FG Creates COVID-19 Eradication Support Bank Accounts

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Ahmed Idris

James Emejo in Abuja

Accountant General of the Federation (AGF), Mr. Ahmed Idris yesterday unveiled names of five commercial banks into which various financial donations made towards the eradication of COVID-19 pandemic could be paid.

He said the move was in line with the current administration’s resolve to entrench efficiency, transparency and accountability in public finance management system.

Idris also said the move was to ensure seamless coordination and collection of the various financial donations made regarding the eradication of virus.

In a statement by Director Information, Press and Public Relations, OAGF, Mr. Henshaw Ogubike, the AGF identified the designated collection account name as the FGN COVID-19 Eradication Support Account.

He further explained that the decision was in line with the federal government’s financial regulations adding that the funds will be released by his office to the Presidential Task Force on Control of COVID-19 according to the exigency of demand.

The AGF however, commended individuals and organisations that have so far supported the federal government’s effort in eradicating the pandemic, urging good-spirited individuals and organisations that wish to support the government to pay into the designated bank accounts.

The designated financial institutions include: Zenith Bank, Access Bank, GTB, First Bank and United Bank for Africa (UBA).

Meanwhile, the private sector relief fund, championed by the Central Bank of Nigeria (CBN) to raise funds to combat COVID-19 had rallied to N21.58 billion.

According to a CBN update on the private sector Coalition Against COVID-19 (CACOVID) Relief Fund, domiciled with the apex bank, the cash, which totalled N19.488 billion as at last Friday, rose to N21.588 billion following fresh donations from some individuals and organisations.