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FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA - Education - Nairaland

Nairaland Forum / Nairaland / General / Education / FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA (22174 Views)

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FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Ctorch: 9:40am On Feb 05
The Federal Government’s audit report has revealed irregularities of more than N1.2bn in the 2015, 2016 and 2017 finances of the Federal University of Technology, Owerri, Imo State, and  the University of Abuja.

The 2017 report from the Office of the Auditor General of the Federation titled, ‘Auditor General’s Annual Report on the Accounts of the Federation of Nigeria 2017,’ showed that FUTO had more than N611m  irregularities in its expenses between 2016 and 2017, while UNIABUJA  had over N560m for 2015.

The report noted that the vice-chancellors of the universities during the years under review must be made to answer for the money unaccounted for.

For FUTO, the report highlighted about 10 areas where there were financial infractions between 2016 and 2017. These ranged from “payments without raising payment vouchers put at N43,543,129; payment of unapproved allowances put at N244,325,021, and payment to contractor for jobs not done at N34,252,304.”

The report partly read, “During the periodic checks conducted at the Federal University of Technology, Owerri, for the period January 1, 2016 to December 31, 2017, the following were observed; payments without raising payment vouchers – N43,543,129.34. Payments totalling N43,543,129.34 were made without raising payment vouchers, in violation of Financial Regulation 601 which provides that payment vouchers must be raised before any payment is made.

“Response from the university on the above issue failed to address the issue.

“The recommendation is that the vice-chancellor has been requested to account for the sum of N43,543,129. Also, sanctions stated in financial regulation 3106 should be imposed on the vice-chancellor.

“Also, payment of unapproved allowances put at N244,325,021.26. It was observed from sampled payment vouchers that a total of N244,325,021.26 was paid to staff as allowances for recharge cards, council incentives, security shift, contract addition allowances, etc., from personnel cost between 2016 and 2017. Documents conveying approval for such payments from the National Salaries, Incomes and Wages Commission could not be made available during the periodic check.”

For the University of Abuja, the  report noted that the institution had unaccounted payments put at N17,924,585; payment of unapproved allowances at N84,748,382, among other infractions.

The report added, “During the periodic checks of the University of Abuja, for the 2015 financial year, the following observations were made. One, unaccounted payments – N17, 924,585; 27 payment vouchers totalling N17,924,585 were paid to a staff of the university for printing services and jobs. The amount should have been made direct to the University Bookshop or University Printing Press rather than personal account of the officer.

However, there was no record of utilisation of the various amounts collected by the payee in order to ascertain transparency, probity and accountability of the transactions. Our recommendation is that the vice-chancellor is required to account for the sum of 17,924,585 and forward evidence to me for confirmation.

“Also, payment of unapproved allowances is put at N84,748,382. Furthermore, there is diversion of funds through fictitious contract which is put at N23,921,250.”

A civil society, Paradigm Leadership Support Initiative, while reacting to the report, asked the Independent Corrupt Practices and other related offences Commission and  Economic and Financial Crimes Commission to investigate the  universities and recover allegedly misused funds.

The PLSI Executive Director, Olusegun Elemo,  said in a statement, “Anti-corruption agencies, particularly the ICPC and the EFCC, should investigate the transactions and recover the money  and return it   to the federal  treasury.

“The university authorities should also ensure strict compliance with relevant fiscal provisions and procurement laws in the implementation of new contracts.”

When asked for comment,  spokeswoman for FUTO, Mrs Uche Nwaelue, asked our correspondent to forward to her a copy of the  report, while promising to get back to our correspondent.

However, she had yet to get back to our correspondent as of the time of filing this report.

Spokesman for UNIABUJA, Dr Habib Yakoob, could not be reached for comment on Tuesday as his line rang out.

https://punchng.com/fg-uncovers-n1-2bn-fraud-at-futo-uniabuja/?fbclid=IwAR0pdhx4Nib6-evCQpmp8ydKrVaBxc5hWTnpASUlAVpZ_ezB5jJVADgoU-4

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Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by coolcharm(m): 9:42am On Feb 05
Hmmm...

This corruption has eaten deep into the fabrics of our society.

Institutions of learning aren't even spared.

21 Likes 1 Share

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by MelesZenawi: 9:45am On Feb 05
Same professors stealing like tomorrow no dey will still expel students for malpractice and cultism.



These are one of the issues showing that Nigeria university education is a trash.

No sincerity even from the academics themselves.

If they can rig election, what will they not do.

55 Likes 3 Shares

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by helinues: 10:06am On Feb 05
You see the people producing Nigeria future leaders?

37 Likes 2 Shares

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by donstan18(f): 12:08pm On Feb 05
When it comes to reasonable and working VC, you just have to count FUTO out.

They are always unlucky with VCs

42 Likes 1 Share

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Sirheny007(m): 12:08pm On Feb 05
If you do not know, know it now.

There is no University or Polytechnic, or COE in Nigeria where fraud and embezzlement is not happening.
IT IS EVERYWHERE!!

57 Likes 3 Shares

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Stephendeals: 12:09pm On Feb 05
shocked

E be Things!

Monies that should have been used to get latest ICT products from me or put proper infrastructure in place for the universities have been siphoned, corruption and high-handedness in all quarters must be eliminated to make Nigeria Great.


10 Likes 3 Shares

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by JohnnyPalmer: 12:09pm On Feb 05
FG itself is a fraud

A leading example others are following

Who is auditioning the Nation's account?

The level of looting in this Nation, even the devil will be shocked

We are still recovering Abacha's money

Abacha's money: hundreds of millions of dollars.... Had been saving us for more than 2 decades.... Yet we are still in debt

We masses can't feel the effect of what the money is used for, A case of thief steal another thief collect

Nigeria is another jungle.... With stupid leaders

10 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Captainrambo2: 12:09pm On Feb 05
Fg uncovers fraud. What a joke.


Fg is the fraud

5 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by LaMujer: 12:09pm On Feb 05
see ehn, whether or not we like it, the whole Nigeria as a whole is corrupt. this is not a matter of Buhari or not. It is stinking that all we care about is how to beat the system, and never how to earn legally. smh. I already gave up on this country long ago sha, i'm not surprised

13 Likes 1 Share

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by LakersZz: 12:10pm On Feb 05
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by tammie24: 12:10pm On Feb 05
E dey happen

Waiting for them to uncover the one happening in Aso Rock

Yeye

1 Like

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Pedrotina11: 12:10pm On Feb 05
Evrytym uncover fraud in billions...they are uncovering ....billions are still been stolen...na wa ooo...Na so we go dey uncover...Baba help us oo
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by seankafor(m): 12:10pm On Feb 05
School for naija na just fulfilment of formalities..

These lectures are full time wankers that doesn't give a flying fvck what happens to the students.

9 Likes 1 Share

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Dupepython: 12:10pm On Feb 05
So money dey these institutions like these mmmm

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by TroubleMaker47(m): 12:11pm On Feb 05
This is Nigeria!
Everybody be criminal!
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by lastempero: 12:11pm On Feb 05
Dumb ass vcs

4 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Kendumazy(m): 12:11pm On Feb 05
Inside life. The educational sector that's meant to teach students not to be corrupt is corrupt.
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Slawormir: 12:12pm On Feb 05
Damnnnnn niggarrr
More Discovery is still loading
God bless buhari the real nigggar

donstan18:
When it comes to reasonable and working VC, you just have to count FUTO out.

They are always unlucky with VCs
Damnnnnn
Your boyfriend must be a real niggarrr

But Uniben is worse
Only oshodin was okay

Faraday was a disaster

We are waiting if Mrs salami is going to be good

4 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by HajiMT: 12:13pm On Feb 05
Universities are established to conduct researches and solve problems bedeviling the world. The case is not so in Nigeria. When for instance, a business/company is having problems in the advanced nations, they consult universities professors for solution. Here, business people consult babalawos , Imams and Pastors for non-existent solution. Our academics, just like most Nigerians are only interested in milking the nation's treasury

9 Likes 1 Share

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by NaijaOlosho(f): 12:13pm On Feb 05
grin
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by MelesZenawi: 12:13pm On Feb 05
donstan18:
When it comes to reasonable and working VC, you just have to count FUTO out.

They are always unlucky with VCs

I learnt the current VC is a thief on his own.
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Ayoswit(f): 12:13pm On Feb 05
K
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Ukodo1123: 12:14pm On Feb 05
Authorities in Nigerian Universities are bunch of thieves including state own University when it come to accountability,

The Govt pay their salaries, provide money for grant and research and provision of infrastructures etc,now d big question is the money acquire during sales of form, school fess, acceptance n other criminal fees they collect from student, where are all this money going to?

5 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by Brunicekid(m): 12:15pm On Feb 05
This is really bad.
Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by arodavoo(m): 12:15pm On Feb 05
Awon ole olosha


check my profile to learn importation from china, Turkey, Malaysia USA and UK

And also importation of Hair from India, Cambodia and Vietnam....I would teach you all of this for a discount price of #1500

1 Like

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by golddare: 12:15pm On Feb 05
Ctorch:


https://punchng.com/fg-uncovers-n1-2bn-fraud-at-futo-uniabuja/?fbclid=IwAR0pdhx4Nib6-evCQpmp8ydKrVaBxc5hWTnpASUlAVpZ_ezB5jJVADgoU-4

Do you think those guys fight to be VC for nothing? Every where is damn too corrupt, I cant just think of one place that is not corrupt.

3 Likes

Re: FG Uncovers N1.2bn Fraud At FUTO, UNIABUJA by slickbak(m): 12:15pm On Feb 05
Money no dey, Money no dey.......
Buy handout, buy handout.....
"Teachers no longer getting rewarded in heaven"

1 Like 2 Shares

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