Secrets Reporters
A newly released financial review by the State Division Audit Department has uncovered a massive financial irregularity at Command Secondary School, Suleja, Abuja, involving the handling of funds meant for student feeding during the 2020 academic year.
The report scrutinizes the financial operations under the leadership of the school’s management at the time and reveals that a staggering ₦137,001,000.00 in cash was received for ration allowances but was never deposited into the school’s official revenue account at the bank.
The findings, which cover the period from January to December 2020, indicate a blatant disregard for established financial regulations. Specifically, the review cites the violation of FR 2009 para 219, which mandates the proper handling and banking of public funds.
According to the investigation, the substantial sum was collected in cash for the purpose of student feeding but was effectively kept outside the banking system, raising serious questions about the transparency and accountability of the school’s financial management during that period.
The report highlights severe risks associated with this unbanked cash flow. Investigators warn that the situation poses a grave danger of diverting public funds intended for the welfare of students.
Furthermore, the lack of banking records creates a significant risk of permanent financial loss, as there is no paper trail to account for the expenditure of these monies.
The revelation has sparked concerns among stakeholders regarding the oversight of educational funds in the state.
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