Close Menu
FridayPosts
    Facebook X (Twitter) Instagram YouTube
    Trending
    • Tinubu’s Nigeria So Far: Ambition, Reform, and the Test of Governance
    • Why Nigerian Politicians Defect: The Real Cost to Democracy, Governance, and Voter Trust
    • Impact of Iran’s Fuel Price Changes on Nigeria’s Energy Sector
    • Speak Without Fear: Master Public Speaking Confidence in Nigeria
    • How to Build Daily Focus as a Leader
    • 7 Leadership Mistakes That Are Secretly Destroying Your Team’s Performance
    • Business Environmental Scanning: A Strategic Tool for Nigerian Companies
    • Competition Awareness for Sustainable Growth: Insights for Nigerian Businesses
    • Home
    • AAJ Consulting
      • Abuja Leadership Coach
    • Expert Insights
      • Business
      • Faith
      • Leadership
      • Lifestyle
      • Health
      • Personality of the Week
      • Relationships
      • Small Business
      • Technology
    • Best Classified Ads
    • Buy Books
    • Pay4Books
    • Sell Online
    • Podcast
    • Shop
    • More
      • About Us
      • Advertise With Us
      • Contact Us
      • Be A Contributor
      • Send News Tips
      • Privacy
      • Terms
      • EBooks
      • My account
        • Cart
    Facebook X (Twitter) Instagram YouTube
    FridayPostsFridayPosts
    Subscribe
    Wednesday, April 1
    • Home
    • AAJ Consulting
      • Abuja Leadership Coach
    • Expert Insights
      • Business
      • Faith
      • Leadership
      • Lifestyle
      • Health
      • Personality of the Week
      • Relationships
      • Small Business
      • Technology
    • Best Classified Ads
    • Buy Books
    • Pay4Books
    • Sell Online
    • Podcast
    • Shop
    • More
      • About Us
      • Advertise With Us
      • Contact Us
      • Be A Contributor
      • Send News Tips
      • Privacy
      • Terms
      • EBooks
      • My account
        • Cart
    FridayPosts
    Home»Business

    Senate blames loss of N1tr on non-execution of audit reports

    Chief EditorBy Chief EditorMay 11, 2023 Business No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    • Over N46b grants for schools not accessed by states, says UBEC

    The Senate, yesterday, said about N1 trillion has been lost to delay by the executive arm of government in executing the chamber’s report against agencies that breached financial regulations.

    Vice Chairman of Public Accounts Committee, Senator Hassan Hadejia, who briefed journalists after a plenary session, said a bill is being put together to curb the delay.

    He said: “The total money we have recovered, so far, and which we have said should be refunded, amount to over N1 trillion.

    “We have submitted our reports to the executive arm of government. But up till now, we have not even got an acknowledgement from the executive.”

    He added: “The report we submitted is sacrosanct. There’s nothing to add or remove. We have been able to identify those who misappropriated government funds and we have also traced where the money is. We have recommended that the money be retrieved. But up till today, nothing has been done.”

    Also, Universal Basic Education Commission (UBEC) has said over N46 billion matching grants for development of public primary and junior secondary schools have not been accessed by some state governments.

    Acting Executive Secretary, Prof. Bala Zakari, stated this during an oversight visit to the Commission by the Senate Committee on Basic and Secondary Education, in Abuja, yesterday.

    Presenting the 2022 capital budget implementation report, Zakari said N162 billion was allocated to states as Universal Basic Education (UBE) grants between 2019 and 2022 while N116 billion was accessed by 36 states and the Federal Capital Territory (FCT).

    He said: “The sum of N46 billion is the total of un-accessed UBE matching grants, as of April 30, 2023, by the 36 states and the FCT.

    “Between 2019 and 2022, N162 billion was allocated to the states, being UBE grants. As of April 30, 2023, N116 billion was accessed by 36 states and the FCT, representing 71.52 per cent as of April 30, 2023. As at the time of reporting, only 11 states accessed 2022 matching grant funds.”

    He disclosed that in 2019, 35 states and the FCT accessed 2019 allocation, with one state (Anambra) yet to access the grant as of April 30, 2023.

    For 2020, he said: “Thirty states and the FCT accessed matching grants. Six states -Abia, Adamawa, Anambra, Ebonyi, Kwara and Ogun – are yet to access 2020 UBE matching grants as of April 30, 2023. Twenty-nine states have accessed 2022 matching grants projects, while seven states and the FCT are yet to access 2022 UBE matching grants as of April 30, 2023.

    “In 2022, 11 states – Bayelsa, Cross River, Delta, Ekiti, Jigawa, Kaduna, Kano, Nasarawa, Ondo, Taraba and Zamfara – accessed 2021 UBE matching grants. Twenty-five states and the FCT are yet to access 2022 UBE grants as of April 30, 2023.”

    Earlier, the Chairman, Senate Committee on Basic and Secondary Education, Ibrahim Gaidam, said it was important to ensure money released by the government is used for the intended purpose.

    Gaidam, who was represented by Vice Chairman of the Committee, Akon Eyakenyi, said the visit was to also confirm implementation of the 2022 budget of the Commission and proposal for 2023.

    The committee stressed the need for state governors to key into UBEC projects by accessing funds to shore up the nation’s basic education sector.

    [Article Source]

    Post Views: 46

    Comments

    comments

    FCT Senate Universal Basic Education
    Chief Editor
    • Website
    • Facebook
    • X (Twitter)

    As the Editor-In-Chief at Fridayposts, my commitment is to make valuable, insightful and useful articles and latest news contents available to our highly esteemed readers and subscribers.

    Keep Reading

    Business Environmental Scanning: A Strategic Tool for Nigerian Companies

    Competition Awareness for Sustainable Growth: Insights for Nigerian Businesses

    Nigeria’s Call for a New World Order on Debt: Beyond Words at the United Nations

    Nigeria’s Central Bank Cuts Key Rate for First Time Since 2020: What It Really Means for the Economy, Businesses, and Households

    Wang Laboratories: Leadership in Action Case Study

    Get 10% Discount on Books, Ebooks & Audiobooks – Pay4Books Promo 2025

    Add A Comment
    Leave A Reply Cancel Reply

    Sponsored Ads
    Products
    • You Are A Prophecy To Be Fulfilled: How to Recognize, Receive, and Realize God’s Purpose for Your Life - Revised & Expanded Edition (Hardcover) You Are A Prophecy To Be Fulfilled: How to Recognize, Receive, and Realize God’s Purpose for Your Life - Revised & Expanded Edition (Hardcover) ₦30,000.00 Original price was: ₦30,000.00.₦28,390.00Current price is: ₦28,390.00.
    • You Are A Prophecy To Be Fulfilled: How to Recognize, Receive, and Realize God’s Purpose for Your Life - Revised & Expanded Edition (Paperback) You Are A Prophecy To Be Fulfilled: How to Recognize, Receive, and Realize God’s Purpose for Your Life - Revised & Expanded Edition (Paperback) ₦19,000.00 Original price was: ₦19,000.00.₦16,430.00Current price is: ₦16,430.00.
    • Phases in Spiritual Leadership: How God Shapes Ordinary Believers into Trusted Kingdom Leaders Through a Spiritual Process - Second, Revised & Expanded Edition (Hardcover) Phases in Spiritual Leadership: How God Shapes Ordinary Believers into Trusted Kingdom Leaders Through a Spiritual Process - Second, Revised & Expanded Edition (Hardcover) ₦28,000.00 Original price was: ₦28,000.00.₦24,817.00Current price is: ₦24,817.00.
    • Phases in Spiritual Leadership: How God Shapes Ordinary Believers into Trusted Kingdom Leaders Through a Spiritual Process - Second, Revised & Expanded Edition (Paperback) Phases in Spiritual Leadership: How God Shapes Ordinary Believers into Trusted Kingdom Leaders Through a Spiritual Process - Second, Revised & Expanded Edition (Paperback) ₦19,500.00 Original price was: ₦19,500.00.₦16,430.00Current price is: ₦16,430.00.
    • The Major Baton Transferred: Rediscovering God’s Kingdom Mandate for Dominion and Influence (Hardcover) The Major Baton Transferred: Rediscovering God’s Kingdom Mandate for Dominion and Influence (Hardcover) ₦22,000.00 Original price was: ₦22,000.00.₦18,450.00Current price is: ₦18,450.00.
    JUST IN

    Tinubu’s Nigeria So Far: Ambition, Reform, and the Test of Governance

    March 21, 2026

    Why Nigerian Politicians Defect: The Real Cost to Democracy, Governance, and Voter Trust

    March 21, 2026

    Impact of Iran’s Fuel Price Changes on Nigeria’s Energy Sector

    March 21, 2026

    How to Build Daily Focus as a Leader

    February 17, 2026

    7 Leadership Mistakes That Are Secretly Destroying Your Team’s Performance

    February 17, 2026
    • NIGERIA
    • POPULAR POSTS

    Be a Leader Indeed, the One that Inspires!

    July 15, 2025

    Enroll ‘Total Christian Certification’ Course: Transform Your Faith, Lead with Purpose, Live Fully in Christ | Hubpile | KPA | KPM

    April 6, 2025

    Petrol Price Hike: NLC and Atiku Warn of Dire Consequences as Nigerians Face Economic Hardship

    September 9, 2024

    Small Investment, Big Returns: A Guide to Launching a Business in Nigeria with 100k Naira or Less

    August 29, 2024

    Uzza, The Ark of Covenant And The Tale of Sisters Nicki And Tasha

    August 31, 2017

    Tips for Newly Weds: How to Make a Beautiful Home

    January 21, 2017

    Towards Your Destiny: You May Not Look It Now!

    September 6, 2016

    Death Sentence for Kidnappers in Nigeria: What Were Senators Waiting For?

    May 5, 2016
    Podcast This Week

    Subscribe to Updates

    Get the latest creative news from Fridayposts.com about politics, leadership and business.

    FOLLOW US
    • Facebook
    • Twitter
    • YouTube
    • WhatsApp
    Exchange Rate

    Exchange Rate USD: Wed, 1 Apr.

    Type above and press Enter to search. Press Esc to cancel.