Auditor-General indicts MDAs over N105.8b infractions

The Auditor-General of the Federation (AuGF) has indicted government Ministries, Departments and Agencies (MDAs) of government for financial impropriety as against extant financial regulations despite several warnings.

The AuGF, in its latest audit, stated that a sum of N105.760 billion worth of infractions were observed while identifying several weaknesses and lapses in the management of public funds.

The audit also included recommendations that should yield a substantial saving to the government purse if followed up through resolutions by the National Assembly.

The AuGF recommended stringent sanctions be imposed on the erring agencies and their Chief Executive who do not render timely accounts as provided in the Constitution, Financial Regulations, and other relevant laws.

The part one of the annual report with reference number C/AR.2018/CONF/vol.1/01 Dated 16th October, 2020 was signed by the immediate past Auditor General of the Federation, Anthony Ayine and addressed to the Clerk to the National Assembly.

It reads, “The Consolidated Financial Statements of the Federal Government of Nigeria for the year ended 31st December 2018 was submitted by the Accountant-General of the Federation on 27th May 2020. Following audit queries, an updated version was resubmitted on 6th October 2020 and was still under audit in accordance with the provisions of the 1999 Constitution as at the time of this report.

“The Financial Statements of Government Statutory Corporations, Companies, Commissions, etc., otherwise called Parastatals are not audited by my office, in line with Section 85 (3) (a) of the 1999 Constitution. However, in accordance with Section 85 (3) (b) of the Constitution, their Annual Accounts and Audit reports thereon shall be submitted to me for vetting and my comments.

“Several of the government corporations, companies and commissions have not submitted their audited accounts to me as at the time of this report despite the provision of the Financial Regulation 3210 (v) which enjoins the Chief Executive Officers of these bodies to submit both the audited accounts and management reports to me not later than 31st May, of the following year of the accounts.”

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