Sunday, 11 September 2016

Nigeria’s National Assembly fails to account for N9 billion – Audit Report

The National Assembly management failed to account for a total expenditure of over N9.4 billion in 2014, the latest audit report has revealed. 
The money included N9.39 billion for which no “documentary evidence” was provided and a N47 million to be returned to government coffers out of which only N360,000 was returned; giving a total of N9,440,844,572 (nine billion, four hundred and forty million, eight hundred and four thousand, five hundred and seventy two Naira).
The audit report of government bodies (2009-2014) was submitted to the Clerk to the National Assembly in March 2016 as statutorily provided. The full contents were recently publicly disclosed by the Office of the Auditor General of the Federation on its website.
The report indicted several government bodies of illegal and profligate spending, and failing to remit over N3 trillion into government’s treasury.
Apart from the National Assembly, other key bodies indicted include the state oil company, Nigerian National Petroleum Corporation, Ministry of Interior, the Presidency, Central Bank of Nigeria and some foreign missions.
According to the report, between January and December, 2014 under the leadership of David Mark as Senate President and Salisu Maikasuwa as the Clerk, the Management Department of the National Assembly Commission transferred N9,392,995,515.00 (Nine billion, three hundred and ninety-two million, nine hundred and ninety-five thousand, five hundred and fifteen naira) from the general services account to other accounts in different banks.In another case, the report disclosed that the National Assembly management remitted only N360,000, out of a N47 million balance of total personnel vote release and actual expenditure for 2014.

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