Payments Outside Nigeria

Financial Regulations

Regular expenditure of Overseas Missions is controlled by AIEs issued by the Ministry of Foreign Affairs, and Nigerian Missions abroad are authorised to make the stated payments to Nigerian students. Payments to Ministers and Government Officials on official overseas tours require a specific letter of authority or AIE. Other payments are to be effected through the Federal Ministry of Finance Foreign Exchange Department with the specified supporting information and documents. Settlement of inter-territorial accounts is to be effected through the Central Bank or as directed by the Accountant-General.

Reference: Federal Government Financial Regulations, FR 626(a)–(d)

Practise Questions (2)