Federal Govt Cracks Down on MDAs Over 300% Surge in Imprest Claims
Written by Blessing Ajibuwa on July 30, 2025
The Federal Government has launched a stringent crackdown on Ministries, Departments, and Agencies (MDAs) following a 308% surge in imprest and cash advance disbursements. The Accountant-General’s Office has issued circulars capping quarterly imprest and cash advances, citing widespread abuse and unretired funds.
Key Features of the Crackdown
– *Capping of Imprest and Cash Advances*: The government has imposed a cap on quarterly imprest and cash advances to prevent abuse and ensure responsible financial management.
– *New Guidelines*: The Accountant-General’s Office has issued new guidelines for imprest and cash advances, emphasizing the need for transparency and accountability.
– *Consequences for Non-Compliance*: MDAs that fail to comply with the new guidelines may face consequences, including disciplinary action and financial penalties.
Impact of the Crackdown
– *Improved Financial Discipline*: The crackdown aims to promote financial discipline and accountability in MDAs, ensuring that public funds are used responsibly.
– *Reduced Abuse*: By capping imprest and cash advances, the government hopes to reduce abuse and ensure that funds are used for their intended purposes.
– *Increased Transparency*: The crackdown may lead to increased transparency and accountability in government financial transactions, promoting good governance and public trust.
