– The Nigerian embassy in Israel has mismanaged funds totalling $493, 111 and another N331 million (N331,461,392)
– The mismanaged funds are the total revenue generated and received between 2013 and 2015.
– The permanent secretary of the embassy could not account for the funds in its records
An audit report reveals that Nigerian embassy in Israel mismanaged funds totalling $493, 111 and another N331 million (N331,461,392) of the total revenue generated and received between 2013 and 2015.
ZENITHBLOG.com gathered that the annual report of the Auditor-General of the Federation for the year ended 2015, said the embassy could not account for the funds in its records submitted for review.
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According to the latest report from the Auditor General, a total sum of $858,704 (3,091,337 Shekels) was reportedly generated as revenue in respect of visas and administrative charges in the period under review, but only $365, 593 was remitted into the designated account.
A graph showing the revenue generated by the Nigerian embassy in Israel Photo credit: Premium Times
The embassy during the same period was granted Authority to Incur Expenditure (AIE) in the sum of N517,247,500. However, only N185, 786, 171 was accounted for by the embassy.
This development has left the embassy with a deficit of $493, 111 and N331, 461, 392.
The embassy in a violation of the law, also failed to comply with the directive of remitting due sums into the Treasury Single Account (TSA) of the federal government.
The report also noted that over the years, the embassy had reportedly developed a means of collecting money illegally from
A graph showing the funds unaccounted for the Nigerian embassy in Israel Photo credit: Premium Times
During the audit examination of payment vouchers, it was observed that the total sum of $158,928.00 was paid as Estacode allowance to home-based staff to accompany Christian pilgrims from Nigeria to various religious sites.
The permanent secretary of the embassy was requested to explain these irregularities in revenue collection, account for the sums in deficit and ensure a surcharge on officers involved following these variations.
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Earlier, ZENITHBLOG.com reported that the United Kingdom in order to further strengthen its relationship with Nigeria on Thursday, August 31, opened its new Embassy in Abuja.
The British foreign secretary, Boris Johnson, who unveiled the new diplomatic complex said it signified the growing relationship between the Commonwealth pair.
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