Business A.M
No Result
View All Result
Wednesday, June 24, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Accountant general fails to explain N2.9bn IPPIS funds, Senators kick

by Admin
July 29, 2025
in Frontpage

Accountant general fails to explain N2.9bn IPPIS funds, Senators kick

The senate public accounts committee adjourned abruptly on Tuesday following the inability of the office of the accountant general of the federation to give details of the Integrated Payroll and Personnel Information System.

IPPIS is an information Communications technology project initiated by the federal government of Nigeria to improve the effectiveness and efficiency of payroll administration for its ministries, departments and agencies.

The accountant general was not available to answer an audit query raised against his office but his representative, who is a director in his office, Adiro Emmanuel, was unable to answer questions asked him by members of the senate panel.

The senators expressed anger over the director’s inability to provide necessary documents pertaining to the IPPIS account put at N2.9bn.

Unhappy that they could not achieve much with the probe, members of the Senate panel called for immediate adjournment of proceedings.

Senator Mathew Urhoghide, the chairman of the panel, adjourned the session and gave the Accountant General, two weeks to tidy his documents and make himself available to the panel.

The senate panel had requested the documents to assist it in its current probe of the queries raised by the Auditor General in his financial statement that indicted the Office of the accountant general.

The accountant general had told the Senate panel last week that the documents were available online and that his office could make them available on demand.

But on Tuesday, his representative gave an excuse that the office of the accountant-general had requested the documents from the Central Bank of Nigeria.

The accountant general was also unable to provide satisfactory response to why Nigeria’s share of funds dropped drastically from N200bn to N165bn in 2015.

On the query concerning the N596bn Ecological Fund and why the fund was not invested to yield more money for Nigeria, the accountant general’s explanation that it was against CBN policy to do so wasn’t satisfactory to the lawmakers.

Habiba Lawal, the permanent secretary, ecological fund in the office of the secretary to the federal government, explained that the fund in question did not belong to the Federal Government alone.

Admin
Admin
Previous Post

Research finds Nigeria, other African countries not prepared for cyber threat

Next Post

$750m oil stolen in 2019, says NNPC

Next Post

$750m oil stolen in 2019, says NNPC

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria’s Aiteo wins Libya's oil block as foreign firms return to Africa's largest oil reserve holder 

Nigeria’s Aiteo wins Libya’s oil block as foreign firms return to Africa’s largest oil reserve holder 

June 24, 2026
India’s telco Jio, eyeing $4bn IPO, targets Africa expansion, starting with Ghana 

India’s telco Jio, eyeing $4bn IPO, targets Africa expansion, starting with Ghana 

June 24, 2026
Fed

The Fed Has Been Honest and Stupid

June 24, 2026
Stitch in time! Take Nigeria’s economy back to drawing board

CBN’s exposure draft carrying shivers to bank holdCos boards

June 24, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria’s Aiteo wins Libya's oil block as foreign firms return to Africa's largest oil reserve holder 

Nigeria’s Aiteo wins Libya’s oil block as foreign firms return to Africa’s largest oil reserve holder 

June 24, 2026
India’s telco Jio, eyeing $4bn IPO, targets Africa expansion, starting with Ghana 

India’s telco Jio, eyeing $4bn IPO, targets Africa expansion, starting with Ghana 

June 24, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M