Auditor-General Flags N3.62bn in Irregularities at Power Training Institute

 The Auditor-General for the Federation has identified at least N3.62bn in financial irregularities at the National Power Training Institute of Nigeria (NAPTIN), Abuja, according to findings contained in the Auditor-General’s 2024 Annual Report on Non-compliance.

 The findings cover transactions between January 1, 2022 and December 31, 2023. Key observations include N2.77bn in unremitted tender fees, N547.21m in payments for store items without supporting evidence of delivery, and N196.59m relating to three constituency projects in Ogun, Lagos and Osun states.

 The audit also identified N4.12m in under-remitted VAT, unsupported expenditure, inadequate documentation, and weaknesses in internal controls. The Auditor-General recommended that the institute’s Director-General account to the National Assembly’s Public Accounts Committees, recover and remit relevant funds, and provide outstanding records for verification.

 The findings represent audit observations and recommendations, not a judicial determination of wrongdoing. The report states that several records required for verification were not provided and that the institute’s management had not responded to the observations at the time covered by the report.