*Prof. Mojisola Adeyeye, Director-General of the National Agency for Food and Drug Administration and Control relates how she met N3.2 billion debt, and N500m missing from the agency鈥檚 coffers with no account when she assumed office, stating the situation was tough 鈥榖ecause 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鈥�

Isola Moses | 绿帽献妻

Stressing the significance of prudent application of resources and endowments in managing an organisation in a recent interview, Prof. Mojisola Adeyeye, Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), has revealed how her leadership of the health sector regulatory inherited N3.2 billion debt, just as another N500 million was unaccounted for at the time she resumed office.

绿帽献妻 reports Prof. Adeyeye stated this Friday, August 9, 2024, while featuring on a Channels TV programme, monitored in Lagos.

The Director-General of NAFDAC disclosed the situation she met on the ground in the organisation was such that the debt and missing funds were enough to declare the agency bankrupt, if it had happened in a developed country like the United States (US).

Adeyeye, in the interview, also said: 鈥淲hen I got to NAFDAC, I met N3.2 billion debt, and N500m missing; and there was no account for it before I came.

鈥淚 asked them if they had capital projects they used the money for. Bear in mind that at that time, N1 million was equivalent to $2,000.

鈥淪o multiply $2,000 by N500m million. I was coming from the US, where money was hard to get.鈥�

She, however, noted: 鈥淵ou worked hard for your money. I could have given up, but I saw an opportunity and I took it.

鈥淚t 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鈥檛 have money to hire a financial house.鈥�

The NAFDAC Chief stated: 鈥淢y point is that we have enough endowment in this country to make things better, and I am using NAFDAC as an example.

鈥淚 said I was going to cut to the bone. I am going to be using technology to ensure that our system moves on.

鈥淲e started Zoom meetings in 2018. Many people didn鈥檛 like because it they were used to getting travel allowances and DTAs. But we had to save.鈥�