The House of Rep Committee on NAFDAC demanded a detailed breakdown of the N2.5 billion generated by NAFDAC from raids of drug markets in Lagos, Onitsha, and Aba.
NAFDAC's report was deemed incomplete, prompting a request for a location-specific account. The funds, from fines on counterfeit drug traders, were allocated as follows: N996 million for enforcement, N1.175 billion for regulatory expenses, and N159 million borrowed, with N206 million remaining.
No fines were collected during a Kano raid due to security issues. NAFDAC had N19 billion in its account by 2023, with only N4.5 billion accessible.
They collected fines in the south but couldn't collect fines in the north of this country.
Imagine collecting fines from traders and embezzling it.
NAFDAC's report was deemed incomplete, prompting a request for a location-specific account. The funds, from fines on counterfeit drug traders, were allocated as follows: N996 million for enforcement, N1.175 billion for regulatory expenses, and N159 million borrowed, with N206 million remaining.
No fines were collected during a Kano raid due to security issues. NAFDAC had N19 billion in its account by 2023, with only N4.5 billion accessible.
They collected fines in the south but couldn't collect fines in the north of this country.
Imagine collecting fines from traders and embezzling it.
The House of Rep Committee on NAFDAC demanded a detailed breakdown of the N2.5 billion generated by NAFDAC from raids of drug markets in Lagos, Onitsha, and Aba.
NAFDAC's report was deemed incomplete, prompting a request for a location-specific account. The funds, from fines on counterfeit drug traders, were allocated as follows: N996 million for enforcement, N1.175 billion for regulatory expenses, and N159 million borrowed, with N206 million remaining.
No fines were collected during a Kano raid due to security issues. NAFDAC had N19 billion in its account by 2023, with only N4.5 billion accessible.
They collected fines in the south but couldn't collect fines in the north of this country. 😭😅😅
Imagine collecting fines from traders and embezzling it. 💔
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