-The annual audit report by the Auditor-General uncovered over N4.64 billion in unapproved spending by the Federal Ministry of Works and Housing, highlighting financial irregularities such as payments without proper documentation and extra-budgetary expenditures.
-The report cited weak internal control mechanisms in the Ministry, leading to misappropriation risks, including payments without required payment vouchers, and unapproved transfers to project accounts.
-The Ministry incurred extra-budgetary expenses of N2.89 billion, including N1.88 billion spent without legislative appropriation, violating constitutional mandates for legislative approval.
-The report revealed that contracts worth N493.97 million were awarded to unregistered companies, including instances where companies were paid before being registered with the Corporate Affairs Commission (CAC).
-The audit recommended the recovery of misappropriated funds, implementation of sanctions for officials involved, and reform of procurement processes to prevent further financial mismanagement.
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