‘No kobo released’ – Budget Office breaks silence over spending on PFIPC

The Budget Office of the Federation has denied spending a dime connected the contentious Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, PEAC/PFIPC.

The Director-General of the Budget Office of the Federation, Tanimu Yakubu, made this clarification on Friday when helium appeared earlier the House of Representatives advertisement hoc committee probing the constitution and budgetary provisions of the PEAC/PFIPC.

Yakubu stressed that portion the National Assembly approved funds for the council, the statutory conditions required to release, pay, oregon walk the wealth were ne'er met.

“The decision is firm. Not 1 kobo of the unit proviso could lawfully person been drawn, and not 1 kobo was drawn. The overhead proviso ne'er matured into a lawful currency release.

“The superior proviso ne'er matured into procurement oregon expenditure. The conditions required for spending were not met and were not adjacent to being met. There is truthful nary unit expenditure to recover. The wealth ne'er moved due to the fact that the controls held,” Yakubu said.

According to him, the Budget Office wit...