EFCC,BOI Top List Of MDAs Without Audited Financial Reports -Senate - Politics - Nairaland
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Magu Failed To Submit EFCC Audited Accounts For Four Years / EFCC Without Audited Financial Report, What A Shame! / EFCC, BOI, 83 Others ”never Submitted Their Audit Reports Since Inception” – Sen (2) (3) (4)
| EFCC,BOI Top List Of MDAs Without Audited Financial Reports -Senate by GoodGovernance: 4:33pm On Mar 08, 2018 |
Economic and Financial Crimes Commission, Bank of Industry,Bank of Agriculture and the Transmission Company of Nigeria (TCN), are among the 85 companies that have not submitted their audited accounts for many years. This startling revealation was made by Senator Matthew Urhoghide (Edo South), the chairman of the Senate Committee on Public Accounts . Non-submission of audited accounts by MDAs, is in contravention of Section 85 (2) of the 1999 Constitution which provides that: “The public accounts of the Federation and of all offices and courts of the Federation shall be audited and reported on to the Auditor-General who shall submit his reports to the National Assembly”. “Many parastatals are unwilling to submit their audited report without being compelled while others do not take conformity of public expenditure seriously. “There are no prescribed penalties for non-timely submission of audited accounts, status of privatized parastatals are not clear. AGF is handicapped due to budgetary constraints and absence of Board of Directors to approve appointments of external auditors has been used as excuse for unaudited reports,” he said. The committee added that 235 parastatals have about one to two years arrears of audited report, 103 have three to five years arrears, 17 have six to 10 years arrears, while four have arrears of 11 years and above. Senate President, Dr Bukola Saraki, was paqrticularly astonished that agencies like EFCC and some supervising ministries of the parastatals were implicated. Out of 497 parastatals ,only 47 have sent their audited reports, representing bout only 10% . Saraki stated:”I think there is a serious problem.” The Senators promised to strengthen the Office of the Auditor General and gave the parastatals till May 2018,to submit their audited reports or risk 2018 budget approval. https://www.financialdigest.com.ng/blog/2018/03/08/efccboi-tops-list-of-mdas-that-have-not-submitted-audited-financial-reports-for-many-years/ 1 Like |
| Re: EFCC,BOI Top List Of MDAs Without Audited Financial Reports -Senate by ritzyvic1(m): 5:06pm On Mar 08, 2018 |
EFCC?
Who will guard the guards? |
| Re: EFCC,BOI Top List Of MDAs Without Audited Financial Reports -Senate by Doyin2(m): 5:27pm On Mar 08, 2018 |
EFCC? What a shame! Only the person caught is a theif. Case of a theif chasing a theif? |
| Re: EFCC,BOI Top List Of MDAs Without Audited Financial Reports -Senate by chriskosherbal(m): 5:28pm On Mar 08, 2018 |
Doyin2:hmmm word  |
(1) (Reply)
Our Right To Defend Ourselves; Our Right To Life / Fashola Inspects Solar Panels Of The Electrified Shops Project In Kano (photos) / The Herdsmen Killings. Is This Not Proof Enough That Nigeria Can Never Be One.
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