Mr Elemo said the time lag of when the auditor-general report comes out has been a big issue
INVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalINVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalExperts on Friday discussed challenges, reforms, and the quest for accountability in...
Many public institutions, such as the CBN, Supreme Court, and Michael Okpara University, were spotlighted for violating financial regulations in the report. “I think this is one big issue that we have been dealing with. Unfortunately, it’s getting worse and worse. There’s been some sort of effectiveness in that office to the point that we had the auditor general’s report for 2018 released. The 2019 one came out about 23 months after the end of the financial year.
Meanwhile, he said there’s a law that mandates the auditor general within 90 days, of which he receives the report of the accountant general to present his audit report on that account to the“So you have maybe less than 2,000 staff you know, having to audit all embassies across the world, all courts, all ministries, departments, and agencies. How do you do that?” he asked.
Lastly, she said narrowing these down would also help the implementation of recommendations that are made to certain audit reports. He said funding to the office of the auditor-general should be a percentage of the budget, adding that the auditor-general’s office is not to be treated like a ministry, department, or agency.
She said the office of the auditor-general has to be empowered to be able to move beyond making recommendations to actually taking actions while noting that the Public Accounts committee should be mandated to publish the names of people who are responsible for these mismanagement.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How 28 MDAs illegally withdrew N13.95 trillion — Audit ReportTwenty-eight (28) MDAs were identified as involved in the illegal transactions following a careful review of the Bank Balances from the Consolidated Financial Statement.
Read more »
Nigeria to receive findings of ICAO airports security audit in 60 daysThe Nation Newspaper Nigeria to receive findings of ICAO airports security audit in 60 days
Read more »
Nigeria's Lack of Seriousness in the Fight Against CorruptionThe lack of Nigeria’s seriousness in the fight against corruption is epitomised by the EFCC’s revival this January, of the N772 billion fraud cases of 13 former governors, who left office in 2007. There is evidence that a humongous sum of $4.5 billion in Nigeria’s Foreign Reserves could not be accounted for, after an audit by the Auditor-General of the Federation in 2022, as stated in a report released last month. Apparently, the big elephant in the room – corruption, is on display, which a former President said will kill Nigeria, if it was not killed. Paradoxically, no administration has demonstrated the resolve to confront this monster squarely
Read more »
Nigeria to receive findings of ICAO airports security audit in 60 daysThe Nation Newspaper Nigeria to receive findings of ICAO airports security audit in 60 days
Read more »
Effective early warning system can boost food security in NigeriaThe Nation Newspaper Effective early warning system can boost food security in Nigeria - NiMet DG Anosike
Read more »