The Nation Newspaper Senate probes 774 federal agencies over alleged financial improprieties
The Senate is currently investigating 774 federal government agencies over alleged financial improprieties in queries raised against them in the 2019 report of the Auditor-General for the Federation .
He said that the 10th National Assembly with the support of President Bola Tinubu and critical stakeholders in the nation’s economy would soon embark on the amendment to the 2007 Procurement Act to block loopholes of financial infractions before they take place. “I even wrote a letter to that effect to the President and he responded by appointing a substantive Auditor General for the Federation .
“As we talk, the 2020 Auditor General’s report is ready and the substantive AuGF has appended his signature to it. “Our ultimate objective vis-a-vis the primary focus of the committee is to ensure transparency and accountability in the management of public funds. “If we talk about or say everything we see in the reports of the Auditor General, we might end up setting the citizens against the government.“What we have in most cases is garbage in and garbage out. If financial reports are not well documented to produce the required results in an audit, that means something would go wrong.
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