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Unaudited Accounts: Reps query NNPC, CBN, others
The House of Representatives Committee on Public Accounts has submitted its report on ministries, departments and agencies of the Federal Government that failed to render their audited accounts within eight years.
Prominent among those indicted in the report laid at the plenary on Thursday by the committee’s Chairman, Oluwole Oke, were the Central Bank of Nigeria, Nigerian National Petroleum Corporation (now Nigerian National Petroleum Company Limited), Niger Delta Development Commission, and Revenue Mobilisation Allocation and Fiscal Commission.
It was titled, ‘Report of the Committee on Public Accounts on the Deliberate and Reckless Refusal by Ministries, Departments and Agencies of Government to Render Audited Accounts for the periods 2014–2018 and 2019–2021 to the Auditor–General for the Federation and Approve the Recommendations Therein.’
In the report, the committee recommended the Economic and Financial Crimes Commission prosecution, warrant of arrest issued against chief accounting officers, and sanctioning of various MDAs.
The committee urged the Federal Ministry of Finance, Budget and National Planning; the Accountant General of the Federation; and Auditor-General for the Federation to jointly issue a government circular specifying strong sanctions against agencies that violated Financial Regulation 3010 for the 2019 -2021 financial year.
The committee also stated that “many agencies often violate the Appropriation Act by deliberately subjecting their internally generated revenue to some committees (of the National Assembly) directly overseeing them for approval and expend same illegally without Mr President’s assent.”
In its findings in the first batch of investigations covering 2014 to 2018, the committee said some MDAs complained that the procurement process of hiring their external auditors was cumbersome, which was the reason for operating during these periods without being audited.
The committee said it also discovered gross negligence by directors of finance and accounts/bursars in some MDAs in ensuring the accounts were audited duly, including delay in the appointment of governing councils/boards and in approving/signing audited accounts by the governing councils/boards.
According to the committee, some incumbent chief accounting officers refused to sign audited accounts prepared by former CEOs, while some MDAs submitted unsigned accounts. Also, some letters evidencing remittance of audited accounts to the Office of the Auditor General for the Federation had either faint or no acknowledgement of receipt stamp.
The committee, therefore, recommended that all MDAs should be directed to submit their audited account on or before May 31 every year.
It also recommended that a board or governing council meeting should be convened to sign audited accounts immediately after it was submitted by external auditors, noting that in the absence of a board or governing council, the supervising body of the MDAs should sign audited accounts to avoid delay in rendition to the Office of the Auditor-General.
Headlines
FRSC warns truck drivers against speeding, reckless driving
Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.
He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.
The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.
He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.
“All these are factors responsible for accident when drivers are not conscious of the driving rules.
“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”
He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.
Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.
He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.
He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024
Headlines
Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters
Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.
At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”
“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”
Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.
“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.
In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.
As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.
“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.
Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”
While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.
“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.
The contrasting scenes highlighted the nation’s deep political divide on election night.
Headlines
Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties
President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.
The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.
Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.
Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”
Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.
Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”
The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.
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