“Stringent sanctions, including withholding financial releases and sanction of the chief executive officer, should be imposed on defaulting agencies that do not render timely accounts as provided in the constitution, financial regulations and other ...
•Lawan threatens sanctions against defaulting agencies
The auditor general, in his recommendation while submitting the 2017 audit report to the National Assembly said: “Stringent sanctions, including withholding financial releases and sanction of the chief executive officer, should be imposed on defaulting agencies that do not render timely accounts as provided in the constitution, financial regulations and other relevant laws.”
Some of the lawmakers who kicked against the report said it was sad that the NCS was getting seven percent from all revenues collected, two percent from all Value Added Tax , allocation from federation account and other revenues and still failed to submit its accounts for auditing. Matthew Urhoghide, who is the chairman of the Committee on Public Accounts, said: “The fact that customs is collecting seven per cent does not mean that its budget should not be audited.”
“So, I’m advising the MDAs, especially those that are not up to date with their audited accounts to do so. We could decide as a National Assembly to take measures against agencies of government that are not up to date with their audited accounts.” He added that the financial statements of government statutory corporations, companies, commissions and so on, otherwise called parastatals, were not audited by his office in line with Section 85 of the 1999 Constitution.
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