TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

MDAs’ abuse of financial regulations – Punch

The Citizen by The Citizen
August 29 2019
in Public Affairs
A A
0
My office can fight corruption better than EFCC, ICPC  – Ayine, Auditor-General for the Federation

A recent report by the Auditor-General for the Federation has further exposed the romp of government agencies in their crass breach of sundry financial regulations, which etch the epidemic of lack of accountability in the management of the public finance. Most government corporations and agencies have not submitted their audited accounts for 2016, while many have not complied at all since their inception. Records are shoddy or not kept at all in some cases.

Details of these anomalies as unfolded by the AGF, Anthony Ayine, showed that  65 agencies have never submitted audited accounts since they were set up; 76 others last submitted theirs in 2010; 51 bodies complied with the requirements for 2016; and only 149 audited statements for the 2015 financial year were submitted in 2017. This raises a big question mark on President Muhammadu Buhari’s much-vaunted anti-corruption crusade.

Involved in these infractions are the Office of the Chief of Staff to the President, the Economic and Financial Crimes Commission and 62 other ministries, agencies and departments. About N4.87 billion outstanding personal advances as of December 31, 2016 had not been accounted for. In the case of the EFCC, the auditor’s report claimed that the N13.96 billion salaries and wages in its consolidated financial statement did not reflect in its trial balance submitted for reconciliation, just as the commission, along with the National Assembly, the Presidency and 40 other agencies did not remit deductions worth more than N3.79 billion. The most outstanding case is the N500 billion, which the parliament did not properly account for. Agonisingly, Ayine said, “As of April 2018, 109 agencies have not submitted beyond 2013… despite the provision of Financial Regulation 3210 (v), which enjoins these bodies to submit both  audited accounts and management (report) to me not later than May 31 of the following year of account.” What to make out of all this is that the country has one of the most inept and corrupt bureaucracies in the world.

This cocktail of abuses explains why there is a looting spree in government; and it is even more worrisome that they occur in a democracy despite extant institutional checks and balances to ensure effective control. Where there is a systemic breakdown, as the current situation suggests, there is the need for strong leadership from a chain of authorities: the President, the National Assembly, ministers, Head of Service of the Federation and permanent secretaries in the ministries to reverse the mess.

Since 1999, the alarm bell has been ringing, evident in the plaintive reactions of all the AGFs to these breaches. At a workshop for synergy between the House of Representatives Public Accounts Committee and the Department for International Development, United Kingdom in 2015, for instance, Samuel Ukura, Ayine’s immediate predecessor, noted that the Auditor-General’s reports for 16 years submitted to the legislature, “haven’t been passed to the plenary session, let alone passed to the Executive for implementation.”

Because of the critical importance of maintaining surveillance on public treasury, the constitution created the AGF’s office and committees of Public Accounts Committees in the House and Senate. By global parliamentary convention, the opposition political parties oversee such committees in order to keep the ruling party in check. But here, their performance is most bizarre. Though there is enough blame to go round for this disarray, the National Assembly lawmakers deserve the biggest condemnation because the constitution confers on them a huge responsibility in the control of public funds. Decidedly, lawmakers’ refusal to consider reports forwarded to them is an indelible odium and an indicator of their involvement in the racket.

Besides public accounts, there are over 100 standing committees in both chambers fully funded to carry out oversight of the MDAs. The jurisdiction is exercised over more than 400 MDAs to guarantee service delivery. But over the years, they have proved that they cannot be trusted with such a task. Such consciousness should provoke concerns from Nigerians. About N150 billion annually is provided in the budget for their salaries and allowances, particularly gnashing is the N13.5 million monthly allowance as running costs for each senator.

If public service drives legislative engagements in the country, we could have had a radical departure from lawmakers’ toxic indifference to accountability matters after the Senate Committee on Public Accounts revealed in April 2013 that N1.04 trillion out of N1.5 trillion that accrued to Special Accounts between 2002 and 2012 was grossly mismanaged. Ahmad Lawan, the current Senate President, was the chair of that committee. Out of N580 billion “loans” given purportedly to institutions from the funds – a subversion of the objectives for which funds were created – the Senate report said N347 billion had not been recovered.

The observation of the then Senate President, David Mark, was as pungent as it was dead right: “If we had done well since 2002, this should not have happened. But we never bothered to look into this. Overall, we share in the blame, both the executive and the legislature.” This is unlike in the United States Congress, where its oversight activities on government agencies are clinical. For instance, a Disaster Relief Fund Congressional Monthly Report is always demanded by lawmakers and complied with by the bureaucracy. Under this kind of monitoring, raiding public treasury is difficult if not impossible.

Nigerians should demand that the lawmakers justify their pay – reputed to be among the highest in the world, despite the country’s dire financial straits. The civil society groups who realise the import of Ayine’s lamentation – lack of accountability in public finance management for two decades – should radically engage all the authorities concerned to end this rot.

Previous Post

$9bn fine – The Nation

Next Post

Brexit: Over one million sign petition against UK parliament suspension

Related Posts

Tele-robotic surgery: Nigeria needs more medical feats – Punch
Public Affairs

Tele-robotic surgery: Nigeria needs more medical feats – Punch

September 25 2026
2027: Voter registration figures must mirror turnout – Punch
Public Affairs

2027: Voter registration figures must mirror turnout – Punch

September 17 2026
EFCC recoveries: The good, the bad and the ugly – Punch
Public Affairs

EFCC recoveries: The good, the bad and the ugly – Punch

September 11 2026
Football’s house of failure – Punch
Public Affairs

Football’s house of failure – Punch

September 8 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue
Public Affairs

FAAC bonanza: Nigeria’s fiscal paradox – Punch

September 3 2026
Interstate highways of agony, hollow excuses – Punch
Public Affairs

Interstate highways of agony, hollow excuses – Punch

September 1 2026
Next Post
Brexit: Over one million sign petition against UK parliament suspension

Brexit: Over one million sign petition against UK parliament suspension

South Africans attack foreigners, businesses in new wave of xenophobia

South Africans attack foreigners, businesses in new wave of xenophobia

Leave a Reply Cancel reply

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

FROM THE GRASSROOTS

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

APPOINTMENTS

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

ODDITIES

Residents find lifeless body in Akwa Ibom gutter, police begin probe

New co-tenant absconds with neighbour’s children in Akwa Ibom

by The Editor
September 17 2026
0

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

GLOBAL NEWS

Gambia orders banks to replace foreign workers with locals

Gambia orders banks to replace foreign workers with locals

by The Editor
September 25 2026
0

...

Trump signs security deal with Greenland, Denmark at UN

Trump signs security deal with Greenland, Denmark at UN

by The Editor
September 23 2026
0

...

Trump bars CNN, MS NOW, Politico from White House

Trump bars CNN, MS NOW, Politico from White House

by The Editor
September 18 2026
0

...

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

by The Editor
September 17 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada raises study permit, visitor visa processing times for Nigerians

by The Editor
September 17 2026
0

...

State of the States

Auto Draft

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MT Asharami Ghana delivers 5,000MT LPG cargo to Ghana, boosts energy security, regional trade

MT Asharami Ghana delivers 5,000MT LPG cargo to Ghana, boosts energy security, regional trade

October 3 2026
Community leaders, scholars applaud Egbin Power’s scholarship programme

Community leaders, scholars applaud Egbin Power’s scholarship programme

October 2 2026

Nigeria advances research sovereignty as Health Ministry, NHIA, partners convene inaugural Health Financing Forum

September 28 2026
Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

September 25 2026

EDITORIAL REVIEW

Tele-robotic surgery: Nigeria needs more medical feats – Punch

Tele-robotic surgery: Nigeria needs more medical feats – Punch

by The Editor
September 25 2026
0

2027: Voter registration figures must mirror turnout – Punch

2027: Voter registration figures must mirror turnout – Punch

by The Editor
September 17 2026
0

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Opinion

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.