News
I Inherited Over ₦3.2 Billion Debt, ₦500 Million Unaccounted For When I Assumed Office — NAFDAC DG, Adeyeye
The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Adeyeye has disclosed that she inherited a debt of ₦3.2bn, while ₦500m was unaccounted for upon her resumption in the office.
She explained that if such a situation had happened in a developed country such as the United States, the company would have been declared bankrupt.
Adeyeye disclosed this on Channels Television’s Inside Sources on Friday.
According to her, “When I got to NAFDAC, I met ₦3.2b Debt, and ₦500m missing and there was no account for it before I came.
“I asked them if they had capital projects they used the money for. Bear in mind that at that time, ₦1 million was equivalent to $2000. So multiply $2000 by ₦500m. I was coming from the US where money was hard to get. You worked hard for your money. I could have given up but I saw an opportunity and I seized it.
“It was tough because if that had happened in the US, NAFDAC would have been declared bankrupt, and a financial house would have taken over the management of our finances. But I didn’t have money to hire a financial house.
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