Review of the Nigerian Energy Industry

Nigerian govt allegedly squandered N4.7trn in 8yrs – Lawmakers

house_of_reps_1*Say Obasanjo spent N250m a year on Charles Tailor

23 December 2013, ABUJA — The Public Accounts Committee, PAC, of the House of Representatives revealed at the weekend that over N4 trillion was spent from 2004 to 2012 by the Federal Government from Service-wide Vote without the approval of the National Assembly.

The committee said due process was not followed in the manner such a huge sum was lavished, noting that it contravened Section 80 of 1999 constitution.

The committee also alleged that between 2005 and 2006, the government of former President Olusegun Obasanjo spent N250 million to feed former President of Liberia, Charles Taylor and his family, who were on an asylum in the country.

Chairman of PAC, Adeola Olamilekan (APC-Lagos), who disclosed these at a briefing of journalists, said the expenditure was made without parliamentary approval, starting from the government of President Obasanjo to that of President Goodluck Jonathan.

Olamilekan explained that “most of the expenditures to which the Service-wide Vote releases were deployed are routine in nature and did not qualify for emergency funding.

“For instance, between 2004 and 2012, a total of N1, 284,853,731.20 was spent on publicity and publication of various government programmes.

“Between 2004 and 2005, N250 million was spent on the upkeep of the former Liberian President, Charles Taylor, another N14,006,494.847.57 was also released from the Service-wide Vote for the payment of judgement debts against the Federal Government.

“The office of the Accountant-General of the Federation, Budget Office and the Ministry of Finance released to their various offices a total of N2, 267,002,101 to a few auditors as audit.
*Emman Ovuakporie, Vanguard

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