Director General of the National Agency for Food and Drug Administration and Control, NAFDAC, Prof. Mojisola Adeyeye, has disclosed that she inherited a bankrupt agency from her Predecessor, Paul Orhii.
Prof Adeyeye made the disclosure on Tuesday while briefing House of Representatives Committee on Finance, led by Hon James Falake.
The committee is probing the financial status of various government agencies under its watch with a view to boosting the treasury.
According to her however, though the agency was indebted to the tune of N3.2b, it has offset the debt despite stiff opposition to her decision from some unnamed people.
Prof Adeyeye, who decried the rot in the nation’s public sector, noted that the debt is made up the N1.6b owed to the Federal Inland Revenue Service, FIRS, N700m spent on foreign and domestic training of staff and contractors’ N400m, which the agency has now paid off.
According to her, “Nigeria has no business borrowing if there is discipline in all sectors of the economy.”