By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

2015 Audited Accounts: Senate threatens to expose erring MDAs

Last updated: June 23, 2021 3:13 pm
4 years ago
Share
3 Min Read
Senate

The Nigerian Senate on Wednesday said it will make public the identities of Ministries, Departments and Agencies, MDAs, indicted by the report of the Auditor-General of the Federation, AGF, on the audited accounts for the year 2015.

The President of the Senate, Ahmad Lawan stated this even as the upper legislative chamber requested the Chairman of its Committee on Public Accounts, Senator Matthew Urhoghide to return with an executive summary of his report on the queries raised by the Auditor-General of the Federation.

The Urhoghide report indicted 59 MDAs out of the 114 agencies queried by the Auditor-General. It had the queries of 46 other agencies vacated.

Also Read: Plateau State PDP Caretaker Committee assures factions of fairness in reconciliatory process

In all, a total of 84 government agencies appeared before the Senate Panel.

While 21 MDAs made only written submissions without appearing before the Senate panel, 7 others completely refused to appear before the panel to defend their expenses.

Irked by this behaviour, the President of the Senate said those indicted and have refused to provide an explanation for their spending of public funds have no business occupying such positions.

Presenting the report, Urhoghide said a number of late submissions of annual financial statements by most of the government agencies had to be seriously addressed to enhance the auditing system in the country.

He said other bottlenecks include: reckless withdrawal by the executive arm of government from Special Fund Accounts other than for the purpose they were created; lack of cooperation between the office of the Auditor-General and the Office of the Accountant-General- two key agencies involved in the management and supervision of public funds.
He also identified a widespread of unwholesome financial reports by key revenue-generating agencies as a major constraint to an effective and efficient auditing process.

Urhoghide welcomed the tough stance of the Senate President on erring MDAs, recommending an even stiffer guideline that will make it mandatory for MDAs to show evidence of their Audited Financial Account for the previous year (s) before they are allowed to present and defend any new budget.

(Editor: Abaje Usekwe)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Athlete Debesay Desale Wins Asmara Marathon 2025 June 8, 2025
  • Libyans in Benghazi relay frustrations about the political and security situation to United Nations Support Mission in Libya (UNSMIL), propose solutions June 8, 2025
  • Iranian and Egyptian Foreign Ministers hold telephone conversation June 8, 2025
  • African Peer Review Mechanism (APRM): “Fitch's Downgrade of Afreximbank's Rating is Based on Flawed Loan Classification” June 8, 2025
  • 2025 Basketball Africa League (BAL) Playoffs - APR (Rwanda) and US Monastir (Tunisia) Secure Wins in Pretoria, BAL Playoffs Set June 8, 2025

Trending

aitlive 9
Breaking: INEC admits glitch in results transmission as Court Reserves Judgement In Atiku’s Petition Against Tinubu, electoral body
2023 Elections Headlines
aitlive 1 19 1
Nigeria Air: MD Confirms Unveiled Aircraft Was Hired Ethiopia Flight
Local
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
AIT-IMAGES - US House Republicans
US House Republicans authorize Biden impeachment inquiry
World
PETER OBI
Drama in court as judges order Peter Obi’s legal team to go home
Headlines

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?