BusinessHeadlineNews

Senate probes NNPCL, NIMASA, 772 others over financial records

The Senate is looking into the financial records of 774 federal agencies, including the Nigerian Maritime Administration and Safety Agency and the Nigerian National Petroleum Corporation Limited, in accordance with the questions posed against them in the 2019 report of the Auditor General for the Federation, .

The Chairman, Senate Public Account Committee, Aliyu Wadada, disclosed this on Friday in Nasarawa State, while speaking with journalists.

According to him, “We are currently looking into the books of 774 MDAs to see what was appropriated to them and check whether they judiciously utilized the funds.

“As events unfold, we shall be compiling our reports every quarter and we will be making them public after their adoption by the Senate in plenary.”

Despite the move, Wadada said that his committee was not out to witch-hunt anyone, but to discharge its responsibilities diligently in the country’s best interest.

He said the 10th National Assembly with the support of President Bola Tinubu and critical stakeholders in the nation’s economy would soon embark on the amendment to the 2007 Procurement Act to curb financial infractions before they occur.

According to him, “If financial reports are not well documented to produce the required results in an audit, something would go wrong. We are seriously working on the assignment before us.

So far, some levels of achievements have been recorded and we are still engaging with heads of ministries, departments, and agencies of the Federal Government.

Share this:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *