Fidelity bank banner UBA banner
N2.97 billion not accounted for in 2016 audit: Report

By Joke Falaju on 17/10/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 308

• 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

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
IDPs appeal for special consideration in ongoing police...

Boko Haram unleashes child suicide bombers on Cameroon...

Robbed again?: Zambia draw match Nigeria almost won...

BREAKING: Heavy explosion rocks Maduguri; 2 reported dead,...

NIMASA vows to stamp out maritime criminality

NUC okays Mass Comm, Accounting other full-time courses...

Aregbesola sets up revenue allocation committee, invests N1.7bn...

Army redeploys 52 generals, 597 other officers in...

NPFL releases 2017/18 draws; action kicks off Jan....

Offa robbery: Court orders service of summons on...

Konga appoints corporate guru Ijogun as Chairman

Saraki assures Russian investors of conducive business environment...

 

Latest News Meet Nollywood’s most eligible bachelors •What's keeping them from saying 'I do'? Bose wan do oyibo work FG to establish 2 new banks Oshiomhole, Saraki at war over bribery allegation Bribery Scandal: Ex-APC spokesman threatens to publish names of politicians who allegedly gave Oshiomhole money NLC dares governors over N30,000 minimum wage Why El-Zakzaky can’t be released now — El-Rufai How we stopped Okorocha from short-changing Imo pensioners — Durueke Kidnappers demand N15m on Zamfara twins, vow to kill one if payment not made on time Wike probes Amaechi over alleged N36bn contract scam ASUU, FG meeting ends in deadlock 2019: INEC reaffirms commitment to deliver credible elections

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (420,872 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (389,889 views) Shameless Genevieve Nnaji exposes breasts in public (322,772 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,454 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,024 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,435 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (208,962 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,423 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (175,786 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,527 views) Lagos plane crash: Journalist releases victims’ names (164,996 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (151,916 views)

 

Zenith Zero Balance First Bank banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (72) Business & Economy (3,794) Business Verdict (54) Columnists (963) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (566) Features (669) Global Business Monitor (309) International (2,684) Interview (166) Live Commentary (28) Love Matters (146) Maggie's Blog (35) News (40,581) Opinion (1,140) Pidgin (13) Politics (7,737) Religion (899) Sports (1,773) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera