Home Business Capital DMO Says Alleged N1.08bn Corruption Scandal False
Capital

DMO Says Alleged N1.08bn Corruption Scandal False

Share
DMO boss
Director-General DMO, Patience Oniha
Share

Ms. Patience Oniha
Director-General,Debt Management Office, Nigeria. Image Credit: DMO
August 24, 2020/DMO

The attention of the Debt Management Office (DMO) has been drawn to a report in the Vanguard of Saturday August 22, 2020 titled “Alleged N1.08bn corruption scandal hits DMO”.

The DMO hereby states unequivocally that the story is false, full of lies and the documents referred to in the Vanguard’s report have been twisted and distorted with the intention to misinform the general public and discredit the institution. The Vanguard story is not a true representation of the dealings in the DMO.

It should be noted that the DMO is an accountable, transparent and responsible organization that works in accordance with laid down civil service procedures and it is highly regarded by Multilateral Agencies and financial institutions as a reputable Government Agency.

The sponsors of the story are disgruntled elements who have not only breached the Civil Service Rules but have also contravened laid down procedures for dealing with official matters. These officials have resorted to illegally leaking official documents due to their recent redeployment, have colluded with other disgruntled persons who have failed in their attempts to control the running of the affairs of the DMO, which has blocked their ability to pilfer public funds.

The story referred to documents that, on their own, are incomplete and do not reflect the whole story or the purpose of any transaction. The claims that events and travels by officials of the DMO either did not take place or did not hold are false and an attempt to discredit the impeccable records of the organization. These speak to their desperation to give the institution a bad name.

It is unfortunate that a reputable news medium such as Vanguard would lower its guard by allowing its platform to be used to promote falsehood by disgruntled and fraudulent elements in the DMO without cross-checking with the management of the organization.

The DMO, in line with laid down Civil Service Regulations, will brief relevant security agencies in the country to thoroughly investigate the sources of the documents, on which the sponsors based their story, with a view to bringing the perpetrators to book in line with Public Service Rules No. 030401 and 030402 which prescribes dismissal for unauthorized disclosure of official information as a serious act of misconduct.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

SEC Directs Listed Companies To Publish Periodic Returns On Their website 

The Securities and Exchange Commission (SEC) has issued a directive requiring all...

GX Group, SEC Deepen Global Partnerships Through Strategic Visit India

Nigerian Exchange Group (NGX Group), in collaboration with the Securities and Exchange...

Vibrant Capital Market Key To $1trn Economy- Agama

The Securities and Exchange Commission (SEC) has stressed the need for a...

SEC Rolls Out #investnigeria Enlightenment Campaign To Promote Investment In Capital Market

In its avowed commitment to ensure that more Nigerians are attracted to...