Understanding NAFDAC's Financial Turmoil: DG Adeyeye's Claims of Debt and Discrepancies

Friday, 9 August 2024, 05:31

Professor Mojisola Adeyeye, the Director General of NAFDAC, has disclosed significant financial challenges since assuming her role. She reported inheriting a **£3.2 billion** debt alongside a **£500 million** unaccounted amount, prompting concerns about the agency's financial management. These revelations highlight the pressing need for transparency and strategic oversight within NAFDAC to foster trust and ensure effective operations in the food and drug regulatory sector.
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Understanding NAFDAC's Financial Turmoil: DG Adeyeye's Claims of Debt and Discrepancies

NAFDAC's Financial Challenges

The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, has recently made alarming financial disclosures.

Inherited Debt

When she assumed office, she **inherited a debt of £3.2 billion**, which raises concerns regarding the financial health of NAFDAC.

Unaccounted Funds

Additionally, Adeyeye reported that there was **£500 million unaccounted for**, pointing to potential mismanagement and a lack of financial accountability.

Conclusion

These revelations are critical as they call for immediate attention to NAFDAC’s operational strategies and financial controls to rebuild trust and ensure **effective governance** within the agency.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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