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Non disclosure of financial transactions: Senate gives 7 days ultimatum to OAGF,CBN,FIRS, 22 Other defaulting MDAs


The Senate Committee on Public Accounts on Wednesday issued a seven day ultimatum to 25 Ministries, Departments and Agencies (MDAs) to present detailed reports of their financial transactions from 2017 to 2019 to the committee.

The defaulting MDAs include:Office of the Accountant-General of the Federation,(OAGF),Fedral Inland Revenue Services (FIRS),Federal Capital Territory Administration, Assets Management Corporation of Nigeria.

Others are Niger Delta Development Commission (NDDC),National Agency for Science and Engineering and Infrastructure (NASENI),Nigeria Investment Promotion Council, Federal Airports Authority of Nigeria (FAAN), Nigeria Football Federation.(NFF)

Also in the list include Federal Roads Maintenance Agency(FERMA),National Space Research and Development Agency,

Nigerian Building and Road Research Institute, Nigeria Maritime Administration and Safety Agency.(NMASA)

Petroleum Equalization Fund,Ministry of Niger Delta Affairs, Presidential Amnesty Programmé, Nigerian Petroleum Development Company,(NPDC)

Others are Small and Medium Enterprise Development Agency, Federal Road Safety Corps (FRSC) Nigerian Airspace Management Agency, Nigeria Insurance Trust Fund (N SITF), Industrial Training Fund, Nigerian Railway Corporation, National Primary Healthcare Development Agency and Central Bank of Nigeria(CBN).

Sen.Mathew Urhoghide (PDP Edo) Chairman of the Committee issued the ultimatum on behalf of the committee at a news conference in Abuja .

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He said the ultimatum became necessary following the failure of the MDAs to present detail reports of their financial activities after several request by the committee.

“In order to ensure accountability and transparency in the management of public funds and guarantee, efficiency and effectiveness in the use of public resources.

“The Senate Public Accounts Committee issued correspondences to relevant Institutions of government seeking their responses to enable the committee carry out special oversight functions in line with Sections 85, 88 & 89 of the Constitution of the .Federal Republic of Nigeria, 1999 as amended .

“The correspondence is also in line with Order 97(5) of the Senate Standing Orders 2015 as amended.

“In the light of this, all the defaulting Agencies are by this notice, given the last opportunity to make submissions before their invitation to the scheduled public hearings.

“In view of the fact that some Agencies have defaulted in their submission deadline.

“Notice is hereby issued to defaulting MDAs, other government organisations to make submissions within 7 days on their responses to issues raised by the committee regarding their income and expenditure operations from 2017 to 2019.”

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