Africa
OGUN Assembly Committee on Public Account and Anti-corruption, on Thursday, decried what it called high level financial infractions committed by the State Signage and Advertising Agency between 2015 and 2020.
The News Agency of Nigeria (NAN) reports that the Chairman of the committee, Mr Musefiu Lamidi, led other members to consider the audit report of the agency for 2020 financial year at the assembly complex in Abeokuta.
Lamidi expressed the regret that the same infractions committed during the previous years were not addressed.
The lawmaker noted that there were breaches of due process guidelines, spending beyond the approval limit, non-coding of fixed assets as well as unremitted expenditures, among others.
He also identified other flaws that occurred in the agency’s accounts to include: revenue loss, absence of stores and store records, non- reconciliation of bank statements and failure to act and respond to previous audit reports.
The attitude, according to him, constitutes flagrant disregard for due process.
Lamidi, therefore, requested for immediate and frequent reconciliation of revenue cashbook and bank statements from 2015-2019, to stem revenue leakages.
The committee chairman directed the former Head of Accounts of the agency, Mr Ahmed Ojuola, to re-appear before the committee, with relevant supporting documents.
He listed the supporting documents to include: receipts and invoices for all transactions contained in the record books of the agency.
Responding, the General Manager of the agency, Mr Fola Onifade, assured the committee that the organisation would ensure that all the issues raised were addressed by concerned officials.
Onifade explained that the agency was not resting on its oars at improving on its revenue to the state. (NAN)
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Tags: Ahmed Ojuola Fola Onifade Musefiu Lamidi
