House Committee frowns at DBN, NHIS, NSITF over poor financial reports, makes serious recommendations

The House of Representatives Committee on Public Accounts in its two-year report has frowned at the failure of Development Bank of Nigeria (DBN) to render

its annual financial reports to the office of the Auditor General of the Federation in line with extant provisions of the 1999 Constitution and relevant financial regulations.

However, the “bank rendered its audited accounts for 2017 and 2018 in 2020 after CBN approval before rendering them to the Auditor General. In its assessment of the audit queries against National Health Insurance Scheme , the Committee disclosed that “NHIS has not rendered its audited accounts for the past 13 years.

In the same vein, the Committee during its investigation into the audit queries against National Information Technology Development Agency , observed that the Agency submitted its 2014 audited accounts in October 2015; 2015 in November, 2016; 2016 on 7th February, 2018, and 2018 in November 2019.

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