Saturday, 21 April 2018

Why I Authorized Extra N10bn For National Assembly – Adeosun

Following a report detailing how her ministry illegally approved N10 billion for the National Assembly, the Minister of Finance, Kemi Adeosun, has defended her action.

Adeosun, according to the report, released the money to the lawmakers, despite the N125 billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.

The minister, however, through a statement by her media aide, Oluyinka Akintunde, on Friday evening, confirmed releasing the fund, but insisted her action was legal.

“The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to a smear campaign by an online medium, Premium Times, of “illegally sharing of N10 billion from the national treasury”.

“The Honourable Minister wishes to debunk the entire mischievous and made-up report of the online medium which negates the ethics and professionalism of journalism. The article displays a worrying lack of understanding of Appropriation, Payments and Control, and therefore be disregarded by the public.

“The Minister further wishes to state that warrants are issued in accordance with Appropriation and after due approval by the Cash Plan Committee chaired by the Minister,” the statement read.

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