The Federal Government has said it saved N500b through the Presidential Initiative for Continuous Audit (PICA).
According to the Permanent Secretary, Special Duties, Ministry of Finance, Mohammed Dikwa, the money was blocked from Ministries, Departments and Agencies (MDAs).
Dikwa said this on Wednesday when the National Institute for Policy and Strategic Studies (NIPSS) alumni paid him a visit.
He noted that money could have been spent by the MDAs if the PICA scheme was not in place.
“If you recall, over the last four years, this administration has put in place a lot of policies on ground and I am part of the financial policies put in place by the Ministry of Finance,” he noted.
“One of the fundamental achievements was saving the government over N500bn from leakages and wastages under my leadership at PICA.
“If the initiative was not in place, this amount of money we are talking about would have been spent by MDAs.
“It was because of this initiative that was put in place that we were able to save that money from treasury looters.”
He added that “We have also put in place so many other measures like the Whistle-blowing Policy.
“When we came up with the policy, an average of 11, 000 tips were received on a monthly basis, but now, we hardly receive 20 to 30 tips simply because people have reduced the wrong doing in government.”