How Federal Government Blocked Leakage of N50bn: The Nigeria Federal government said it has stopped the outflow of N500billion across Ministries, Departments and Agencies, MDAs, through the Presidential Initiative for Continuous Audit (PICA).
The Permanent Secretary, Special Duties, Ministry of Finance, Dr. Mohammed Dikwa, disclosed this on Wednesday once the National Institute for Policy and Strategic Studies (NIPSS) alumni visited him.
The minister also said, if the Presidential Initiative for Continuous Audit (PICA) wasn’t in place, the N500bn saved by the govt would are spent by MDAs.
Mohammed Dikwa added: “If you recall, over the last four years, this administration has place in great deal of policies on ground and that i am a part of the money policies place in situ by the Ministry of Finance.
“One of the basic achievements was saving the govt over N500bn from leakages and wastage below my leadership at PICA.
“If the Presidential Initiative for Continuous Audit (PICA) wasn’t active, this quantity of cash we have a tendency to ar talking concerning would are spent by MDAs.
“It was thanks to this initiative that was place in situ that we have a tendency to were ready to save that money from treasury looters.”
According to Dikwa, the first focus of PICA was to place control systems in situ to examine spare disbursal of presidency revenue.
“We have additionally place in situ such a big amount of alternative measures just like the Whistle-blowing Policy.
“When we have a tendency to came up with the policy, a median of 11000 tips were received on a monthly basis, but now, we have a tendency to hardly receive twenty to thirty tips just because individuals have reduced the incorrect doing in government.”