Kaduna State Financial Misappropriation Scandal: N423bn Siphoned in 8 Years

Kaduna State House of Assembly

A shocking report has revealed widespread financial misappropriation in Kaduna State, with over N423 billion allegedly siphoned between 2015 and 2023. The Kaduna State House of Assembly Committee discovered.

Below is the breakdown of the Financial Misappropriation in Kaduna State in the last 8 years.

1. The Kaduna State House of Assembly Committee found that over N423bn was siphoned from Kaduna State between 2015-2023.

2. Ministry of Finance in collaboration with KADIRS siphoned & stole N30B from the state IGR account.

3. $1.4m also withdrawn illegally.

4. A total of about N62B to be refunded to the Kaduna State Government.

5. A total of N4.9bn Cash was illegally withdrawn from the accounts of the Kaduna State government.

6. This was the Report submitted by the Ad-Hoc Committee on Fact-Finding on Loans, Financial Transactions, Contractual Liabilities & Other Related Matters of the Kaduna State Government, from 2015 to 2023, on the floor of Kaduna state Assembly.

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