Fg Misused N994bn Special Funds In 5 Yrs- NEITI

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The federal government  misused N994.17 billion out of the amount allocated to the various funds dedicated for special purposes from 2007 to 2011, an audit by the Nigeria Extractive Industries Transparency Initiative (NEITI) has said.

The amounts discovered in the audit are either unremitted or applied for another purpose, the report said. Presenting the report yesterday in Abuja, the Chairman, NEITI Board, Mr Ledum Mitee, said the audit for the Fiscal Allocations and Statutory Disbursement Audit is first of its kind in the history of NEITI. Continue Reading

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