DMO Denies  Alleged N1.08b Corruption Scandal 

The Debt Management Office (DMO) has denied report  by a local Nigerian newspaper, alleging a N1.08 billion corruption scandal in the debt agency.

According to the debt office, the report is “unequivocally”  false, full of lies and the documents referred to in the report have been twisted and distorted with the intention to misinform the general public and discredit the institution.

The agency said the story published on Saturday is not a true representation of the dealings in the DMO and according to the agency which manages public debt, the report was a distortion and masterminded by those who want to misinform the public and discredit the institution.

“It should be noted that the DMO is an accountable, transparent and responsible organization that works in accordance with laid down civil service procedures and it is highly regarded by Multilateral Agencies and financial institutions as a reputable Government Agency,” it added.

In the statement refuting claims projected in the story, the debt office further stated that, “the sponsors of the story are disgruntled elements who have not only breached the Civil Service Rules but have also contravened laid down procedures for dealing with official matters.

“These officials have resorted to illegally leaking official documents due to their recent redeployment, have colluded with other disgruntled persons who have failed in their attempts to control the running of the affairs of the DMO, which has blocked their ability to pilfer public funds.”

It further noted that the story “referred to documents that, on their own, are incomplete and do not reflect the whole story or the purpose of any transaction,” adding that the “claims that events and travels by officials of the DMO either did not take place or did not hold are false and an attempt to discredit the impeccable records of the organization.

“These speak to their desperation to give the institution a bad name. It is unfortunate that a reputable news medium would lower its guard by allowing its platform to be used to promote falsehood by disgruntled and fraudulent elements in the DMO without cross-checking with the management of the organization.

The DMO, in line with laid down Civil Service Regulations, it will brief relevant security agencies in the country to thoroughly investigate the sources of the documents, on which the sponsors based their story, with a view to bringing the perpetrators to book in line with Public Service Rules No. 030401 and 030402 which prescribes dismissal for unauthorized disclosure of official information as a serious act of misconduct,” part of the statement read.