NBA AGM: N129.4M for transportation, N25.3M for Professional Fees, How Usoro Led NBA Spent N1.5 Billion in one year

NBA President Paul Usoro SAN

The Financial Statement Released by the treasurer of the Nigerian Bar Association, NBA, Banke Olagbegi-Oloba, has revealed how the leadership of the Association led by Paul Usoro SAN, spent the sum of One Billion, Five Hundred and forty three million, Eight hundred and Nine Thousand, Five hundred and fifty eight thousand Naira (N1,543,809,558) of the Association’s money in the last one year.

The financial report which is part of the reports to be presented to members today at the Association’s Annual General Meeting, AGM, revealed that the leadership of the Association spent 129.4 Million Naira on transportation and 25.3 Million Naira on professional fees.

Further breakdown of the expenses shows that the NBA Leadership spent 2,9 Million Naira on Bank Charges, 2 Million on Finance Cost, 9.7 Million Naira on telephone, 111.4 Million Naira on Benefits, 14.4 million on Printing, 3.3 million Naira on Generator, 10.8 million Naira on Publicity, 38.8 Million Naira on depreciation, 1.4 Million Naira on internet Subscription, 19.2 million Naira on Election Monitoring, among many other expenses.

The report showed that the NBA Leadership under Mr Usoro Spent the sum of Six hundred and fifty five thousand Naira on Members welfare in the last one year.

Below is Treasurers’ Report.

NBA 2018-2019 Audited FS and Treasurer Report

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