The National Cash Transfer Office has rejected allegations arising from a report by the Auditor-General for the Federation that the Federal Government could not provide sufficient evidence that N33.75bn in electronic cash transfers reached genuine beneficiaries.
The NCTO management, in a statement made available to our correspondent on Wednesday, described the interpretation of the audit observations as materially incomplete, insisting that the questioned funds were transferred through the established payment architecture to beneficiaries captured in the National Beneficiary Register.
The NCTO also disputed the allegation that its officials obstructed auditors from accessing the REMITA payment records, saying documentary evidence, including emails showing the transmission of beneficiary data and payment information, was available for independent verification.
The Auditor-General’s findings were earlier reported by PUNCH on September 5, 2026, following the publication of the 2024 Annual Report on Non-Compliance/Internal Control Weaknesses in Ministries, Departments and Agencies.
According to the report, the audit reviewed transactions of the National Cash Transfer Office for the 2023 financial year and identified eight audit queries involving billions of naira.
