AuGF, Anthony Ayine. Photo: OAUGF
• MDAs in fresh misappropriation of over N300b
• BPE, SEC, CAC, the foreign ministry, varsities involved
About 265 agencies of the Federal Government have violated the fiscal and audit rules governing the operations of government accounts in 2017. This has resulted in more than N300 billion not being accounted for.
This is the position of the Office of the Auditor-General for the Federation which last week released the 2017 report after The Guardian accused it, the National Assembly and the presidency of negligence and continued delayed in unveiling the document nearly two years after the end of the fiscal year.
While 160 agencies failed to submit their audited accounts for 2016; 265 agencies defaulted in the submission of their audited accounts for 2017; while 11 have never submitted any financial statement since inception.
By the provisions of the Financial Regulation 3210(v), chief executive officers of government corporations, companies and…
Source: Guardian Newspaper
