ABUJA — THE House of Representatives Committee on
Public Accounts, weekend, accused the West African
Examination Council, WAEC, over misapplication of several
billions of naira.
The council, which receives annual budget worth several
billions of naira, failed to remit its revenue generated to
Federal Government since inception as provided by extant
laws.
The committee also alleged that the council failed to provide
update of its audited accounts to the Auditor-General of the
Federation and relevant committees of the National
Assembly.
A WAEC supervisor during exams
To this end, the House Committee resolved to investigate
the financial status, assets and expenditure of the council to
ensure accountability and transparency in the management
of public funds.
Solomon Adeola, chairman, House Committee on Public
Account, who presided over the investigative public hearing,
expressed displeasure over the failure of some of the 262
Ministries, Departments and Agencies, MDAs, to provide
their audited accounts to the office of the Auditor-General of
the Federation from inception.
Adeola said: “The attitudinal behaviour you, WAEC, have
exhibited over the years does not portray the kind of
institution Nigerians expect of WAEC. Is it the monumental
fraud, or lack of records, or financial Improprieties that have
taken place in the institution?
“I was not taken aback when I found your name on that list
(of Auditor-General). I was not surprised. It is expected.
“Sir, if you know the amount of fraud accruing to WAEC day
in, day out; year in, year out and all that WAEC can tell
Nigerians is that they only submitted their audited account
up to 2010? And as a result of our insistence that made
them rush down with 2011 and 2012 while 2013 is still
awaiting the signature of the Council.
“Aside from that, WAEC, all money accruing to you, you
don’t report anything to the Federal Government, yet you
still collect subventions like others. Money accruing to
WAEC going to several billions of naira, and that same
institution does not render account as at when due, even
when state governments now pick up your bills for all
schools? I’m not surprised.
“You are an endangered species and we need to take care
of you specially. So, it’s a special investigation to be
conducted on WAEC.
“This committee is going to be investigating WAEC for 2011,
2012 and 2013. We’re not insinuating anything, but it’s only
fair and proper that an institution like WAEC that is
generating much revenue annually must account for how
that revenue is spent.
“I know that a whole lot of activities including contracts are
being awarded by WAEC. We want to know how much is
generated by the sale of forms and how much subvention is
paid to the headquarters in Accra as well as other
expenditures.”



http://www.vanguardngr.com/2014/11/misapplication-funds-reps-say-waec-case-answer/

It's really mind blowing. They don't want cheat but they are cheating on the government and the people. So it's our tax payers money and oils money that's funding WAEC. I can't wait for the remaining investigation

MTN Corruption-Everywhere you go

A house lead by Tambuwal (a new progressive) what do you expect

aljharem:
A house lead by Tambuwal (a new progressive) what do you expect

Am not really into politics but I think that's all what our legislators need to do. It's there work and it's not Tambuwal or pdp work

This should hit front page

WAEC has another pending case which Nigerians are yet to ask them. I think they should tell us the "truth" so we know if a scam or a movie is being played by some politicians