‘Why I Gave An Extra N10 Billion To National Assembly’ – Finance...

‘Why I Gave An Extra N10 Billion To National Assembly’ – Finance Minister

By Wires Editor | The Trent on April 22, 2018
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Adeosun, Minister, Finance, Saraki, Senate
Nigeria's Finance Minister Kemi Adeosun speaks at a news conference in Lagos, Nigeria, April 9, 2016. | Reuters/Akintunde Akinleye

Kemi Adeosun, the minister of finance, has reacted to a report detailing how her ministry illegally approved N10 billion for the National Assembly.

The report indicated that Adeosun released the money to the lawmakers, despite the N125 billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.

In a statement by Oluyinka Akintunde, her media aide, on Friday, April 20, 2018, the Minister confirmed releasing the fund, but insisted her action was legal.

“The attention of Kemi Adeosun, the honourable minister of finance, has been drawn to a smear campaign by an online medium, Premium Times, of “illegally sharing of N10 billion from the national treasury”.

“The Honourable Minister wishes to debunk the entire mischievous and made-up report of the online medium which negates the ethics and professionalism of journalism. The article displays a worrying lack of understanding of Appropriation, Payments, and Control, and therefore be disregarded by the public.

“The Minister further wishes to state that warrants are issued in accordance with Appropriation and after due approval by the Cash Plan Committee chaired by the Minister,” it read.

Read more at Daily Post

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