The House of Representatives Public Accounts Committee (PAC) has summoned Galaxy Backbone, Nigeria’s government-owned information technology and shared service provider, over allegations of financial irregularities and contract breaches amounting to billions of Naira. The company has been given 72 hours to appear before the committee and provide explanations regarding multiple financial violations flagged in the Auditor-General for the Federation’s 2021 report.
During a hearing in Abuja, the committee, chaired by Representative Bamidele Salam, identified several infractions, including the non-remittance of taxes amounting to N329,845,000 within the stipulated 21-day period. The committee ruled that necessary sanctions should be applied against the company. Another area of concern was a payment of N66,799,440 for a contractual obligation without relevant supporting documents, with the PAC demanding full details of the transaction within 72 hours.
The committee also uncovered a payment to a United States-based company, ST Engineering, which was found to have used the same street address in two different states. Lawmakers raised concerns about the authenticity of the contract, noting that there was no evidence of execution. The company was directed to submit all details of the contractor, including compliance documents required by the Bureau of Public Procurement (BPP).
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Further scrutiny of Galaxy Backbone’s financial records revealed additional questionable transactions, including e-payment irregularities totaling N12,661,300, unverified payments amounting to N2,433,701.56, and a procurement contract worth $164,403 with incomplete documentation. The committee expressed frustration over the company’s inability to provide satisfactory explanations for these financial dealings.
Following the session, the PAC issued another summons requiring Galaxy Backbone to appear before the committee again on Thursday, 27th February 2025, at 1 PM, to address all outstanding issues.
Representing the company at the hearing, Mr. Sani Mohammed Ibrahim, Executive Director of Finance and Corporate Services, along with other key officials, failed to provide convincing responses to the lawmakers’ queries. The committee has warned that failure to comply with its directives could lead to sanctions and further investigations into the company’s financial operations.
Read Also: Galaxy Backbone Deepens ICT Partnerships with Plateau State Governor Mutfwang
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