konga Ad Campaign konga Ad Campaign konga Ad Campaign
ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, June 25, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Minister of Foreign Affairs [Photo credit: Bulet International (Nig.) Ltd]

Minister of Foreign Affairs [Photo credit: Bulet International (Nig.) Ltd]

How Nigerian Embassy in Israel squandered N332 million, $493,111, in two years – Audit Report

byKemi Busari
September 6, 2017
3 min read

The Nigerian embassy in Israel mismanaged funds totalling $493, 111 and another N331 million (N331,461,392) of the total revenue generated and received between 2013 and 2015, an audit report reviewed by PREMIUM TIMES reveals.

The annual report of the Auditor-General of the Federation for the year ended 2015, said the embassy could not account for the funds in its records submitted for review.

A total sum of $858,704 (3,091,337 Shekels) was reportedly generated as revenue in respect of visas and administrative charges in the period under review, but only $365, 593 was remitted into the designated account, the report, the latest from the Auditor General revealed.

During the same period, the embassy was granted Authority to Incur Expenditure, AIE, in the sum of N517,247,500.

However, only N185, 786, 171 was accounted for by the embassy.

The report noted that this development has left the embassy with a deficit of $493, 111 and N331, 461, 392 which the permanent secretary ‘was unable to explain.’

DEFICITS AND IRREGULARITIES

The report gave further details of its findings.

Between 2013 and 2015, $187, 554 (675,196 shekels) was transferred from revenue to overhead accounts as revealed in the revenue cashbooks.

The amount was said to have been borrowed from the Internally Generated Revenue, IGR, account for the period but was never paid back.

The audit revealed further that out of 1,860,544 Shekels generated by the embassy, 760,466 Shekels was remitted to J.P. Morgan between 2014 and 2015.

This created a deficit of about $305,577 (1, 100, 078 Shekels).

J.P Morgan is a U.S. multinational banking and financial services holding company headquartered in New York City.

infographics 1

It was observed in the audit report that the embassy fell short in keeping account of revenue, disbursement of funds and record keeping thereby aiding corruption within its ranks.

The following specific irregularities were also reported: ‘‘Treasury Book 6A and Treasury Book 6 revenue booklets were not kept, and consequently not made available; revenue Collector’s Registers with details of TR 6A and relevant amount were not maintained; Revenue Cashbooks were not updated with relevant entries throughout 2014 and 2015. An ordinary register maintained by the Consular Section had no details of TR 6A and the amount generated for each booklet. Monthly figures were just recorded without details.

‘‘All these irregularities violated Financial Regulations 208, 209, 210 and 236 and question the accountability and transparency of the revenue collection.’’

MISMANAGEMENT OF FUNDS

Between 2013 and 2015, about 64 per cent of N517,247,500 total grants remitted as AIE by the Nigerian government to the embassy was unaccounted for.

According to records, the sum was for capital, personnel and overhead costs and was reportedly remitted into one account for the period as follows: 2013: A/C No.218648/91 located at Gordon Street and 2014/2015: A/C 223701/15 located at Allenby Street.

However, only N185, 786, 171 was accounted for in the verification of AIEs extracted from the Ministry of Foreign Affairs while the remaining N331,461,392 was neither found in the account of the embassy nor recorded. No explanation was also offered.

A further breakdown shows that N80 million (N80,028,810) was unaccounted for in 2013; N137 million (N137,491,054) in 2014 and N113 million (N113, 941,465) in 2015.

infographics 2

‘‘This is a violation of Financial Regulation 701 which requires separate Bank accounts to be maintained for Capital and Overhead to enable transparent rendition of expenditure returns in accordance with budgetary provisions,’’ the audit report noted.

‘‘The expenditure returns rendered by the Embassy cannot be admissible as a true reflection of transactions because of the lumping of expenditure remittances (Personnel, Overhead and Capital) into one bank account.’’

DIRECT PAYMENT TO AMBASSADOR

Between 2013 and 2015, $134,400 was reportedly paid directly to an ambassador during his tenure for domestic servants.

This direct payment of domestic staff salary to the ambassador is contrary to the terms of engagement as spelt out in official appointment letters which say that domestic staff salary be included on the Mission’s payroll, the auditor general said.

The report noted that the sum paid directly to the ambassador was “not a legitimate charge on Public Funds and has to be refunded.”

NON-COMPLIANCE WITH TSA

In a violation of the law, the embassy also failed to comply with the directive of remitting due sums into the Treasury Single Account, TSA, of the Federal Government.

This action, the report noted, negates a federal government circular: No. HC SF/428/S.1/.20 dated August 7th, 2015 which gave a specific directive to all Ministries, Department and Agencies, MDAs that collect revenue to close their respective revenue accounts and pay the proceeds into the Treasury Single Account (TSA) by 15th August 2015.

‘PILGRIMS ACCOMPANYING SCAM’

The report also noted that over the years, the embassy had reportedly developed a means of collecting money illegally from the Nigerian government in what it called Estacode allowance for accompanying pilgrims to religious sites.

During the audit examination of payment vouchers, it was observed that the total sum of $158,928.00 was paid as Estacode allowance to home-based staff to accompany Christian pilgrims from Nigeria to various religious sites.

It was revealed while going through supporting documents attached to the payment vouchers that these pilgrims were usually accompanied by officials from the Nigeria Pilgrims Commission, hence there was no need for embassy staff to escort them.

Following these variations, the Permanent Secretary of the embassy was requested to explain these irregularities in revenue collection, account for the sums in deficit and ensure a surcharge on officers involved.

Efforts made by PREMIUM TIMES to reach the embassy for comments on the report, or get the details of the ambassador in 2013, David Obasa, were unsuccessful as messages sent to the embassy’s official e-mail address were not replied, days after they were sent.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket


CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

2018 World Cup qualifiers: Zambia close gap on Nigeria

Next Post

Results of all African Qualifiers for Russia 2018 World Cup

Kemi Busari

Kemi Busari

Kemi Busari is a senior reporter covering the Nigerian Senate for PREMIUM TIMES. He has interest in human rights and has won awards for his works, including the Hans Verploeg Award and the PwC Business reporting award. Twitter: @kemi_busari

More News

COVID-19 vaccination [PHOTO CREDIT: @UNICEF_Nigeria]

COVID-19: Infections spike in Lagos as Nigeria records 247 new cases

June 25, 2022
Governor Dave Umahi of Ebonyi State

Umahi’s name missing as INEC publishes list of senatorial candidates

June 25, 2022
Bandits used to illustrate a story

Gunmen kill two, abduct 22 others in Abuja

June 25, 2022
Taiwo Awoniyi joins Nottingham Forest [PHOTO: TW @NFFC]

Awoniyi joins newly promoted Nottingham Forest in record move

June 25, 2022
Senate chambers during plenary. [PHOTO CREDIT: @NgrSenate on Facebook]

28 past, present governors who may be senators in 2023

June 25, 2022
Rabiu Kwankwaso met with the Rivers State Governor, Nyesom Wike

PHOTO NEWS: 2023: Kwankwaso, Wike in secret talk

June 24, 2022
Next Post
FIFA headquarters

Results of all African Qualifiers for Russia 2018 World Cup

Edwin Clark

Biafra: Nnamdi Kanu is talking nonsense -- Edwin Clark

Read All Comment

Search

AUN-PT Ad




Access Bank Ad







Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,894,107 other subscribers.

Advertisement




netherland biz school Advert



ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.