Daily Post· 1h ago· 1 min read
The Budget Office of the Federation has denied spending a dime on the contentious Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, PEAC/PFIPC.
The Director-General of the Budget Office of the Federation, Tanimu Yakubu, made this clarification on Friday when he appeared before the House of Representatives ad hoc committee probing the establishment and budgetary provisions of the PEAC/PFIPC.
Yakubu stressed that while the National Assembly approved funds for the council, the statutory conditions required to release, pay, or spend the money were never met.
“The conclusion is firm. Not one kobo of the personnel provision could lawfully have been drawn, and not one kobo was drawn. The overhead provision never matured into a lawful cash release.
“The capital provision never matured into procurement or expenditure. The conditions required for…
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