MDAs should account for public revenues - Punch Newspapers

RECENT reports about federal ministries, departments and agencies explain how fiscal rascality, official indifference and poor oversight deprive the Nigerian government of its legitimate revenues and impoverish the country. A revelation by the Auditor-General for the Federation that MDAs failed to account for N4.

Presenting the Federal Government’s 2019 audit report to the NASS, the AuGF, Adolphus Aghughu, said “unsubstantiated balances amounting to N4.97 trillion were observed,” adding that this figure was above the materiality level of N89.34 billion set for the audit. Materiality, he explained,“means not just a quantified amount but also the effect that amount will have in various contexts.

The 1999 Constitution empowers the AuGF to receive, and comment on the audit reports “of the public accounts of the Federation and all offices and courts of the Federation.” Although the law precludes the AuGF from auditing MDAs, he is nevertheless authorised to conduct periodic checks on them, recommend a list of approved external auditors for them, comment on their annual accounts and submit the same to each chamber of the NASS.

The country pays heavily for this ingrained laxity. An allegation in March that the Nigerian National Petroleum Corporation failed to remit N4.07 trillion was never resolved. A similar outcry by the Fiscal Responsibility Commission that 32 MDAs withheld N1.2 trillion, as well as the alarm by CSOs in 2020 that statutory revenues of N5.78 trillion were never remitted, attracted neither vigorous investigation nor remedy.

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