Economy

Audit Report: Reps summon Ag AGF, MDAs over financial accounts

The House of Representatives has summoned the Acting Accountant General of the Federation, Mr Okolieaboh Sylva for failing to lay the 2020 audit reports of Ministries, Department and Agencies (MDAs) of the government.

Rep. Oluwole Oke, Chairman, Committee on Public Accounts, issued the summoned on Tuesday in Abuja at the resumed hearing of the Committee on queries against MDAs by the office of Auditor General of the Federation.

Oke frowned at the development and declared that this was affecting the work of the parliament at looking into the financial transactions of MDAs which would no longer be tolerated.

“As the 9th Assembly is winding down, we need to redouble our efforts at looking into all the reports already laid before the House.

“We have completed work on those from 2017 and our reports are already in the press after which we will lay the reports before the whole House for official consideration.

” This is why we are inviting the Accountant General of the Federation to come before this committee to tell us while he is yet to lay the 2020 audited reports of MDAs before the Parliament.

”We need to listen to him to know where the problem is coming from so that we can wade in to resolve whatever hindrance affecting the presentation,” he said.

He said that the Minister of Finance had said that the nation’s expenditures surpassed its income and the ICPC also confirmed that the 2022 budget was padded by the executive arm by several billion Naira

He said that what the country needed was to redouble its efforts at revenue generation and as well check the books of the MDAs.

He warned all heads of MDAs who had refused to appear before it over audit queries raised against them to retrace their steps and do the needful in their own interest.

He said that the committee would have no other option than to effect the arrest of the defaulters or relocate its sitting to the premises of such MDAs

He said that there was a need to look for the needed money to finance the 2023 budget to cater to the needs of the entire populace. (NAN)

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

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