FCT Area Councils in Hot Water Over N100bn Financial Irregularities

Published:

LATEST NEWS

- SUPPORT US -spot_imgspot_img

 

The House of Representatives has summoned the chairmen and finance directors of the six Area Councils in the Federal Capital Territory (FCT) over alleged financial infractions totaling over N100 billion. The Auditor-General’s report revealed widespread cases of unremitted tax and VAT deductions, poor asset management, and unaccounted expenditures across the councils.

The implicated councils are Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje, and Kwali. According to the report, the councils recorded outstanding liabilities of N7.65 billion as of December 31, 2021, with Abuja Municipal Area Council (AMAC) accounting for the highest liability of N2.19 billion.

*Alleged Infractions Include:*

– _Understatement of Internally Generated Revenue (IGR)_
– _Unauthorised disposal of assets_
– _Non-disclosure of statutory revenue_
– _Failure to remit withholding taxes_
– _Poor maintenance of Fixed Asset Registers_

READ ALSO  Massacre in Katsina: Bandits Kill 19 in Doma Community Despite Peace Deal

The House Committee on Public Accounts has given the summoned officials a final opportunity to appear before it on February 11, 2026, to explain themselves. Failure to comply may lead to constitutional powers being invoked, including arrest

The report highlights concerns over the councils’ expenditure of N24.87 billion in 2021, with 37% of funds allocated to capital projects unaccounted for. The Auditor-General has faulted the councils for poor asset management, citing Gwagwalada Area Council’s failure to adequately record non-current assets valued at N336 million

- Advertisement -spot_imgspot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

SUPPORT INDEPENDENT JOURNALISM�
- SUPPORT US -spot_img

Join our social media

For even more exclusive content!

TOP STORIES

- Advertisement -spot_imgspot_imgspot_img

Of The Week
CARTOON