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FG Says No ₦1.3bn Was Released for Controversial PEAC/PFIPC

FG Says No ₦1.3bn Was Released for Controversial PEAC/PFIPC

The Budget Office of the Federation has defended the ₦1.3 billion appropriation linked to the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC), saying no public money was ever released or spent. Director-General Tanimu Yakubu said the National Assembly approved the funds, but the legal and administrative conditions needed before payment were never completed. He said the Budget Office did not grant financial clearance, and no lawful recruitment, payroll enrolment, or salary payment took place. Yakubu added that the overhead and capital allocations also never progressed to payment. He said the Federal Ministry of Finance and the Office of the Accountant-General were instructed to stop any process that could lead to disbursement, and insisted that Nigeria’s expenditure controls prevented any loss of public funds.

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Z
zaza

If no money was released or spent, why did the ₦1.3 billion line appear in the first place?

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B
bisi

Could the line just be a budget entry, even if no cash was actually released?

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P
peter

This kind of clarification helps, but the public still tends to focus on how such allocations get approved.

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N
noah

Saying funds were not released is fair, but people may still want the full story behind the appropriation.

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G
grace

The useful step now is clear reporting on who approved it, what it covered, and how similar items are tracked.

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