THE Senate Public Accounts Committee Monday queried about 558 ministries, departments and agencies for failing to account for N969bn “intangible assets” in the 2019 budget.
Members of the panel, while considering the 2019 report of the Auditor-General for the Federation, said there was no disclosure by the MDAs to enable audit confirm the assets.
The committee’s vice chairman, Senator Ibrahim Hassan Hadejia, said the details of the agencies involved were contained in the Auditor-General’s report.
The report said: “Audit observed from review of notes 36 and 36A (Intangible) to the FGN Consolidated Financial Statement that the sum of N969bn was recognised under Notes 36A as Intangible Assets without a schedule showing the classification/nature of the intangible assets contrary to the provision of IPSAS 31.
“There was no disclosure to enable the audit confirm which of the intangible Assets has finite and infinite life.”
The representative of the Accountant-General of the Federation, Shuaibu Sikiru, said the template would be redesigned to accommodate the observation in subsequent years.
Among the 558 agencies are State House, Bureau of Public Enterprises (BPE), Bureau of Public Procurement (BPP), National Population Commission (NPC), Federal College of Forestry, Ibadan, Federal College of Forestry, Jos, National Orientation Agency (NOA), Bureau of Public Service Reforms and Nigeria Police Academy, Wudili.
Others are Federal Civil Service Commission, Office of the National Security Adviser, Federal Ministry of Interior, Nigeria Immigration Service, Federal Fire Service, Police Formation and Command, Headquarters, Nigeria Security and Civil Defence Corps (NSCDC), Office of the Head of the Civil Service of the Federation, Federal Government Staff Housing Loans Board, Federal Training Center, Ilorin, Office of the Economic Adviser to the President and the National Broadcasting Commission (NBC).
Also, Voice of Nigeria, Nigerian Film Corporation, National Theatre, Federal Ministry of Information, Headquarters, News Agency of Nigeria (NAN), Administrative Staff College of Nigeria, and many others.
