Audit report highlights N5 billion suspicious transactions in Nigerian Law School’s financial books

The 2019 audit report raises issues of misapplication, diversion, misappropriation of public funds, non-remittance of taxes, and payment of contractors without supporting documents...The Council for Legal Education, the body that runs the Nigerian Law School, spent over N5 billion in violation of financial regulations in 2019, the latest audit report of the Office of the Auditor-General of the Federation has revealed.

It cited an instance of an improper untilisation of N2.4 billion brought forward as the closing balance of 2018. Attributing the “anomalies” to weaknesses in the internal control system at the Law School headquartered at Bwari in Abuja, the audit report added that the payments might have been for “jobs not executed, loss or diversion of public funds.”

Of the over N1.55 billion realised as internally generated revenue for 2019, the report said, about N387.9 million estimated to be about 25 per cent of the amount realised was expected to be remitted to the consolidated revenue fund. “The sitting allowance was paid for holding day-to-day committee meetings for which the officers received salaries, and approvals for these allowances were not obtained from the National Salaries, Incomes and Wages Commission,” the report revealed.It also unearthed N67 million the law school “invested in a commercial bank via a fixed deposit instruction”.

“The Nigerian Law School year usually commences around October/November period and the bulk of school fees which makes up most of the internally generated revenue is collected around that period which is just before the closure of federal government financial year of 31 December. The law school said the contracts were successfully executed in accordance with the guidelines stated in the award letter.

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