N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps
By Gift Chapi Odekina Director-General of the Budget Office of the Federation, Tanimu Yakubu, on Friday defended the agency’s role in the controversial budgetary allocation to the Presidential Foreign Investment Promotion Council (PFIPC), insisting that despite provisions made in the 2026 Appropriation Act, not a single kobo was released or spent because the statutory conditions for expenditure were never fulfilled.
Responding, the Budget Office DG said the agency acted strictly on official establishment approvals, recruitment waivers and salary structures issued by the appropriate statutory authorities.
Appearing before the House of Representatives Ad-Hoc Committee investigating the alleged unlawful establishment and funding of the council, the DG maintained that the Budget Office neither created the council nor approved its establishment, recruitment or salaries.
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