The Senate on Monday uncovered how the Board of Directors of Nigerian Security Printing and Minting Company Plc allegedly paid a N14bn salary increase to all its staff members without the approval of the National Salaries Wages, Incomes and Wages Commission.
The Chairman of the Senate Public Accounts Committee, Senator Ahmed Wadada, discovered during a session in the Red Chamber in Abuja when the management of NSPMC appeared before the committee concerning the 2019 report of the Auditor-General of the Federation.
The report of the Auditor-General revealed that between 2016 and 2019, the NSPMC’s Board of Directors approved N14bn for salaries and allowances without the approval of the salaries and wages regulatory body.
The Deputy Whip of the Senate, Senator Nwebonyi Onyeka, explained that government money was spent without due process, adding that the misappropriated fund should be refunded.
Peoplesmind
