The Akwa Ibom Climate Area of Meeting Committee on Nation Accounts has cautioned Ministries, Sections, and Businesses within the shape for failing to agree to monetary rules.
The committee’s chairperson, Eric Akpan, mentioned this throughout the continued listening to at the 2023 Price range Audit Record submitted through the Workplace of the Auditor Normal, as acquired through our correspondent in Uyo on Sunday.
Akpan, lamenting that a number of companies have been discovered to have susceptible interior controls, which posed possible dangers of economic mismanagement and fraud, vowed that his committee would let fall negative stone unturned in convalescing misappropriated finances for the federal government’s coffers.
“Government revenues should not be treated and expended as personal funds. There must be proper documentation to account for expenditures. My committee will do all in its power to recover all misappropriated funds back to government coffers,” Akpan mentioned.
He emphasized the use of MDAs keeping up correct information and adhering to established monetary protocols to foster crowd believe in executive operations. Akpan warned that defaulting MDAs would henceforth be held responsible.
“We are committed to ensuring that all government agencies adhere to the highest standards of financial management. By holding defaulting MDAs accountable and implementing stringent oversight measures, we aim to restore and maintain citizens’ confidence in the government’s financial integrity,” he stated.
The audit, now in its fourth future of hearings for the fiscal occasion finishing 2023, underscored the use of MDAs adhering to monetary requirements. The committee recognized a couple of cases the place MDAs did not agree to rules, for the purpose of discrepancies in price range allocations around the shape.
The 2023 Price range Audit Record additional highlighted cases the place required documentation was once incomplete or lacking, undermining the integrity of economic reporting through MDAs.
The hearings mark a vital step in opposition to higher responsibility and transparency in executive operations, reinforcing the Climate Area of Meeting’s loyalty to upholding the foundations of excellent governance and fiscal integrity.
The future’s consultation integrated representatives from 20 MDAs, who gave the impression sooner than the committee to lend insights into their monetary actions throughout the audited fiscal occasion.