Politics
THE Public Accounts Committee of the Senate on Wednesday threatened to publish details of ministries, departments and agencies of the Federal Government who fail to submit their annual reports and audited accounts to the Office of the Auditor General of the Federation.
Chairman of the PAC, Senator Matthew Uroghide, at the inaugural press briefing of his chairmanship of the committee, said the panel would make recommendations to the Senate to suspend approval of budgets of the defaulting MDAs until they comply.
“Information from the Office of the Auditor General (of the Federation) shows that all the Federal Government’s statutory corporations, commissions authorities and agencies are not up to date with their submission of their annual accounts and audited reports as specified by Section 85 (3) of the constitution. They have therefore violated the provisions of the Constitution,” Uroghide said.
The lawmaker also announced that the intention of the committee to conduct status inquiry on the revenue generation and expenditure of the MDAs as appropriated, in a move to expose inefficiency, waste and ineffectiveness in the management of public funds.
Uroghide added that the committee would begin to monitor government projects to ensure value for money, ascertain level of transparency, efficiency and effectiveness of government projects and programmes in expenditure of public funds.
– Oct 25, 2017 @ 18:00 GMT |
Tags: Senate panel reads the riot acts to MDAs over financial reports Senator Matthew Uroghide
