Guilty Silence? Federal Government College Buni Yadi Management Dodges Questions After Investigation Uncovers ₦44 Million Procurement Looting

NewsNGR

A fresh financial scrutiny has uncovered a troubling diversion of public funds at the Federal Government College (FGC), Buni Yadi, in Yobe State, where payments for food supplies were allegedly structured to bypass established procurement laws during the 2020 fiscal year.

The findings, which cover transactions made while Dr. Bibinu Samuel Ahmed was at the helm of the institution, reveal that twenty separate payments totaling ₦44,090,000.00 were processed for food items. 

According to the review, these payments were deliberately split to fall under the ₦200,000 direct-procurement threshold, a move that violates the Treasury Circular TRY/A7&B7/2015 and the Financial Regulations of 2009.

The financial irregularity is not merely a procedural breach; it carries a heavy cost for the nation. The circumvention of due process resulted in an estimated loss of ₦5,952,150.00 in tax revenue that should have accrued to the government through proper vendor taxation. This loss compounds the already dire funding challenges facing the education sector.

The review identified several severe risks stemming from this practice, including the outright loss of government revenue, the potential diversion of public funds for private gain, and the subsequent difficulty in funding the national budget. 

The situation is particularly poignant given the history of FGC Buni Yadi, a school that has already endured immense tragedy and requires every available resource to rebuild and support its students.

The Auditor-General has issued a firm directive: the management must justify the expenditure and recover the full ₦44,090,000.00, remitting it back to the Treasury. 

Failure to comply will trigger sanctions under Financial Regulations 3106 and 3129, which prescribe penalties for gross misconduct and unauthorized spending. For the parents and students of Buni Yadi, the hope remains that these funds will be recovered and redirected toward the educational needs they were intended to serve.

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