The 2022 budget is filled with bogus projects worth N100 billion – CIPC

The Chairman of the Independent Corrupt Practices Commission and Other Related Offenses Commission (ICPC), Professor Bolaji Owasanoye, said on Thursday that the 2022 budget had been inflated by Ministries, Departments and Agencies (MDAs) with false projects worth N100 billion.

Owasanoye said as much during his appearance before the Senate Finance Committee in Abuja.

The head of ICPC revealed that MDAs have also inserted duplicate projects worth N300 billion in the 2021 budget.

He added that the commission discovered 49.9 billion naira set aside by corrupt officials as wages for ghost workers between January and June this year.

READ ALSO: 2023: Refrain from petty petitions, CPIC warns politicians

Owasanoye said, “A total sum of 300 billion naira would have been wasted by the federal government on duplicate projects inserted in the 2021 budget and 100 billion naira for the same purpose in the current financial year if they had not been tracked and intercepted by the ICPC.

“The same preventative measure by ICPC saved the country from spending N49.9 billion on salaries of ghost workers put on the shadow payroll by fraudulent MDAs between January and June this year.

“The good thing about the preventive measures of the commission is that the funds for the fraudulent acts have been prevented from being disbursed to the concerned MDAs and it is commendable that the Ministry of Finance and the office of the accountant general have cooperated with us in this subject”.

Join the conversation


Support Ripples Nigeria, Support Solutions Journalism

Balanced and fearless journalism, driven by data, has huge financial costs.

As a media platform, we hold leaders accountable and we will not trade the right to freedom of the press and freedom of expression for a piece of cake.

If you like what we do and are willing to support solutions journalism, please donate to the Nigeria Ripples cause.

Your support would help ensure that citizens and institutions continue to have free access to credible and reliable information for the development of society.

Donate now

Comments are closed.