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N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

Director-General of the Budget Office of the Federation, Tanimu Yakubu, on Friday defended the agency's role in the controversial budgetary allocation to the Presidential Foreign Investment Promotion Council (PFIPC), insisting that despite provisions made in the 2026 Appropriation Act, not a single kobo was released or spent because the statutory conditions for expenditure were never fulfilled.

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N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

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N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

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N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

Timeline cronologica

PFIPC scandal: Ministry disowns council as Reps summon Ribadu

PFIPC Probe: Foreign Affairs Ministry says it never recognised council, alleged DG unknown to FG - Businessday NG

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Fake Agency Scandal: Budget Office speaks on budgetary allocation

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Budget Office: No Funds Released for PEAC/PFIPC, Expenditure Controls Prevented Spending

Budget Office: No Funds Released for PEAC/PFIPC, Expenditure Controls Prevented Spending

N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

No kobo was spent on PEAC, PFIPC, Budget office tells Reps

Fake Agency Scandal: Budget Office speaks on budgetary allocation

PFIPC probe deepens as budget office says no funds released from N1.3bn allocation

Budget Office: How Expenditure Controls Blocked Payment of N1.3bn to Fake Agency

Fake agency originated from Buhari government — Budget Office explains PFIPC allocation

How budget office blocked N1.3bn PFIPC payday

PFIPC probe: Reps to quiz Accountant-General over N1.32bn budget today