Budgeting Economy News Extra Latest News Political Economy

Defaulting Agencies On Financial Reporting Rise To 265 In 2017 – Auditor General

The Auditor General for the Federation, Mr. Anthony Mkpe Ayine, has reported that more Ministries, Departments and Agencies (MDAs) breached the requirements on the submission of their audited financial statements to his office in year 2017 as against 160 that defaulted in the preceding year. Ayine, in the latest 2017 Audit Report published by the […]

Budgeting Economy News Extra Latest News National Assembly Political Economy

Lack Of Audit Act Constraining Audit Institutions’ Work – Auditors-General

Auditors General in the country have identified the absence of an enabling law that will guarantee administrative and financial autonomy for the Office of the Auditor-General for the Federation, and enhance its efficiency and effectiveness, as the most critical challenge currently facing audit institutions in the country. The professionals raised this issue at the the […]

Budgeting Economy News Extra Latest News

Poor Implementation Of Audit Findings Bane Of Anti-Graft Drive – AuGF

The Auditor-General for the Federation (AuGF), Anthony Mkpe Ayine, has identified the poor implementation of audit recommendations contained in the Auditor-General’s inspections and annual audit reports as a major constraint to efforts aimed at sanitizing the nation’s public sector. Ayine made this disclosure when he hosted a delegation from the Pension Transitional Arrangement Directorate (PTAD) […]

Economy News Extra

FG Seeks States’ Auditors-General Support On Anti-Graft War

President Muhammadu Buhari on Tuesday urged all Auditors-General to support the Federal Government’s fight against corruption in the country to improve the country’s public finance efficiency and facilitate broad-based national development. The President, who  gave the charge at the 2018 Conference of Auditors-General in Nigeria in Abuja, said that tremendous achievements had been recorded in […]

Economy News Extra Latest News

Oyo-Ita Harps On Imperative Of Audit Law For Nigeria

The Head of Service of the Federation, Winifred Ekanem Oyo-Ita, has expressed support for current agitations for the speedy passage of the Audit Bill, stressing that an Audit Act will enable the Office of the Auditor-General for the Federation (OAuGF) carry out its constitutional functions more efficiently. Oyo-Ita made the call at the Audit House […]

Economy News Extra Latest News

Auditor General Office To Support National Park Service Operations

The Auditor-General for the Federation (AuGF), Anthony Mkpe Ayine,  has expressed the readiness of his office  to support the National Park Service (NPS) in fulfilling its mandate of preserving, enhancing, protecting and managing vegetation and wild animals in the national parks nationwide. He gave the assurance on Wednesday when a three-man delegation from the National […]

Budgeting Latest News

FG Overpays 450 MDAs N196Bn On Personnel Costs – Report

The latest audit report on Federal MDAs’ salaries and emoluments has indicated that a total sum of N195.94 billion was overpaid as personnel costs to employees enrolled on the Integrated Personnel and Payroll Information System (IPPIS) in 2016. The anomaly occurred despite the IPPIS’ acclaimed robustness and capacity to prevent frauds in public finance The […]

Budgeting Latest News

Auditor General Queries 308 MDAs Over Extra-Budgetary Spending

The Auditor-General for the Federation, Anthony Ayine, has queried 308 Ministries, Department and Agencies (MDAs) over N149.5 billion extra-budgetary spending in fiscal year 2016. According to the 2016 Annual Report of the Auditor-General for the Federation, which was submitted to the National Assembly in June vide a letter wit reference number C/AR.2016/CONF/VOL.1/01, the Auditor General […]