Skip to main content

Nigeria government's audit removes nearly 24,000 non-existent workersNo.of Visitors of this News

The Nigerian government has removed nearly 24,000 workers from its payroll after an audit revealed they did not exist, the Finance Ministry has said.

The move has enabled a monthly saving of around $11,5m (£8m).

The audit is part of an anti-corruption campaign by President Muhammadu Buhari, who took power last year.

Corruption and mismanagement have long been a challenge to Nigeria's growth, and the government has promised to cut costs to face an economic slowdown.

Nigeria is Africa's biggest economy and the continent's top oil producer, and its finances are under strain due to the recent collapse in oil prices.

The country has also faced rising inflation, a stock market slump and the slowest pace of economic growth in more than a decade.

Nigeria's budget fiasco

Is corruption Nigeria's biggest challenge?

Profile: Muhammadu Buhari

The audit started in December used biometric data and a bank verification number to identify holders of bank accounts into which salaries were being paid, Reuters news agency reports.

This process allowed the identification of some workers who were receiving a salary that did not correspond to the names linked to the bank accounts.

Nigeria's economy

Africa's largest economy, biggest oil producer and most populous nation

Oil-rich, but facing worst economic crisis in years after falling oil prices

62.6% of its 170 million population live in poverty

Average annual earnings - $1280 (£850)

Source: UN

It also revealed that some employees were receiving salaries from multiple sources.

Some 23,846 non-existent workers were removed from the payroll, an adviser to the finance minister was quoted by Reuters as saying.

Periodic checks and electronic audit techniques will be periodically carried out to prevent new frauds, the ministry said.

Officials have said the savings resulted from the anti-corruption measures will help the country tackle its crisis and prevent job cuts... Uchestanley.blogspot.com

Comments

Popular posts from this blog

China to invest in Nigeria; Taiwanese office moved to Lagos

China has agreed to invest in Nigeria following a visit from its foreign affairs minister to Nigeria - The country said this was in addition to earlier investments - Nigeria has withdrawn diplomatic relationship with Taiwan and agreed to the One China policy Wang Yi who is the Chinese foreign minister has promised that the country is investing $40 billion as part of the plan to deepen relationship with Nigeria. He made this comment during a press briefing with his Nigerian counterpart, Mr. Geoffrey Onyeama on Wednesday, January 11 adding that this money was in addition to $22 billion projects already invested. READ ALSO: China might refuse to give Nigeria $20bn loan Yi said: “China has already invested or financed a total number of $22billion projects here in Nigeria, another $23billion projects are on-going. In addition, we are also following up another over $40billion of investments, which are in the pipeline.” China to invest in Nigeria; Taiwanese office

Sophie Rammal welcomes baby with husband

P opular Nigerian singer, Wizkid’s former girlfriend, Sophie Rammal has welcomed her first child with husband! Sophie who got married to her beau Wale Alakija January 28 has welcomed her first baby. Sophie became popular after she featured in the video of Wizkid’s hit single Holla at your boy as well as other popular music videos. READ ALSO: Wizkid’s former lover gets married Meanwhile Wizkid may have confirmed he has a new baby mama. Recall that Nollywood actor and Lagos state house of assembly member, Desmond Elliot, shared the picture from her engagement ceremony, wishing her a blissful marriage. Congratulations to her.
Court remands Goodluck Jonathan’s cousin in prison Azibaola Robert, a cousin to former President Goodluck Jonathan has been remanded in Kuje Prison – Azibaola, his wife alongside their company, were arraigned for allegedly receiving a $40m contract from former NSA, Sambo Dasuki Azibaola Robert, a cousin to former President Goodluck Jonathan has been remanded in Kuje Prison pending the determination of his bail application. Giving the ruling today, Justice Dimgba of the federal high court in Abuja ruled that Azibaola’s wife, Stella could continue to enjoy the administrative bail earlier granted her by the EFCC. He adjourned till Wednesday to rule on the bail application for Azibaola. Azibaola, his wife alongside their company, Oneplus Holding Limited were arraigned before Justice Dimgba for allegedly receiving a $40m contract from embattled former National Security Adviser, Sambo Dasuki. They were also arraigned on seven counts bordering on money laundering and fraud. Meanwhile, an A