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Accountant-General’s office fire: FG reacts to claims of missing N700 billion

Chike Olisah by Chike Olisah
April 10, 2020
in Business News, Politics
Mrs. Zainab Ahmed, FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion, Don’t over heat bleak economic outlook – Finance Minister, FAAC meeting ends abruptly as members disagree over revenue allocation for FG, States, LGs, Nigeria’s total debt portfolio as at December 2019 stands at N27.4 trillion, Accountant-General’s office fire outbreak: FG reacts to claims of missing N700 billion

Zainab Ahmed, Finance Minister

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As a fall out of the fire incident that recently gutted the office of the Accountant-General of the Federation, the Federal Government has denied news making the rounds that it lost the sum of N700 billion COVID-19 relief funds to the incident.

This information was contained in a Twitter post from the official handle of the Federal Ministry of Finance, Budget and National Planning, which was shared in the early hours of Friday, April 10, 2020.

The Finance Ministry said that the Minister for Finance, Budget and National Planning, Zainab Ahmed, did not attend any press conference or interview where she made such claims. While describing that piece of information as fake news, the Finance Ministry noted that no money was lost as a result of the fire incident. It was also clarified that the total donations that have so far been received towards the Covid-19 relief fund are less than N30 billion. The

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“The general public should take note. Zainab Ahmed did not grant a press conference or any interviews. No funds were lost in the fire at the Accountant General’s Office which was contained in two rooms. Donations are under N30 billion to date. this is pure mischief and should be disregarded.’’

(READ MORE: Lagos Airport hotel fire razes three vehicles)

Tweets by FinMinNigeria

Backstory; It could be recalled that on Wednesday, April 8, 2020, a fire outbreak occurred at the capital unit of the Treasury House where the Office of the Accountant General of the Federation is located. The capital unit is where all the capital releases to Ministries, Departments, and Agencies of government are made. The fire incident started on the third floor was later put off by men of the Federal Fire Service about 2 hours later.

READ ALSO: FG crafts ten-year economic plan to replace ERGP 

Following this incident, some sections of the media reported that the Finance Minister granted a press interview where she stated that the government lost N700 billion COVID-19 relief funds as a result of the fire. It was also claimed that the funds were meant for the Southeast and Southwest parts of the country.

Perhaps this reinforces the calls for reforms and stricter regulations by the government aimed at curtailing the high incidents of fake news dissemination through the controversial social media bill which is currently before the National assembly.


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Tags: Accountant General of the FederationBusiness news in NigeriaCoronavirus outbreakCOVID-19 relief fundsFederal Ministry of FinanceFormer Minister of Finance Zainab AhmedOn the Money
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. ALFA IBRAHIM OLAREWAJU OYESHOLA says:
    April 12, 2020 at 10:18 am

    Naa only GOD help poor people in Nigeria. Why they don’t share the money true BVN or VOTERS CARD? Well i don’t blame them they all know what they are doing they know what they want to do with the money already that is why they don’t share the money on time.

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