The Federal Ministry of Finance has firmly denied allegations that it awarded N13 billion in contracts with out due course of, emphasizing its strict adherence to current procurement laws.
The ministry issued an official assertion, signed by the Director of Info and Public Relations, Mohammed Manga, refuting claims that contracts associated to the Presidential Initiative on Compressed Pure Fuel (Pi-CNG) and different ongoing initiatives violated authorized procedures.
Manga clarified that every one contracts had been awarded in full compliance with the Public Procurement Act, dismissing accusations of corruption or irregularities as fully unfounded and with out benefit.
Dedication to Transparency and Accountability
Reaffirming the ministry’s dedication to transparency, Manga acknowledged that the management below Minister Wale Edun and Everlasting Secretary Lydia Shehu Jafiya has constantly prioritized accountability in monetary governance.
“The ministry, below the management of Mr. Wale Edun and Mrs. Lydia Shehu Jafiya, stays dedicated to transparency and accountability in its operations. This dedication is mirrored within the efficient administration of the nationwide financial system.”, he acknowledged.
Acknowledging the function of the media in selling good governance, Manga urged journalists to confirm info earlier than publication, warning that authorized motion could be pursued in opposition to false or malicious claims.
“The ministry unequivocally states that no contracts had been awarded with out due course of at any time,” he reiterated.
Defending the Ministry’s Financial Insurance policies
Manga described the allegations as intentionally deceptive, asserting that they had been meant to wreck the ministry’s fame and divert consideration from its ongoing financial restoration efforts. He emphasised that the ministry’s actions align with the Renewed Hope Agenda of President Bola Tinubu’s administration, which focuses on strengthening Nigeria’s financial basis via accountable governance and financial insurance policies.
Because the ministry continues its nationwide monetary initiatives, officers stay agency of their stance that procurement and contract approvals adhere strictly to authorized frameworks, guaranteeing accountability and belief in authorities expenditures.
What you need to know
Final month, the Federal Authorities launched a Credit score Scheme value N2.5 Billion to encourage the conversion of autos to the usage of Compressed Pure Fuel (CNG) and the manufacturing of kits.
- The initiative is claimed to be pushed by a collaboration involving the Ministry of Finance, Credicorp, and the Presidential Compressed Pure Fuel Initiative (PCNGi).
- In keeping with an announcement by the Presidential Compressed Pure Fuel Initiative (PCNGi), the credit score scheme is tagged Credit score Entry for Gentle and Mobility (CALM).
It was acknowledged that the initiative is geared toward easing vitality and transportation prices in Nigeria.
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