Kindly take a look at this report
Checks on the website of the Budget Office indicated that the National Intelligence Agency (NIA), is under the Office of the National Security Adviser (ONSA).
Its budget for 2014 was N36.923 billion with personnel cost accounting for N26.132bn.
The total overhead cost was N2.262bn, while the capital component was N8.5bn.The N13bn uncovered at the Lagos safe house was far more than the NIA’s other recurrent and overhead costs as well as the entire capital allocation combined allocated for 2014.
Similarly, the N13bn was higher than the entire overhead costs and capital expenditures for each of the agency’s budget for 2015, 2016 and 2017.
As for 2015, NIA’s budget was N33.470bn. The personnel cost for that year was N25.381bn; overhead, N1.789bn, with a total recurrent of N27.170bn, while capital expenditure was N6.299bn.
In 2016, NIA’s budget was N31.349bn, out of which personnel cost was N23.731bn; overhead was N1.375bn and the capital expenditure was N6.243bn.
The NIA’s proposed budget for 2017, which is currently before the National Assembly is N33.876bn. The personnel cost is N25.381bn; overhead is N1.864bn, while capital proposal is N6.631bn
so where exactly did Mr Oke get the $43m for covert operation that was “approved” since two years ago?
