The NSA said this at the National Policy Dialogue on Corruption and Insecurity in Nigeria, which was held on Friday in Abuja and was hosted by the Independent Corrupt Practices and Other Related Offenses Commission.

Despite persistent opposition from various sectors, Monguno emphasized that the current administration will not modify its views on the usage of IPPIS, adding that the Treasury Single Account saves N4 billion each month, which he claimed could have been stolen by corrupt individuals.

He said, ”For instance, the dogged implementation of the Treasure Single Account in which more than 90% of all Ministries Departments and Agencies of the Federal government has resulted in the consolidation of more than 17,000 bank accounts previously spread across deposit money banks in the country, leading to monthly savings of about N4bn in bank charges.

”Furthermore, the expansion of coverage of the Integrated Personnel and Payroll Information System against stiff opposition from some quarters and deployment of the Bank Verification Number to validate federal government payroll on the IPPIS platform has led to the detection of almost 54,000 fraudulent payroll entries.

”The whistleblower policy has also facilitated the cleansing of IPPIS compliance on TSA and saving of huge sums of money. Meanwhile, the Presidential Advisory Committee Against Corruption in the discharge of its mandate was also the system anti-corruption agency to obtain forfeiture of assets suspected to have been fraudulently acquired from the state treasury before the culprits are prosecuted.”

He pointed out that the anti-corruption drive of President Muhammadu Buhari’s administration is still effective and that it is still devoted to getting rid of corruption in both the public and private sectors.

Permit me to declare categorically that Nigeria’s successive governments have throughout the years risen to the occasion by implementing a variety of measures and policies as well as creating statutory organisations like the ICPC and EFCC to address this issue.

”The anti-corruption stance of the present administration of President Buhari is firmly anchored on his fore-mentioned assertion and it is vigorously being pursued across all spheres of governance including the private sector with appreciable outcomes,” he added.