BudgIT urged President Muhammadu Buhari to investigate how government funds are being paid into personal accounts.
This call was made after a study of the Federal Government ‘s Open Treasury Initiative.
On 9 December 2019, the Buhari administration launched the Open Treasury Portal.
The purpose is to make government spending more transparent.
BudgIT released its Open Treasury report on Thursday entitled “OpenTreasury.gov.ng Nigeria ‘s Spending Platform: Review, Gaps, and Recommendations”
It noted that the sums were paid into personal accounts, including several records with vague descriptions.
BudgIT discovered over 5000 payments without descriptions to the tune of N278 billion.
It found over 2,900 payment records totaling N51 billion paid into personal accounts with vague descriptions.
In one, payment for “Ogunsuyi” was made for N68m and as a description for “international” N15.8m.
Following the launch, the All Progressives Congress ( APC), said it affirmed Buhari ‘s determination to tackle corruption in the public sector and plug leakages in the public treasury.
It called it a novelty under Buhari ‘s Presidency in pursuit of open governance, transparency, and the fight against corruption.
APC spokesperson, Lanre Issa-Onilu, said in a statement, “Those who want to do business with the government should understand that everything would be done openly from now on.
He noted that every Nigerian now has access to every naira the government is making, every naira it is spending and on what it is being spent.
“In the fight against public sector corruption, the OTP complements other initiatives such as the administration’s full implementation of the Treasury Single Account (TSA) which has increased the level of accountability and transparency in the financial resources of the government; stoppage of budget padding, contrary to what we witnessed throughout the 16 years of the Peoples Democratic Party (PDP) and pruning out thousands of ghost workers through the stricter implementation of Integrated Personnel Payroll System (IPPIS).
“To name a few of OTP ‘s requirements, all MDAs shall publish daily N5m payment reports; monthly budgetary performance; quarterly financial statements; and annual accounts prepared in accordance with International Public Sector Accounting Standards (IPSAS).
“All reports shall be published on the OTP portal within stipulated deadlines, open to and accessible by all,” wrote Issa-Onilu.