Mr Aghughu said that auditing of consolidated financial statements of the federal government on yearly basis would be expeditiously carried out as made available by the office of the Accountant-General of the Federation.
“You will recall that on March 25, the Audit of Consolidated Financial Statement of the Federal Government for the 2018 was submitted to this office for the required investigation of queries raised in it by the National Assembly.He, however, decried that his office was not working the way it should due to a myriad of factors crippling its operations and invariably giving room for all forms of financial infractions across the various MDAs.
He said the problem in incapacitating optimal functionality of the office’s mandate as far as thorough and appropriate auditing of financial statements of the MDAs were concerned, was gross underfunding which was telling much on their efficiency. “For example, the office is understaffed but there is no money for recruitment. Imagine many of our state offices having just two or three staff. Auditing is done by a team not by an individual,” he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023: Group demands referendum, opposes electionThe group appealed to political parties to save Nigerians from enslavement by refusing to submit candidates to the Independent National Electoral Commission for the 2023 general elections.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
We discovered N4.9trn unsubstantiated balance in 2019 audit report – AGFThe Auditor-General for the Federation, Adolphus Aghughu, Wednesday said unsubstantiated balances amounting to N4.973 trillion were observed by his office in the audit carried out on the consolidated financial statement of the Federal Government in 2019. Can someone break this news down for me? 🧐
Source: Daily Trust - 🏆 13. / 51 Read more »
Hushpuppi: Special investigation on DCP Abba Kyari yet to submit report -NPF - Punch NewspapersThe most widely read newspaper in Nigeria Them get report? No be Naija again.. lol😂😂😂😂 They won't submit it's Nigeria nah😂😂
Source: MobilePunch - 🏆 8. / 63 Read more »
Hushpuppi: Probe panel submits amended report on Kyari - Punch NewspapersThe most widely read newspaper in Nigeria Doctored report by NPF panel What kind of report is this? True or Not?
Source: MobilePunch - 🏆 8. / 63 Read more »
PIB Assent: PANDEF To Consult Stakeholders On Way ForwardThe Pan Niger Delta Forum (PANDEF) has said it will consult governors of the Niger Delta states, members of the National Assembly from Southern Nigeria
Source: LeadershipNGA - 🏆 4. / 77 Read more »
NBC cautions broadcast media against secessionist, terrorist agenda | The Guardian Nigeria News - Nigeria and World NewsThe Director General, National Broadcasting Commission (NBC), Balarabe Ilelah, yesterday, cautioned broadcast media to be wary of interest groups seeking to destabilise the country.
Source: GuardianNigeria - 🏆 1. / 94 Read more »