HomePoliticsFCT Councils Don Land For Hot Soup Over N100bn Financial Wahala

FCT Councils Don Land For Hot Soup Over N100bn Financial Wahala

Omo, wetin dey happen for Federal Capital Territory (FCT) na serious matter o! House of Representatives Public Accounts Committee don summon the chairmen and finance directors of six Area Councils. This one na over alleged financial wahala wey dey reach N100 billion!

Na this wahala burst from the Auditor-General report wey show say councils like Abuja Municipal, Bwari, Gwagwalada, Kuje, Abaji, and Kwali no dey follow the financial rules plenty. Dem show say some liabilities dey stack up to N7.65 billion as at December 31, 2021. Na only una fit imagine the kind una remittance wey no dey happen! Dem dey owe pension, VAT, and all those kind taxes wey be di backbone of government.

The report show say Gwagwalada dey hold non-current assets of N336 million wey dem no document well, e be like say dem wan make dem disappear! The way dem carry money for capital projects na another serious matter, as dem no fit account for 37 percent of wetin dem spend. Dem hammer N5.03 billion for AMAC alone, wetin dey shine on top all this troubles.

Hon. Bamidele Salam, wey be Public Accounts Committee Chair, don land waste no time to talk say dem don receive this audit report and don send letters to the chairmen of these councils. Dem tell dem make dem come show face on February 11, 2026. But he no gree make dem sit down do as dem like, warn say if dem no show, dem fit land for arrest! E mean say serious business dey ground here!

Salam yarn say public funds no dey supposed dey play hide and seek. E say anybody wey dem catch for this matter go face di music according to law. The report dey show how dem don dey mismanage funds anyhow, and wetin we go do now na to ensure say una go dey answer for di money wey people dey expect better from dem.

As he talk go, di Auditor-General mention say di whole areas for FCT get issues like unauthorised disposal of assets and non-remittance of tax wey go fit make anybody dey shake for their seats. This no be wahala wey dem fit just brush under carpet; public eye don dey watch as di wahala dey unfold.


Do you have a news tip for NNN? Please email us at editor @ nnn.ng


RELATED ARTICLES
- Advertisment -

Most Popular