Home News How FG saved N500bn plugging leakages, wastages ― Perm Sec

How FG saved N500bn plugging leakages, wastages ― Perm Sec

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Federal Government was able to save N500 billion by plugging leakages and wastages in the Ministries, Department and Agencies (MDAs) of government, Permanent Secretary, Special Duties at Federal Ministry of Finance, Dr Mohammed Dikwa has disclosed.

Speaking while receiving the Alumni of National Institute for Policy and Strategic Studies (NIPSS), Abuja Chapter in his office on Tuesday said “over the last four years, this administration has put in place a lot of policies on ground and I am part of the financial policies put in place at the Ministry of Finance.

He enthused that one of his greatest achievements as head of Presidential Initiative for Continuous Audit (PICA) was saving the government over N500billion from leakages and wastages.

“It was because of this initiative that was put in place that we were able to save that money from treasury looters,” he said.

Dikwa told his guests that the primary focus of PICA, which he headed was to put systems and frameworks in place over finance and spending of government revenue.

“The Whistle-blowing Policy was initiated under my Chairmanship in PICA. We were able to succeed not only from recoveries but stopped people from doing the wrong things as far as the government circle was concerned.”

According to him, the Federal Government had in March 2018 through PICA recovered over N144.89 billion from corrupt officials through the implementation of the Whistle-blowing Policy.

“When we came up with the policy, an average of 11, 000 tips were received on a monthly basis, but now, we hardly receive 20 to 30 tips simply because people have reduced the wrongdoing in government.”

Before, funds are released to MDAs for a specific purpose, but before you know, the money would be diverted into other things, and nobody knows.

“The external auditors will not know, so we came in between the external and internal audit to ensure that the money that is being released into MDAs are spent for that purpose, and we held all the Account Officers accountable for every kobo released to them,” he said.

The major thing is to ensure transparency and accountability in the states and local governments. This has made the states buoyant.

 

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