• Latest
  • Trending
PFIPC has no CBN account, received no government funds, says AGF

PFIPC has no CBN account, received no government funds, says AGF

July 6, 2026
Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

July 15, 2026
Gunmen Kill Commercial Motorcyclist, Steal Bike in Ondo

NECO Candidates, School Principal Kidnapped as Gunmen Storm Kogi School

July 15, 2026
Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

July 14, 2026
Police Kill Seven Kidnappers, Arrest Five Robbery Suspects in Delta, Kaduna

Delta Police Arrest Eight Suspected Robbers, Cultists, Recover Four Firearms

July 14, 2026
Abiodun commends Tinubu, Makinde as security forces rescue Oriire kidnap victims

Presidency Faults Makinde’s Call for UN Probe into Oyo School Abduction

July 14, 2026
Reps Order NCC to Block All Pornographic Websites in Nigeria

Reps Withdraw State Police Bill, Begin Consideration of Tinubu’s Proposal

July 14, 2026
Senator Adeola grieves as family head, former Ilaro councillor dies at 85

Senator Adeola grieves as family head, former Ilaro councillor dies at 85

July 14, 2026
Former Force PRO Benjamin Hundeyin Assumes Command of Mopol Squadron 31 in Delta

Former Force PRO Benjamin Hundeyin Assumes Command of Mopol Squadron 31 in Delta

July 13, 2026
2027: Arabambi Asks Obi to Step Aside, Alleges Multiple Identity Discrepancies

2027: Arabambi Asks Obi to Step Aside, Alleges Multiple Identity Discrepancies

July 13, 2026
2027: Arabambi Defends Tinubu’s Retention of Shettima, Says Competence Should Override Religion

2027: Arabambi Defends Tinubu’s Retention of Shettima, Says Competence Should Override Religion

July 13, 2026
Presidency Dismisses Peter Obi’s Economic Critique as Power Grab Without Agenda

Obi Hails FG’s Suspension of WASSCE, NECO Fee Hike

July 13, 2026
WAEC, NECO fees rise to ₦50,000 as FG approves new charges for 2027

FG Halts Planned 82% Increase in WAEC, NECO Registration Fees

July 13, 2026
Tropic Reporters
Wednesday, July 15, 2026
About Us
Advertise
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Culture
  • Health
  • Opinion
  • Special Reports
  • Entertainment
  • Lifestyle
No Result
View All Result
Tropic Reporters
No Result
View All Result

PFIPC has no CBN account, received no government funds, says AGF

by Tropic Reporters
July 6, 2026
in News
0
PFIPC has no CBN account, received no government funds, says AGF
0
SHARES
35
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Loading

The Office of the Accountant General of the Federation has dismissed claims that the Presidential Foreign Intervention Promotion Council received public funds, saying the council has no operational account with the Central Bank of Nigeria and has not been paid any money by the Federal Government.

The clarification followed growing controversy over the council after reports that it was granted approval to recruit 300 workers and had received budgetary allocations.

RELATED NEWS

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

NECO Candidates, School Principal Kidnapped as Gunmen Storm Kogi School

Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

Delta Police Arrest Eight Suspected Robbers, Cultists, Recover Four Firearms

Presidency Faults Makinde’s Call for UN Probe into Oyo School Abduction

Speaking at the weekend, the Director of Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa, said no government funds had been released to the council because it had not completed the process required to activate a CBN account.

According to him, although an application was made to open an account, the process remained incomplete because the agency failed to submit the names of authorised signatories and other required documents.

“You cannot open an account at the CBN without authorisation from the Accountant General. The account has not become operational because the necessary requirements have not been fulfilled,” he said.

Mokwa explained that the convener of the council, Adeniyi Adeyemi, had approached the OAGF with an appointment letter, prompting the account opening process, but added that the documentation presented related to an existing agency rather than the PFIPC.

He stressed that the absence of an operational account made it impossible for the government to transfer any funds to the council.

“The account, till today, has not seen the light of day. It has not seen one kobo because the account is not completely operational. The Accountant General has not released a dime because there is no account through which such payment can be made,” he said.

Mokwa also denied reports that salaries had been paid to workers of the council, maintaining that, to the knowledge of the OAGF, the agency had not employed any staff.

He explained that federal agencies must first secure approvals from the Federal Character Commission, the Budget Office and the Federal Civil Service Commission before recruiting workers and enrolling them on the Integrated Payroll and Personnel Information System for salary payments.

“He cannot capture even one name without those approvals because once they are captured, payment will come from the budget,” Mokwa added.

The clarification comes despite provisions in the 2026 Appropriation Act listing the Presidential Economic Advisory Council and the Presidential Foreign Intervention Promotion Council under the Presidency with a budgetary allocation of over N1.3bn for personnel, overhead and capital expenditure.

The OAGF, however, maintained that the council had not reached the stage where it could access government funds, insisting that all statutory procedures must be completed before any disbursement could be made.

SendShareTweet

Related Posts

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot
News

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

July 15, 2026
Gunmen Kill Commercial Motorcyclist, Steal Bike in Ondo
News

NECO Candidates, School Principal Kidnapped as Gunmen Storm Kogi School

July 15, 2026
Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant
News

Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

July 14, 2026
Police Kill Seven Kidnappers, Arrest Five Robbery Suspects in Delta, Kaduna
News

Delta Police Arrest Eight Suspected Robbers, Cultists, Recover Four Firearms

July 14, 2026
Abiodun commends Tinubu, Makinde as security forces rescue Oriire kidnap victims
News

Presidency Faults Makinde’s Call for UN Probe into Oyo School Abduction

July 14, 2026
Reps Order NCC to Block All Pornographic Websites in Nigeria
News

Reps Withdraw State Police Bill, Begin Consideration of Tinubu’s Proposal

July 14, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot

July 15, 2026
Gunmen Kill Commercial Motorcyclist, Steal Bike in Ondo

NECO Candidates, School Principal Kidnapped as Gunmen Storm Kogi School

July 15, 2026
Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

July 14, 2026
Tropic Reporters

Copyright Notice
All content on Tropic Reporters is protected by copyright laws and belongs exclusively to us. Unauthorized use, reproduction, or distribution is prohibited.

You may access and share content for personal, non-commercial purposes with proper attribution. For permissions or collaborations, contact us via our official channels.

Recent News

  • Osoba at 87: Abiodun Describes Ex Ogun Governor as Exceptional Patriot
  • NECO Candidates, School Principal Kidnapped as Gunmen Storm Kogi School
  • Self-Styled PFIPC DG Arrested In Osun Following Federal High Court Warrant

Subscribe to Tropic Reporters News

Stay informed with Tropic Reporters, your trusted source for breaking news, exclusive stories, and in-depth reports on national and international issues.

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

© 2025 Tropic Reporters. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Culture
  • Health
  • Opinion
  • Special Reports
  • Entertainment
  • Lifestyle

© 2025 Tropic Reporters. All Rights Reserved.