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Home»News»Nigeria News»ICPC Issues Guideline On COVID-19 Fund Disbursement 
Nigeria News

ICPC Issues Guideline On COVID-19 Fund Disbursement 

By orientalnewsngMay 7, 2020No Comments3 Mins Read
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Moses Ofodeme

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has put together guidelines; for the management of relief funds by the Presidential Task Force (PTF) on COVID-19 to prevent corruption.

Spokesperson of the commission, Mrs Rasheedat Okoduwa, who disclosed this in a statement on Wednesday, May 6, in Abuja, said the move was in pursuant of the corruption prevention mandate of the ICPC; as enshrined in Section 6 (b)-(d) of the Corrupt Practices and Other Related Offences Act, 2000.

She also explained that the guidelines were also in furtherance of an independent COVID-19 Funds Monitoring Team; recently set up by the ICPC.

The committee is charged with the monitoring of the “disbursement and utilisation of the funds; donations; as well as other receipts mobilised toward combating the outbreak of the Coronavirus in the country”.

Okoduwa said one of the key provisions of the guidelines was the Bank Accounts Policy; which “allows the Chairman of the PTF the discretion to designate bank accounts solely for the collection of funds and donations.”

The policy, she said, also designates “a specific bank account that receipts are swept into for expenditure whose signatories, though appointed by the Chairman, PTF shall not have approving powers.

“Reconciliations of the accounts and books maintained shall be submitted to the Chairman, PTF, monthly,” she said.

The ICPC’s statement came after President Muhammadu Buhari issued new directives on COVID-19 donations to the country to ensure prudence, transparency, and accountability in their utilisation.

Mr Henshaw Ogubike, the Director of Information and Press in the Office of the Accountant General of the Federation; announced the presidential directive in a statement in Abuja on Tuesday.

Ogubike also said the president had approved the opening of five COVID-19 Donor Accounts which form part of the existing Treasury Single Account arrangement in five commercial banks.

Okoduwa said the guidelines also contained Expenditures and Payments provision which “requires payments to vendors, suppliers and ad hoc staff to be mainly by bank transfer; after they have made supplies or rendered service in order to leave trails.”

“Furthermore, the responsibility for procurements rests on the shoulders of the Chairman, PTF; and all such procurements are required to adhere to the provisions of Section 43 of the Public Procurement Act, 2007 in the emergency period.

“Additionally, all post-COVID-19 procurements must comply fully with the comprehensive provisions of the procurement law.

“The guidelines also require all-cash advances to be subject to the Financial Regulations (FR) and Public Service Rules (PSR).”

Also,

“Petty cash advances may be made to an officer for petty cash transactions as approved by the Chairman, PTF.

“Officials, who receive such advances shall be personally accountable and financially liable for the custody and management of the advances.

“They must account for the advances at any given time and are to report weekly to the Chairman or as he may direct,” the ICPC spokesperson said.

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