The Lagos State Government has uncovered 459 civil servants illegally operating multiple salary accounts. This is contained in a report released by the State Treasury Office, STO, department of the Lagos State Ministry of Finance.
The government said in consultation with the Nigeria Inter-Bank Settlement System, NIBSS, using the Bank Verification Number, BVN of active employees, it discovered that 459 employees operate multiple salary accounts.
The report said the discovery of the illegal multiple accounts had saved the State a total of N1.8 million per month.
The government said disciplinary measures would be taken against the affected staff.
“The officers would face necessary disciplinary action in line with the Public Service Rules.” the government said.
The state government has also disclosed that the STO, in collaboration with the Office of Finance has in the last three months processed and facilitated the collection of Development Policy Operations, DPO III, which is a World Bank loan of $200 million (N39 billion) to cushion the 2016 budget on capital expenditure and enhance the provision of infrastructural facilities that would have multiplier effect on social and economic activities in the State.
Meanwhile, Lagos State Governor, Mr. Akinwunmi Ambode, yesterday, disclosed that despite the current challenging economic environment, the state have been able to record 70 percent of its overall 2016 budget, while total revenue stands at 73 percent.
“The overall budget performance as at half year was 70 percent which is an improvement over the corresponding period in 2015 when the performance stood at 63 percent.” he said.
Mr. Ambode also added that his administration has earmarked N10 billion each, totaling N20 billion for the upgrade of health and education sectors, respectively, across the state within the next six months of the year.