DMO denies receipt of N2.2trn 2018 budgetary allocation


DMO, External borrowing

…says it can only account for N721, 251, 798

…as Reps query accountant-general over unaccounted funds 


By Levinus Nwabughiogu-Abuja

Debt Management Office (DMO) has denied the receipt of N2.2 trillion in its 2018 budgetary allocation.

The Office said the money was not released to them but managed by the Office of the Accountant-General of the Federation.

DMO’s Director of Finance and Accounts, Mrs. Feyi Olumide-Akinyemi gave the testimony at the ongoing investigative hearings into financial activities of Ministries, Departments and Agencies, MDAs by the House of Representatives Public Accounts Commitee, PAC occasioned by audit query from the Office of Auditor General of the Federation.

The DMO said although the figure was appropriated to them, they were only accountable for the sum of N721, 251, 798 allocated to them.


Olumide-Akinyemi said it was the Accountant General that was responsible for the fund, adding that they had made a case that the money be…

Source: Vanguard Newspaper