Senate read riot act to MDAs over audited accounts

Any agency of Government that fails to submit the report of its yearly audited accounts will henceforth face punitive measures...

Any agency of Government that fails to submit the report of its yearly audited accounts will henceforth face punitive measures from the National Assembly, including zero budgetary allocation, it was learnt Tuesday.

Chairman Senate Committee on Finance, Senator Matthew Urhoghide, had during the debate on the NCS’ 2020 budget lamented that the Customs is among the agencies that had failed to submit their audited accounts to the Senate. Lawan said that it is unacceptable for agencies of government to get new budget approvals without accounting for previous allocations as stipulated by law.

“If any agency refuses or fails without any cogent reason, we have every reason to take a drastic action when it comes to appropriation, because not to account for what you are given in the previous year is to say that you are not prepared to take a new budget.

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