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Cash transfer office debunks auditor-general’s N33.75bn fraud allegation

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Cash transfer office debunks auditor-general’s N33.75bn fraud allegation

10 Sep, 2026

The National Cash Transfer Office has rejected allegations arising from a report by the Auditor-General for the Federation that the Federal Government could not provide sufficient evidence that N33.75bn in electronic cash transfers reached genuine beneficiaries. The NCTO management, in a statement made available to our correspondent on Wednesday, described the interpretation of the audit observations as materially incomplete, insisting that the questioned funds were transferred through the established payment architecture to beneficiaries captured in the National Beneficiary Register.....................................READ MORE