Nigeria's Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, is accused of requesting the transfer of N585.2 million from a public account to a private account in her ministry. The transfer violates Nigeria's Financial Regulations 2009 and is meant to prevent fraud and corruption. The funds were intended for a poverty intervention project called Grants for Vulnerable Groups.
Nigeria ’s Financial Regulations 2009 says, “Any officer who pays public money into a private account is deemed to have done so with fraudulent intention.”which shows that she requested the Accountant General of the Federation, Oluwatoyin Madein, to transfer public fund – N585.2 million – into a private account of an official in her ministry. The transfer contravenes various sections of Nigeria ’s Financial Regulations 2009, which are meant to prevent fraud and other forms of corruption.
According to the minister’s memo, the fund in question was transferred from the National Social Investment office account and is meant for disbursement to vulnerable people in Akwa Ibom, Cross River, Lagos, and Ogun states, under the federal government poverty intervention project called Grants for Vulnerable Groups. Mrs Edu said in the memo that the official, Bridget Oniyelu, whose private account with the United Bank of Africa the N585.2 million was paid into, is the project accountant. The minister said in the memo that N21
Nigeria Minister Public Funds Private Account Financial Regulations Corruption Poverty Intervention Project
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