The Federal Ministry of Finance has dismissed allegations that it awarded contracts worth N13 billion between February and June 2024 without following due process.
In a statement issued in Abuja on Monday, the Ministry firmly refuted the claims, stating that at no point were any contracts awarded outside the bounds of established legal and regulatory procedures.
The reports had alleged that Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Permanent Secretary, Mrs. Lydia Shehu Jafiya, were involved in irregular contract dealings. 
However, the Ministry described the accusations as entirely baseless and misleading.
It clarified that all contracts awarded during the period, including those under the Presidential Initiative on Compressed Natural Gas (Pi-CNG), were in full compliance with the Public Procurement Act and other relevant laws.
“The publication in question is not only unfounded but also malicious,” the Ministry said. “It is aimed at tarnishing the reputation of the Minister and the Permanent Secretary, as well as disrupting the critical initiatives currently underway to revamp the economy under the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration.”
The Ministry stressed that transparency and accountability remain at the core of its operations. It pointed to the ongoing efforts in managing the national economy efficiently as evidence of this commitment.
While acknowledging the essential role of the media in promoting good governance, the Ministry cautioned media organisations to verify their information before publishing. “We will not hesitate to take legal action against any individual or organisation that seeks to damage the Ministry’s reputation through false and malicious publications,” it warned.
It further urged members of the public to disregard the report, reassuring Nigerians of its dedication to advancing economic reforms that will positively impact their lives.
“The Ministry is working diligently to implement the President’s economic vision. Nigerians can rest assured that every decision taken is in their best interest,” the statement concluded.
