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Published On: Thu, Oct 26th, 2017

Senate panel threatens to sanction agencies over audit report

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By Christiana Ekpa and Ikechukwu Okaforadi

Senate Committee on Public Account yesterday threatened to sanction any government agency who fails to submit annual accounts and audited accounts to Auditor General of the federation .
This was just as the Senators demanded sacking of federal government agencies which are not relevant to the recent world.
The Committee also vowed to publish names of agencies that fail to submit its report and recommend to the Senate to suspend approval of the budget of the defaulting agencies until they comply.
The chairman of the committee, Senator Matthew Urhoghide who addressed journalists vowed to undertake the review of the collections and remittances of revenue into the federation account by the revenue generating agencies.
“Information from the office of the Auditor -General for the Federation shows that all federal government’s statutory Corporation, Commission, Authorities and agencies are not up-to-date with the submission of their annual accounts and audited report to the Auditor General of the federation as specified by section 85(3) of the constitution of the Federal Republic of Nigeria.
“They have therefore violated the provisions of section 85(3) of the constitution. ”
He assured that the operation of the office of the Auditor -General for the federation are backed with modern and well articulated legislation.
He said, ” effort are on-going to conclude legislative work the bill, including Public hearing to obtain input and also organize a retreat to fine-tune the bill.
“The committee is quite aware of the daunting challenges facing the
office and will ensure that this bill is given the desired attention
for it to be passed. “

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