https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • About Us
  • Privacy Policy
  • Contact Us
Wednesday, May 14, 2025
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad

DG NCAC, Olusegun Runsewe Allegedly Indicted In ‘Multi-Million Naira Scam’

Tgmedia by Tgmedia
December 31, 2019
in News
0

Olusegun Runsewe, the Director-General of the National Council for Arts and Culture who made headlines earlier this year following his faceoff with cross-dresser Bobrisky, has been allegedly indicted in a multi-million naira scam in a report released by the office of the Auditor-General of the Federation.

 

One of the irregularities cited in the report from the office of the Auditor-General of the Federation include failing to explain why he spent N5.6 million in buying a car just after he resumed office in 2017, without certification from the agency’s transport officer and auditor.

 

The audit report which revealed there might be a possible occurrence of waste and diversion of funds to personal use, added that there are no supporting documents attached to the payment voucher such as receipts, invoices, SRV, SIV, the company’s request letter for payment and minutes of the Tenders’ Board meeting.

 

Contract awards and payments made by the agency were also found to have irregularities. It was gathered that there was no payment voucher for N44.3 million paid directly to a contractor for the construction of National Research Centre in Durban Tradition, Kaduna on May 2, 2017.  A full payment was made to the contractor before the job began and it was learnt the contract award letter was not signed by the DG and there was also no proof of approval from the Council’s Tenders Board since the sum was above the approval limit of the DG.

 

The audit report also alleged that N1 million and another N1.8million paid as 2.55 per cent and 5 per cent for preliminary and consultancy fees respectively could not be accounted for.

 

Before Runsewe assumed office in 2016, the Council also paid a servicing company more than N36 million for the 29th edition of the National Festival of Arts and Culture (NAFEST), including staff’s Duty Tour Allowance. Minutes of the meeting of the Tenders’ Board was not signed by any members and the payment schedule and duration of the payment were not stated.

 

It was also alleged that the contract might not exist as the Withholding Tax (WHT) and Value Added Tax (VAT) were not paid on the contract. Mr Runsewe was directed to recover the N44.3 million and N36 million, after which he is expected to forward evidence of their recoveries to the office of the auditor general for confirmation.

 

The agency also could not account for N22.5 million it claimed to have spent on store items, programmes, workshops, repairs and other items. The N2.3 million which should be WHT and VAT, was reportedly not deducted from the payments.

 

Mr Runsewe was asked to refund the N22.5 million to the treasury and forward evidence of the refund to Mr Anyine’s office for verification.

 

Premium Times reported that the Auditor-General, Anthony Ayine called for Mr Runsewe to be sanctioned in line with section 3129 of the Financial Regulation which states;

 

“Any officer who violates any other provision for which no sanction is specifically recommended, shall be taken to have committed gross misconduct and shall be disciplined accordingly.”

Share this:

  • WhatsApp
  • Email
  • Tweet
  • Telegram

Like this:

Like Loading...
Previous Post

Ex-1st Lady Of US, Michelle Obama Named ‘Most Admired’ Woman In The World

Next Post

Real Madrid Star, Eden Hazard Emerges ‘Red Devil’ Player Of The Year

Related Posts

News

Father Robs Pharmacy, Leaves Note Telling Clerk “I’m Sorry, I Have A Sick Child”

January 11, 2020
Buhari’s Visit To Lagos
News

Presidency Replies Opposition’s Derision Of Buhari’s Visit To Lagos

December 20, 2021
Victor Osimhen
Breaking

BREAKING: Super Eagles Striker, Victor Osimhen Prefers PSG To Chelsea

August 15, 2024
Next Post

Real Madrid Star, Eden Hazard Emerges ‘Red Devil’ Player Of The Year

ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

%d bloggers like this: