University of Ibadan says couldn't submit audit report because auditor 'went blind'

Reps committee threaten to withhold 2020 budget of the University of Ibadan

The University of Ibadan has said it could not submit its audit report to the Auditor-General of the Federation since 2014 because the external auditor engaged to prepare the report became blind while on the job.

But after the committee also found that the university paid the“blind external auditor” full retainership last year, it ordered a full investigation into the finances of the university. “And, sincerely speaking, it is not palatable that from 2014 to date, the University of Ibadan does not have an account with the Auditor-General. No, you won’t get money in the next budgetary allocation.”

“Actually, they are on their last account, which is 2015. We are about to engage another audit firm next week, the 13th of this month.”

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