Skip to main content

No Audit Report On N4.2tn TSA Two Years After –AGF

Members of the House of Representatives were in shock on Wednesday when the Auditor - General of the Federation, Mr. Anthony Ayine, disclosed that over two years after the Treasury Single Account policy came into operation , it had not been audited.

He also claimed not to be aware of the amount of funds so far deposited into the account since his office had not done due diligence on it .

Ayine had appeared before an ad hoc committee of the House , which is investigating the operations of the TSA since it was inaugurated in 2015.

The committee said an estimated N 4 . 2 tn had so far been transferred into the TSA , which is domiciled in the Central Bank of Nigeria .

The committee is chaired by a member of the All Progressives Congress from Kano State, Mr. Abubakar Nuhu .

The AGF quickly admitted blame before the lawmakers , saying that it was an “ omission” for his office not to have audited the TSA over the last two years.

In the absence of the audit , Ayine stated that his office had not produced a report on the status of the TSA.

However , he reminded the lawmakers that he met the situation like that when he resumed duties about seven months ago.

He added that his first step was to review the situation and immediately put plans in place to carry out the audit .

Ayine added , “ For TSA , we have not actually carried out any performance audit directly . After my review (of the situation), I asked why there was no audit of the TSA and I was told it was an ongoing programme , but I knew that there is the need to carry it out.

“ Not carrying it out was an omission and it was wrong because the circle of audit is for preceding year and we have had two years for TSA now .

“ Since I noticed that no performance audit was done , I gave the directive that it should be carried out three weeks ago. ”

When the committee asked a specific question about the N 4 . 2 tn , the AGF replied that he could not confirm it without an audit being done first .

“ Not quite (sure ); I need to , as an auditor , to have verifiable evidence before me to be categorical in my response .

“ I need to have documents relating (to the transfers ). ”

But , the Office of the Accountant - General of the Federation praised the TSA policy , saying that it had impacted positively on the economy by monitoring the flow of funds within Ministries , Departments and Agencies of government .

The Director (Funds) , Mr. Alexander Adeyemi , who spoke for the AGOF’ s office , explained how the TSA had reduced pressure on the Consolidated Revenue Fund by over N 4 bn monthly .

“ With this , there is fund to carry out activities of MDAs because payments are no longer authorised until due diligence is carried out and verified on projects , ” Adeyemi added .

The director advised the committee to seek further details from the CBN.

But , efforts by the committee to get information on the N 1 . 65tn said to be the inflow into the sub - account of the Nigerian National Petroleum Corporation in the TSA , yielded no results.

The director simply replied that his office did not have any data on the NNPC .

“ The information on this inflow is not available to the AGOF’ because it is not available in the treasury .

“ The committee may want to ask the NNPC and the CBN to provide the information ” , he told lawmakers .

However , he informed members that whenever there were differences in figures between Remita and the AGOF , the matter would be resolved through the reconciliation of the figures.

The members were unhappy that the GMD of the NNPC, Dr . Maikanti Baru , who had been invited for the session , stayed away .

The committee threatened to use “constitutional powers ” vested in the House to compel attendance by the GMD if he failed to provide information on the corporation ’ s TSA transactions.
Post a Comment

Popular posts from this blog

FG and labor leaders to meet today over planned strike action against increased pump price

The Federal government, leaders of the Nigeria Labor Congress NLC ‎and Trade Union allies will be meeting today May 16th to discuss on the planned strike action by the Labor congress. The labor leaders on Saturday May 14th gave FG till midnight of Tuesday May 17th to revert to the old pup price of petrol of N86.50 or face a total strike that may begin on Wednesday May 18th.

The Federal government and Labor leaders' meeting will hold at the office of the Secretary to the Government of the Federation in Abuja by 10am..

Those expected at the meeting include Minister of Labor Chris Ngige, leaders of NLC, TUC, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN counterpart.

TRAGEDY IN GHANA-Police officer, pregnant wife, daughter perish in gory accident,new born baby survives

A Police officer, his pregnant wife, their 3-year-old daughter and their nephew died in a horrible accident on the Adabraka road Sunday dawn.

The Police officer identified as Sergeant Francis Essuman 42, with his nephew Kobby 21, and their daughter Wilhelmina 3, were accompanying his pregnant wife, Elizabeth Essuman, 36, to the hospital to deliver when the accident occurred.

According to Chief Inspector Lilly Rockson in an interview with Adom News said, the pregnant woman delivered a bouncing baby boy in the taxi half way to the hospital prompting them to panic.

In a bid to quickly get her to the hospital to avert any complications, the taxi driver was compelled to speed but ended up crushing into a Sprinter bus which was on top speed from Tudu in Accra.

Title-crazy civil servants to go

Title-crazy civil servants are scared of being sacked, The Nation learnt at the weekend. Officials, who violated the Public Service Rule banning titles until after retirement, may be retired in the coming civil service reforms.
Only those whose titles were traditionally inherited may be spared but their postings and conduct will be put under watch.
According to sources, the government is disturbed that most of the top civil servants with honorary awards actually bought them at high fees.
The affected civil servants violated the rules which grants them the right to such honors only after retirement.
Besides committing the resources of Ministries, Departments and Agencies (MDAS) to such awards, most of the civil servants used the window to “grant favour to groups, persons, and communities in violation of their oath of office.”