The National Agricultural Extension and Research Liaison Services and the Nigeria Institute for Oil Palm Research failed to provide evidence of how they spent about N350 million, an audit report has said.
They have also not been able to meet their financial targets over the years, the report revealed.
The disputed funds, from both contracts awarded and staff welfare at the agriculture liaison service was valued at N93.9 million while that of oil palm institute sums to about N256 million.
In the report for the year ended December 2017, the Auditor-General of the Federation (AuGF), Anthony Ayine, said the observation was made during the review of the accounts of the agricultural organisations.
He said the inability to provide evidence of payment is a “loss of public funds.”