Probe ₦78.8bn cash transfer scandal, SERAP tells Tinubu

18 million to state coordinators for the enrolment of unbanked beneficiaries’, but the Auditor-General is concerned that ‘the money remained unaccounted for, with no adequate beneficiary lists, acknowledgements or other supporting documentation.” “The failure to provide basic payment records and beneficiary information capable of establishing that public funds reached genuine beneficiaries undermines public confidence in the cash-transfer programme and creates a serious risk that funds intended for some of Nigeria’s poorest and most vulnerable citizens may have been lost, misapplied or paid to persons who were not entitled to receive them.’” “SERAP is particularly concerned that the audit findings reveal repeated failures of basic financial and administrative controls, including the failure to conduct mandatory prepayment audits, missing payment and procurement records, payments for goods and services that could not be verified, inadequate beneficiary documentation, questionable procurement processes and unaccounted-for public funds.