In July, the Office of the Accountant-General of the Federation introduced additional financial control measures after observing what it described as a “surge in unretired advances and idle cash balances across several ministries and agencies.” MDAs were subsequently instructed to submit comprehensive annual reports on unretired advances, with warnings that violations could result in the withdrawal of imprest privileges or further sanctions.
The latest directive signals a renewed push by the treasury to enforce stricter accountability across federal institutions as the 2025 financial year draws to a close, with continued access to government funds tied to full compliance with reporting, remittance, and expenditure rules.
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