Reps Issue Warning To MDAs Over Remitting Audited Accounts
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Reps Issue Warning To MDAs Over Remitting Audited Accounts

David Ugbabe

The House of Representatives has issued a warning to new heads of MDAs trying to escape remitting their audited accounts.

It is reported that the heads of MDAs are hiding under the pretext of being new in office or absence of governing boards to approve their audited accounts.

According to The Chairman of the House Committee on Public Accounts, Mr Oluwole Oke, this act could be termed as a deliberate cover-up for not remitting their audited accounts to the Auditor General of the Federation as and when due.

The warning was issued following an excuse given by the Yaba College of Technology (Yabatech) Rector, Mr Obafemi Omokungbe, who told the committee that he assumed office in 2018 and that the accounts were not ready, as the external auditor engaged by YABATECH had yet to complete work on the accounts.

The committee stated that the submission was unacceptable and was against the financial regulations guiding the civil service.

Mr Omokungbe had on Friday appeared before the committee in Abuja, during an investigative hearing on the refusal by non-treasury-funded and partially-funded agencies to render their audited accounts between 2014 and 2018 to the Auditor-General of the Federation.

The Rector's submission was not acceptable to the committee, hence its resolved to place the institution on status enquiry and probe into its financial records.

Therefore, the institution was given 30 days to prepare its accounts and present a report to the Office of the Auditor General of the Federation, with proof of compliance sent to the House Committee on Public Accounts.

The committee insisted that if the college failed to obey the directives, the National Assembly would withhold budgetary allocation to the institution for 2020 to serve as a deterrent to defaulting MDAs of the Federal Government.

Mr Oke said, “We, as a committee, will fish out those involved and publish their names and their MDAs in the national dailies. We are compiling their names; there will be no hiding place for them. This is not a threat; we are going to carry it out to the letter.”

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