The Federal Government’s annual audit report has uncovered financial irregularities of over N896m in the accounts of seven recently established federal universities.
The 2017 report from the Office of the Auditor-General of the Federation, titled, ‘Auditor-General’s Annual Report on the Accounts of the Federation of Nigeria 2017’, obtained by our correspondent, which indicted the universities for the years 2015 and 2016, recommended that the vice-chancellors of the respective institutions during years under review be made to answer for the monies unaccounted for.
For the federal universities in Wukari, Dutsin-Ma, Oye-Ekiti, and Birnin-Kebbi, the report listed irregularities totalling N754m. At the Federal University Dutsin-Ma, Katsina State, the report noted that between January and December 2016, rent recoveries of N31,461,559 was unaccounted for. It therefore said appropriate sanctions stated in Financial Regulation 3106 should be invoked on the vice-chancellor, while noting that there was also irregular payment of N8,437,595 as furniture allowance.
It added, “Also, there was award of contract without following due process put at N509,469,337. Furthermore, there was payment of unapproved allowances put at N50,993,125. The sanction stipulated in financial regulation 3106 should be imposed on the vice-chancellor. The management’s responses to the above issues did not address the issues.”
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