No funds appropriated for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC) were released or spent, the Director-General of the Budget Office of the Federation, Tanimu Yakubu, has said.
NO PEAC/PFIPC FUNDS RELEASED DESPITE 2026 BUDGET PROVISION — BUDGET OFFICE DG
According to a report by The Authority, Yakubu explained on Friday that appropriation alone does not authorise spending, as statutory requirements must first be fulfilled.
He said mandatory processes including Financial Clearance, lawful recruitment, payroll enrollment, Treasury warranting, cash backing and procurement approvals were never completed. The Budget Office withheld Financial Clearance because legal conditions, including confirmation from the National Salaries, Incomes and Wages Commission, were unmet.
Yakubu said the proposed personnel budget was reduced from about ₦3.85 billion to ₦802.98 million using approved salary structures. No recruitment, salary payments, overhead releases or capital projects took place.
He disclosed that payment processes were suspended after concerns emerged over the council’s legal status. The Budget Office pledged to cooperate with investigations and provide all relevant records and financial documents.
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