Auditor-General flags N3.62bn irregularities at power institute

The Office of the Auditor-General for the Federation has identified at least N3.62bn in financial irregularities at the National Power Training Institute of Nigeria, Abuja. These irregularities include unremitted tender fees, questionable contract payments, and purchases of store items without evidence of delivery. The findings, contained in the Auditor-General’s 2024 Annual Report on Non-compliance, cover the period between January 1, 2022, and December 31, 2023.

The largest amount, N2.77bn, concerns the unremitted sale of bid documents and tender fees, which was not remitted to the Consolidated Revenue Fund as required by government regulations. The auditors also recommended that the institute's Director-General account to the Public Accounts Committees of the National Assembly for the money and recover and remit the amount to the Treasury.

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