Nigerian Senate has indicted the Office of Accountant-General of the Federation over its refusal to repay short term loans given to Ministries, Departments and Agencies, MDAs, from special funds accounts about 910 billion naira .
It uncovered this after a probe by the Senate Committee on Public Accounts, led by Matthew Urhoghide, Edo South, following the submission of 2017 Auditor General’s report.
According to the query, the loans and debts arose from Special Funds Accounts totaling over 910 billion naira and showed that the balance remained unpaid throughout the year, though they were designed to be short term.
Office of the Accountant-General, in its response, claimed that several letters were written to the then Minister of Finance to authorize the settlement of the loans granted against allocations of various MDAs. The office further said it had requested the minister to include the loans repayment in 2017 budget
