Chaaiii heeey!

We are dead & done for!

#8b for whaaaat?

Start with what you are given once we see the result then collecting more will be justified simple

Auditor general comedy

It would still result to billions of naira.

ejihand:
If Nigerians truly care about this country, why allocate 8 billion naira for an audit (fact-finding exercise)? Instead, they should engage local audit firms, provide them daily meals and accommodation in a comfortable hotel, and allocate 7 months for the process. Monthly stipends should be given, as a sacrifice for the nation.

However, corruption hinders such initiatives. Out of the 8 billion naira, 5 billion would likely end up in private pockets.

They should compensate his office with 5 truckloads of rice.
Simple and easy. Rice solves many things

ejihand:
If Nigerians truly care about this country, why allocate 8 billion naira for an audit (fact-finding exercise)? Instead, they should engage local audit firms, provide them daily meals and accommodation in a comfortable hotel, and allocate 7 months for the process. Monthly stipends should be given, as a sacrifice for the nation.

However, corruption hinders such initiatives. Out of the 8 billion naira, 5 billion would likely end up in private pockets.

Stop it!!! 7.999999 billion will end up in private pockets. Have you stayed close to government officials before?

I think #8 trillions should be enough,yeye people.

ALTERNATEID:

The Auditor General of the Federation, Shaakaa Chira

https://dailytrust.com/n8bn-not-enough-to-audit-over-1000-mdas-auditor-general/

At first, I thought I saw SHAKIRA.. 😁

Those who refuse to do arithmetic are doomed to talk nonsense. This thread shows the low level of education amongst Nigerians in general

Start with simple question like how many accountants, accounting seniors, managers and executives does it take to audit 1,000 entities, multiply by their pay and tell me whether N8 billion ($5m) is enough

Before you type any further nonsense, just know if you pay 1,000 junior accountants $500 per month for a year, your wage bill alone will be $6m. We have not even entered the cost required for auditing foreign embassies which may require travel, or the level of pay required for audit managers and executives to oversee the process, nor softwares, licences and IT required to do the job

ejihand:
If Nigerians truly care about this country, why allocate 8 billion naira for an audit (fact-finding exercise)? Instead, they should engage local audit firms, provide them daily meals and accommodation in a comfortable hotel, and allocate 7 months for the process. Monthly stipends should be given, as a sacrifice for the nation.

However, corruption hinders such initiatives.

When I become an eminent politician tomorrow I will include intelligent and patriotic people like you in my cabinet.

Exousiang01:


You have no idea
Most of you talking have no idea what auditing is.
Una think say na to just look statement of account.
Wont you pay the professioners to get the job done abi una think say na youth coper dey do am

Don't mind them,arm chair critics always criticising without thinking...... people who have never managed a 2 by 2 shop or even their family properly will be opining about govt business......in the post you could see the man saying 65% of the total allocation goes to recurrent, which leaves you with a paltry 3.2 billion...... softwares and licences alone would take almost half of that.

oshonky:
What do I win as ftc

You just won your self a carton of gold circle A.k.a condom and a hiv patient holosho

Ibime:
Those who refuse to do arithmetic are doomed to talk nonsense. This thread shows the low level of education amongst Nigerians in general

Start with simple question like how many accountants, accounting seniors, managers and executives does it take to audit 1,000 entities, multiply by their pay and tell me whether N8 billion ($5m) is enough

Before you type any further nonsense, just know if you pay 1,000 junior accountants $500 per month for a year, your wage bill alone will be $6m. We have not even entered the cost required for auditing foreign embassies, or the level of pay required for audit managers and executives to oversee the process.

said by an accountant.

we are onto your game, smooth talking wayo man.

all we need to audit is an intern and quickbooks

i fact we have open source software that will audit all the MDAS for free. it will work with AI and chat gpt

GloriousGbola:


said by an accountant.

we are onto your game, smooth talking wayo man.

all we need to audit is an intern and quickbooks

i fact we have open source software that will audit all the MDAS for free. it will work with AI and chat gpt

Don't forget travel to sites, laptops, phones and phone bills

Ibime:


Don't forget travel to sites, laptops, phones and phone bills

and estacode and entertainment allowance and hotel bills

back in the day that long thin guy would be housed in five star hotel suites in VI during bank audits. fully paid for by the bank.

enough carrying of chicks on the banks dime

you people are supposed to count beans not weigh boobs

But they expect patriotism from the general population

xpressionx:
These politicians and their people see Nigeria as burning nation where anyone can steal whatever he can before fire engulfs everywhere, no patriotism. .

Na statistics we go chop?

Your office is not considered important by this regime. That's why. Sorry, after all he claims to be your fellow accountant naa. LMAO.

Accountant wey no Sabi importance of statistics, is that one an accountant? 😂

The summary of Tinubu administration ... lessser money from the govt to the people and more money to the govt to share and finance imcompetence


It still reminds me of how state governors took FG to court to demand excess crude savings be shared ... they won, more money was shared But not a single thing did Nigerians benefit

More money in Nig. equals more money to loot, never effectiveness, efficiency & competency

Something wey I fit do for free

Lithiumite:


Don't mind them,arm chair critics always criticising without thinking...... people who have never managed a 2 by 2 shop or even their family properly will be opining about govt business......in the post you could see the man saying 65% of the total allocation goes to recurrent, which leaves you with a paltry 3.2 billion...... softwares and licences alone would take almost half of that.

How do you see Edo polls

xpressionx:
These politicians and their people see Nigeria as burning nation where anyone can steal whatever he can before fire engulfs everywhere, no patriotism.

Meanwhile the president should have told us he wanted to run for president of rice farmers association because at the rate baba is sharing audio rice ehn, rice for finish for market.

i knoew u didnt read at all. just jump to conclusions and start complaining

ejihand:
If Nigerians truly care about this country, why allocate 8 billion naira for an audit (fact-finding exercise)? Instead, they should engage local audit firms, provide them daily meals and accommodation in a comfortable hotel, and allocate 7 months for the process. Monthly stipends should be given, as a sacrifice for the nation.

However, corruption hinders such initiatives.

Too many jokers and kids on the Internet, were the firms not set up for profit?

Na monthly meals and accommodation shareholders of audit firm go chop?

Ibime:
Those who refuse to do arithmetic are doomed to talk nonsense. This thread shows the low level of education amongst Nigerians in general

Start with simple question like how many accountants, accounting seniors, managers and executives does it take to audit 1,000 entities, multiply by their pay and tell me whether N8 billion ($5m) is enough

Before you type any further nonsense, just know if you pay 1,000 junior accountants $500 per month for a year, your wage bill alone will be $6m. We have not even entered the cost required for auditing foreign embassies which may require travel, or the level of pay required for audit managers and executives to oversee the process, nor softwares, licences and IT required to do the job

I will soon deactivate my nairaland account,there are too many idiiots on this platform.

Same people believe a man will become president and turn the country around overnight, they do not understand the rot perpetuated by previous administrations.

ejihand:
If Nigerians truly care about this country, why allocate 8 billion naira for an audit (fact-finding exercise)? Instead, they should engage local audit firms, provide them daily meals and accommodation in a comfortable hotel, and allocate 7 months for the process. Monthly stipends should be given, as a sacrifice for the nation.

However, corruption hinders such initiatives.

You think you've truly calculated the cost?

IamANigerianMan:

Useless people, are you not collecting salary? Oga go and develop software to make everything automatic... We still want to use analog to collect bribe.... 99.9% of Nigerians are arm robbers

Software would cost how much?

How much does these 1000 ministries and MDA generate yearly?

What positive results have the office of the Auditor General produced in the last 5 years

How much have their Audit saved Nigeria in the last 5 years?

The AGF should answer these questions before asking for more money

Auditing is expensive sha. That's roughly 8million per MDA. Some of these MDAs may serve the 36 states.
However, there are still ways to cut that cost to the barest minimum. That's what tinubu is failing to do.

Do they not collect salary for loafing around all day All they need extra is to be stationed at their MDA for the period of Audit and communicate the results while there. Once the Audit is completed they go back to their ministry. I think the government need to sack this guy. By the way no government employee should be allowed to go to the press and talk anyhow like this. This is the work they are paid salary to do. Let them do their work. No other country pay any foolish estacode. They only reimburse expenses after you show receipt and it must be within a range approved by government or they won’t refund it.

If he want to claim that his staff will fly all over the country, hook them up digitally and let these MDA’s send their file by computer. They don’t even need to travel anywhere to do the job. All they need is access to the books digitally and excel files of that MDA.

senatordave1:


How do you see Edo polls

I see APC winning..... PDP has been weakened by obaseki's myopic politics..... edo south is the strongest zone for PDP but LP will effectively play the spoiler by splitting the votes also the Wike factor in PDP with orbih and ihiama and other PDP leaders who wants their party back after the war of attrition against obaseki.

The fleecing continues.