News Express banner Camano banner
N2.97 billion not accounted for in 2016 audit: Report

By Joke Falaju on 17/10/2018

Views: 429

• Account budget
• Account budget

The Paradigm Leadership Support Initiative (PLSI) has disclosed that N2.97 billion for critical projects in 14 states of the country was unaccounted in the 2016 audit report.

It stated this in its 2016 report, saying the fund was meant for water and road projects for constituencies and were nominated by some members of the seventh Assembly but were either abandoned or not executed after huge sums of money was paid to contractors.

Executive Director of PLSI, Olusegun Elemo, who disclosed this during an Accountability Dialogue yesterday in Abuja, said some of the projects are located in Oyo, Osun, Ogun and Kwara states.

He specifically cited the Igboho-Kishi road nominated for Oyo State by Hosea Agboola and awarded in 2014.

He said the project was awarded for N94 million and about N83 million has been paid to the contractor, adding: “As at now, the road has been abandoned. We have the pictures, the road is still in deplorable state.”

He also mentioned the water project in Pansheke, Ogun State, nominated by former Speaker, House of Representatives, Dimeji Bankole and awarded for over N300 million, saying it has also been abandoned after a lump sum was paid to the contractor.

Stressing the need for the National Assembly to review the 2016 audit report, take necessary actions and make recommendations to the executive for implementation, he lamented that funds were constantly being wasted, while the people suffer dearth of critical infrastructure.

He lamented that the Audit act of 1956 has become obsolete and as such there was the need to pass the audit bill at the National Assembly to the President so as to have a more efficient audit office to deliver value for the money.

He pointed out that they have been working to ensure that abandoned projects in rural communities are either completed or the funds retrieved from defaulting contractors and returned to the national treasury.

Executive Director, Centre for Social Justice, Eze Onyekpere, stressed the need to strengthen the Auditor General of the Federation (AGF), Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to work with the AGF’s office.

Onyekpere also stressed the need for the Auditor General to be given power to probe security votes to state Governors and those found wanting should be named and shamed when their tenure expires.

Sourced from The Guardian report


Source News Express

Posted 17/10/2018 11:50:11 AM





You may also like...
Flood sweeps away Anambra schoolgirl while fetching water...

Nigeria moves to manufacture helicopters locally

EFCC arraigns Ex-Naval Chief, others for N600m fraud...

Quit Notice: Northern youth groups, Igbo leaders set...

APC behind Alamieyiesagha’s death —Ijaw group

PDP will bounce back to power — Gov....

Breaking: Dasuki floors FG, DSS •You must allow...

Edo legislature summons electric company over estimated bills...

Nightmare for Usain Bolt; fails to finish last...

Convicted Nigerian drug traffickers die singing; refuse to...

Ex-Cameroon minister arrested in Nigeria, extradited

New minimum wage — Obiano issues marching orders...


Latest News Obama's ex-deputy, Joe Biden, joins 2020 US presidential race Breaking News: Five oil wells on fire in Ondo BREAKING: Buhari off to UK; to be away for over a week Presidency and Nigerian by birth Niger Delta: FG blacklists contractors NLNG commences 2019 cycle of Post-Primary, Undergraduate and Post-Graduate scholarships 2 monks sentenced to death over bishop’s murder Pant thieves nabbed during hot argument Bayelsa Assembly members get life pensions 169 million children miss out on measles vaccine in 8 years Premier League: Man City take control of title race with derby win, Wolves dent Arsenal’s Top 4 hopes Six pipeline vandals perish in oilfields fire disaster


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,463 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,384 views) Shameless Genevieve Nnaji exposes breasts in public (352,948 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,115 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,445 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,272 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,347 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,901 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,080 views) 10 cars more expensive than Jets (189,870 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,310 views) Lagos plane crash: Journalist releases victims’ names (178,834 views)


UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,216) Business Verdict (65) Columnists (1,019) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (38) International (3,356) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,313) Opinion (1,228) Pidgin (17) Politics (10,644) Religion (985) Sports (1,970) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera