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FG Receives ₦1.6bn For COVID-19 Fight

Accountant General of the Federation, Ahmed Idris.

SAN FRANCISCO, June 15, (THEWILL) – The Federal Government says it has received the total sum of ₦1.68 billion for COVID-19 eradication.

The Office of the Accountant General of the Federation (IAGF) made this disclosure on Monday in Abuja when giving details of the donations received through Deposit Money Banks (DMBs) and the Central Bank of Nigeria (CBN)/TSA

According to the OAGF, a total of ₦1,689,757,489.87 was received as COVID-19 eradication support donations from 1st April to 31st May 2020 through designated commercial banks accounts and the CBN/TSA.

Recently, the Federal Government, through the Office of the Accountant General of the Federation, opened commercial banks accounts, in addition to the CBN/TSA account, through which donations to support the eradication of the COVID-19 in Nigeria could be made to ensure effective and efficient coordination and management of the funds.

A breakdown of the ₦1,689,757,489.87 received from the inception of accounts on 1st April 2020 to 31st May, 2020, shows that a total donation of ₦792,121,613.89 was received from 1st April to 8th May, 2020, while ₦897,635,875.98 was received from 9th May to 31st May, 2020.

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From the ₦897,635,875.98 received from 9th May to 31st May 2020, the total amount received through Commercial Banks was ₦710,076,331.60, while the total received through CBN/TSA was ₦187,559,544.38.

From 9th May to 31st May 2020, the sum of ₦100,005,000.00 was received through Zenith Bank, ₦507,753,731.60 was received through First Bank, ₦2,210,100.00 was received through Access Bank and ₦100,107,500.00 was received through GT Bank.