Accountant-General: PFIPC has no CBN account, received no funds

The Office of the Accountant- General of the Federation (OAGF) has said the Presidential Foreign Intervention Promotion Council (PFIPC) has no operational account with the Central Bank of Nigeria (CBN).

Responding during the weekend, Director of Public Relations at the OAGF, Bawa Makowa, noted that neither public funds nor salaries have been paid to the organisation.

Mokwa noted that although an application was made to open a CBN account, the process was never completed because the required documentation to activate the account was not submitted.

Mokwa said, “You cannot open an account at the CBN without authorization from the Accountant General. The accountant general will authorise them to open an account at the CBN.

He pointed out that Adeniyi Adeyemi, the convener, approached the OAGF and presented an appointment letter, but alleged that the document related to an already existing agency rather than the PFIPC.

Mokwa said that the account-opening process began based on the document that was presented, but the account could not become operational because the names of the officials expected to serve as account signatories were never provided.

He said there was no channel through which the office of the accountant-general could release government funds to the agency due to the absence of an operational account.

He said the agency did not receive any budgetary allocation from the federal government.

In his words, “The account, till today, has not seen the light of day. It has not seen one kobo because the account is not completely operational.

“That portrays that he has not collected a dime. The AGF has not released a dime to him because they don’t even have a place where the money can be paid.”