The President Muhammadu Buhari’s government under the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) disbursed N762,730,000 grants to 13,160 beneficiaries but could not produce the names and addresses of the people.


The 2018 government’s audit report, obtained by SaharaReporters, revealed that SMEDAN, which disbursed the grants, failed to document “the names of the micro enterprises, physical addresses, phone numbers, electronic mail and key contact persons.”

SaharaReporters learnt that the N762 million was disbursed under the Conditional Grant Scheme for Micro and Small Enterprises growth across the six geopolitical zones of the country.

SaharaReporters gathered that the benefiting states were Benue, Katsina, Gombe, Akwa Ibom, Ebonyi and Oyo.

The SMEDAN authorities in the audit report by the 2018 Auditor-General of the Federation’s Report of the Accounts of the Federation of Nigeria, had stated that 13,160 micro enterprises selected from the six pilot states benefitted from the grants.

The government’s audit report noted that SMEDAN, however, could not produce the names of enterprises it disbursed the monies to, while asking the Director-General to account for the N762 million grants and recover the same to the treasury of the Federal Government.

The audit report partly reads, “Unsubstantiated Payment of Conditional grant to micro enterprises – N762,730,000; the provision of Financial Regulation 603 states that, 'All vouchers shall contain full particulars of each service, such as dates, numbers, quantities, distances and rates, so as to enable them to be checked without reference to any other documents and will invariably be supported will relevant documents such as local purchase orders, invoices, special letters of authority, timesheets, etc.'


“We observed during the audit that, the sum of N762,730,000.00 was disbursed through various financial institutions to beneficiaries of Conditional Grant Scheme for Micro and Small Enterprises growth in the six geopolitical zones.

“However, vital information such as names of micro enterprises, physical addresses, phone numbers, email addresses and key contact persons was not made available for verification, in contravention of extant laws and regulations.


“This infraction was due to the failure of the Director-General to strictly comply with extant laws and regulations, especially as it relates to providing vital information and attaching key supporting documents to payment vouchers.


“The risk is that the agency may carry out expenditures without providing vital information and supporting documents thereby exposing the government to possibility of fraud and ultimately loss of funds.”

SaharaReporters was told that when the audit department contacted SMEDAN, it hurriedly provided only the list of beneficiaries in Akwa Ibom State, but “the attachment made for Akwa Ibom did not contain the amounts disbursed to each of the beneficiaries and their signatures showing completion of transaction. Their response therefore did not adequately address the audit issue raised.”


The report said further, “The Director General is required to provide full list of the beneficiaries containing their location in the six pilot states i.e. names, amount disbursed, contact addresses, phone numbers, email addresses and signatures showing evidence of collection of this fund to the Public Accounts Committee of the National Assembly and the Office of the Auditor-General for the Federation. Otherwise he should account for the sum of N762,730,000.00 supposedly disbursed to the financial institutions on behalf of the beneficiaries.”

http://saharareporters.com/2021/06/25/exclusive-buhari-government-disburses-n767million-grants-13000-beneficiaries-without

Mynd44 Lalasticlala

Very anyhow & corrupt administration that thrives on falsehood about fighting corruption ...
We have never had it thus bad reason as youth come 2023 the onions is on us to vote for a YOUNG VISIONARY LEADERSHIP!!!

@Seniorwriter

Dear Readers,



Imagine if this gross misappropriation of Nigeria's money was squandered like this to the imaginary 13,000 nameless beneficiaries under the Goodluck Jonathan administration, zombies would have stormed this thread and call GEJ unprintable names.


But since it happened under the watchful eyes of Baba lifeless A.K.A "Mr. Integrity" let us just laugh it off and blame the PDP as usual.

I registered and applied for this SMEDAN stuff but nothing came out because I am from South South.

All this and that grants are waste of funds and Avenue to loot.
Even the ones they have their data are not paying back.
Every month you collect 30k without doing anything.
Is that not corruption

The corruption in Buhari's govt is with impunity. Mr integrity my foot, Anini is a saint where Buhari is. But his online urchins like: Helinues, Monogamy, Seun msg, the Vulture griller will keep defending the thief. Well na una Job,if you don't do it who will?

The werey dead meatbbqgrill will blame it on the past govt. Cos darling daddy surbodinates cant even still 1# mad people.

This government is just clueless.

Bla bla . Wailing Sahara with their children of frustration.

Everything about Nigeria will always have elements of corruption in it. That doesn't take away anything from the Buhari administration's social investment program, It's the biggest and most effective in the history of this Country.


If this report is true, the EFCC should investigate and prosecute the culprits immediately.

Unknown's......again?

[img]https://media1./images/c9871e568e065ec0bfa1d52a52de15c2/tenor.gif?itemid=13112899[/img]

As expected, source, Sahara Deserted

Nigeria entered one chance

Monogamy:
As expected, source, Sahara Deserted

There is a reason other Zone Bs avoid some threads

You must be a baby Zone B

2020 covid-19 financial report and same data on disbursement is also missing

Is Sahara reporters writes on it tomorrow, you will be on the thread too

Foaming in the mouth cos that's what you are doing here

PlayMaker14:
Dear Readers,



Imagine if this gross misappropriation of Nigeria's money was squandered like this to the imaginary 13,000 nameless beneficiaries under the Goodluck Jonathan administration, zombies would have stormed this thread and call GEJ unprintable names.


But since it happened under the watchful eyes of Baba lifeless A.K.A "Mr. Integrity" let us just laugh it off and blame the PDP as usual.

In the words of apc stalwarts, these things didnt start in our govt, we inherited it.
Na so dem dey talk...
Very useless people.
U rode under the mantra of change but it seems u r competing with continuity in all bad we campaign against.
God punish those supporting buhari
Those who r in this forum praising buhari in Jesus name.

The same old man that was calling Goodluck a currupt man is now the one sharing our Niger Delta money with his almajiri abokey moslems brothers.
*spits

I have never seen anyone who knows anyone that benefited from that program. I didn't hear anything from them after applying neither did other persons I know

Monogamy:
As expected, source, Sahara Deserted

Sowore more better than your generation

Too bad for the country. How I wish 2023 will come sooner than expected.