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.
“My point is that we have enough endowment in this country to make things better, and I am using NAFDAC as an example.
“I said I was going to cut to the bone. I am going to be using technology to ensure that our system moves on.
“We started Zoom meetings in 2018. Many people didn’t like because it they were used to getting travel allowances and DTAs. But we had to save.”
