Wednesday, May 8, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Audit report shows 10 MDAs spent N2.6bn on ‘unapproved’ foreign trips

Audit report shows 10 MDAs spent N2.6bn on ‘unapproved’ foreign trips
January 06
12:35 2020

An audit of the federation’s account shows that 11 government ministries, departments and agencies spent N2.6 billion on foreign trips, training and conferences without receiving approval.

The report, which was released by the office of the auditor general’s office, covered activities carried out in 2017.

Anthony Mkpe Ayine, the auditor general of the federation, said this action by MDAs despite the strict restrictions placed on international travels could lead to misappropriation of funds.

Here is a list of the MDAs listed in the report:

Advertisement
S/N MDA Amount (N)
1 Federal University of Technology, Akure, Ondo state 168,316,389.10
2 Federal University, Oye-Ekiti, Ekiti state 29,613,025.00
3 National Examination Council (NECO) 38,383,171.00
4 University of Uyo, Akwa Ibom state 20,294,773.00
5 Federal University Dutse, Jigawa state 21,506,776.00
6 Consumers Protection Council 4,142,813.00
7 Corporate Affairs Commission 2,193,564,628.00
8 National Health Insurance Scheme, Abuja 161,356,773.00
9 National Agency for Science and Engineering Infrastructure (NASENI), Abuja 10,742,101.95
10 National Health Insurance Scheme, Abuja 12,500,000.00
11 Federal Radio Corporation of Nigeria 25,100,192

In his remarks, Ayine recommended that all those involved in the payments being made without the relevant documents and approvals should be sanctioned.

He also recommended that the minister of finance ensure that all MDAs are fully on the government integrated financial management information system (GIFMIS) platform, abolish the use of manual payment voucher, channelling all payments through the GIFMIS platform.

UNDER FAYEMI, MINES AND STEEL MINISTRY DIDN’T REMIT TO TSA

According to another section of the audit report, revenue generated by the ministry of mines and steel development between 2015 and 2017 was not remitted to the treasury single account.

Advertisement

The revenue generated within the period was said to have amounted to ₦8.5 billion.

The breakdown of the yearly revenue is as follows:

2015 revenue: N2,214,925,333.58

2016 revenue: N2,838,351,664.97

Advertisement

2017 revenue: N3,485,853,451.64

Total: N8,538,330,450.19

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.