By Tanimu Yakubu APPROPRIATION WAS ONLY THE FIRST STEP The public argument has often begun at the wrong point. The National Assembly appropriated funds for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, known as PEAC/PFIPC. That fact is not in dispute. The question is what happened next.Nothing did. An appropriation is authority in law to make provision for an expenditure. It is not a cheque. It is not a warrant. It is not cash released from the Treasury. Before money can move, other conditions must be met. Different…
Read MoreTHE MONEY THAT NEVER MOVED: HOW NIGERIA’S EXPENDITURE CONTROLS PREVENTED THE PEAC/PFIPC APPROPRIATION FROM BECOMING PUBLIC EXPENDITURE
