BRT-NewsBRT-News
  • Tax Laws
  • Tax Policy/Guidelines
  • Tax Notices
  • Tariffs
  • Monetary Policy/Measures
  • Contact Us
Aa
Aa
BRT-NewsBRT-News
  • BANKING
  • REVENUE
  • TAXATION
  • TELECOMS & TECH
  • ECONOMY NEWS EXTRACT
  • BRAND & MARKETING
Search
  • BANKING
  • REVENUE
  • TAXATION
  • TELECOMS & TECH
    • Technology
  • ECONOMY NEWS EXTRACT
    • Political Economy
    • Investments/Capital Market
    • Oil & Gas/Power/Solid Minerals
    • Insurance & Pension
  • BRAND & MARKETING
Follow US
BudgetingEconomy News ExtraLabour & Industiral Relations MattersLatest NewsPlanning & Economic DevelopmentPolitical EconomyRevenueStatisticsTaxation

Tinubu Approves Forensic Audit Of Federal MDAs’ Payment System

brtnews
Last updated: 2026/08/31 at 11:49 AM
brtnews
Share
3 Min Read
SHARE

President Bola Tinubu has directed the Minister of Finance and Co-ordinating Minister of the Economy, Mr Taiwo Oyedele, to oversee and coordinate a comprehensive forensic audit of Federal Government systems.

The audit will include a review of the Integrated Personnel and Payroll Information System (IPPIS), Federal Government agencies, and their administration and internal controls.

A statement issued by the President’s Special Adviser, Information and Strategy, Bayo Onanuga, indicated Tinubu’s directive followed the Federal Executive Council’s (FEC’s)resolution on August 19, 2026, in response to findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on “fake agencies”, ghost workers, and other control failures.

According to the statement, the exercise will establish the nature and extent of weaknesses in Government’s control system, and determine how such weaknesses have been exploited.

- Advertisement -

Specifically, Onanuga stated that  the review would comprise two interconnected components.

The first will focus on a forensic audit of Government systems, particularly IPPIS and related payroll, personnel, pension and financial-management platforms; examine reported cases of ghost workers and payroll fraud, reconcile the figures identified by the ICPC, trace how fictitious or ineligible persons were enrolled, and review access, identity, biometric and bank-account controls.

In addition, the exercise will also examine the interfaces between IPPIS and other government platforms, including GIFMIS, Remita, the Treasury Single Account (TSA) and Sub-TSA, to determine whether fraud resulted from system defects, process failures, inadequate segregation of duties or deliberate circumvention.

The second component of the audit will cover all Federal Government agencies, departments, commissions, councils, parastatals and other government bodies. It will establish a definitive inventory of such bodies and verify their legal basis, while examining how entities obtain official recognition, budgetary consideration, correspondence privileges, office facilities and access to government systems.

The exercise will assess governance, procurement, internal-audit, and oversight controls across Government to close systemic weaknesses that could allow irregular entities or persons to access public resources.

Tinubu directed that the exercise be conducted with the highest standards of independence, professionalism and forensic integrity as the audit team will have access to relevant government systems and records and also collaborate with the ICPC to ensure that the review complements all ongoing investigations, prosecutions and recoveries.

Onanuga further maintained that the President expected the exercise to go beyond identifying individual cases of fraud or administrative failure by strengthening the architecture of Government, closing systemic loopholes, improving data verification and reconciliation, reinforcing accountability, and ensuring that only duly constituted entities and eligible personnel have access to Government resources.

He stated that the exercise underscored the President’s commitment to strengthening transparency, accountability, fiscal governance and institutional integrity across the Federal Government’s administration system.

TAGGED: Budgeting, Government Integrated Financial Management and Information Systems (GIFMIS), Integrated Payroll and Personnel Information System (IPPIS), Minister of Finance and Coordinating Minister of the Economy - Mr. Taiwo Oyedele, President Bola Tinubu, Public Fiance System, Tinubu Approves Forensic Audit Of Federal MDAs' Payment System, Treasury Single Account (TSA)
brtnews August 31, 2026 August 31, 2026
Share This Article
Facebook Twitter Copy Link Print

Newsletter

Subscribe for Latest News and Updates on Critical Tax & Revenue Issues

Fidelity ATM/Branch Locator

Editorial Policy

To report and analyze accurately and timely global banking, revenue and tax-related issues with special focus on developments in Nigeria without bias for any ideological, ethno-religious and political interests or sentiments in order to impact positively on the global monetary and fiscal policy systems.

About BRTNews

BRTnews.ng, is an online publication with a strong penchant for investigative journalism. We have specialized skills in reporting business and economy globally, but more particularly, banking and taxation matters.
Our team comprised of a few seasoned journalists whose high...

Read More

About BRTNews

BRTnews.ng, is an online publication with a strong penchant for investigative journalism. We have specialized skills in reporting business and economy globally but more particularly, banking and taxation matters.
Our team comprised of a few seasoned journalists whose high...

Recent Posts

  • FTRs Describes Tinubu’s Visit To Akwa Ibom As Desirable For Unity, Devt November 6, 2026
  • NAICOM Boss Urges Insurers To Prioritize Corporate Governance, Prudence November 6, 2026
  • Nigeria Must Avoid Oil Economy Mistakes In Digital Economy Regime – Oyedele November 6, 2026
  • FG Targets 95% Digital Literacy By 2030 November 6, 2026
  • FG Generated N33Trn Revenue In 10 Months – Oyedele November 6, 2026
  • CBN Issues New Regulatory Framework For Non-Security VASPs, Others November 6, 2026
  • NUPRC Reports 3.33Mn Barrels Of Crude Oil Theft In 2025 November 5, 2026

You Might Also Like

Latest NewsPlanning & Economic DevelopmentPolitical Economy

FTRs Describes Tinubu’s Visit To Akwa Ibom As Desirable For Unity, Devt

November 6, 2026
BankingBudgetingEconomic Policies & RegulationsInsurance & PensionInvestments/Capital MarketLatest NewsPlanning & Economic Development

NAICOM Boss Urges Insurers To Prioritize Corporate Governance, Prudence

November 6, 2026
BankingBudgetingE-Payment Tech & SolutionsEconomy News ExtraLatest NewsOil & GasPlanning & Economic DevelopmentProfessionals & HR Devt.Technology

Nigeria Must Avoid Oil Economy Mistakes In Digital Economy Regime – Oyedele

November 6, 2026
BankingE-Payment Tech & SolutionsLatest NewsPlanning & Economic DevelopmentProfessionals & HR Devt.Science 'n' TechnologyTechnology

FG Targets 95% Digital Literacy By 2030

November 6, 2026

ADDRESS

6 Acme Rd, Ikeja Lagos, Nigeria.
PHONE
+234-815-244-7828
brtnews.ng@gmail.com
BRT-NewsBRT-News
Follow US
© Copyright Brtnews 2024
  • About Us
  • Advertise With Us
  • Contact Us
  • Our Mission
  • Our Vision
  • Privacy Policy
Welcome Back!

Sign in to your account

Lost your password?