‘315 agencies fail to submit audited accounts’

No fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed to submit audited accounts to the Office of Auditor-General for the Federation (OAuGF), report of a Senate panel has revealed.

Section 85 (3) of the 1999 Constitution empowers the office of Auditor-General for the Federation to audit accounts of all agencies of the federal government.
The report of the committee chaired by Senator Andy Uba (PDP, Anambra) was laid during Tuesday’s plenary.

A copy of the report obtained by our correspondent showed that of the 473 Federal Government parastatals, only 21 have fully complied and are up to date in terms of submission of their audited accounts.

Some of the agencies that have fully complied are Central Bank of Nigeria (CBN), Federal Medical Centre, Birnin Kebbi, Federal Character Commission, Nigerian Television Authority (NTA), National Human Rights Commission and Nigerian Law Reform Commission.

Daily Trust, January 19, 2017

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now