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    NEWS POINT NIGERIANEWS POINT NIGERIA
    Home - Senate To Probe N105bn Financial Infractions By Federal Agencies

    Senate To Probe N105bn Financial Infractions By Federal Agencies

    By Hamza RufaiNovember 19, 2024
    Senate 2

    THE Senate on Monday, vowed to invoke parliamentary sanctions against any head of Federal Government agencies which had been indicted for financial infractions in the report submitted to the National Assembly by the Auditor General for the Federation.

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    The Chairman, Senate Committee on Legislative Compliance, Senator Garba Madoki, gave the warning at a one-day workshop in Abuja.

    Madoki lamented the rate at which heads of the MDAs have been shunning Senate summons and warned that further disregard for the resolutions of the red chamber would no longer be tolerated.

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    He said, “We are going to be very strict on the report of the Auditor General for the Federation. We are taking notes of those items.

    “In the very short while, measures are going to be taken against everybody who refused to comply with Senate resolutions on the matter.

    “Where compliance is not done, I can guarantee you that actions will be taken against whoever is infringing on those reports.”

    The AuGF had a few months ago expressed concerns over irregularities and weaknesses in financial regulations across ministries, departments and agencies of government, especially in the disbursement and utilisation of public funds.

    The AuGF noted that transparency and accountability in government financial management systems could not be over-emphasised, particularly given the country’s rapidly dwindling revenues as well as its impact on an annual budget.

    The Auditor General, in his latest annual report on the financial conduct of public institutions, currently before the two chambers of the National Assembly, had revealed that a total sum of N105.66bn had been expended by MDAs in breach of extant rules and regulations.

    Nigerian TAX Reform - Federal Goverment

    The report stated that N18.36bn had been awarded for contracts without regard to the Public Procurement Act.

    The AuGF also expressed concern over the persistent inherent weaknesses in the system despite his previous recommendations to the Minister of Finance, Budget and National Planning as well as the Accountant General of the Federation for prompt actions.

    However, the Chairman of the Senate Legislative Compliance Panel said, the Senate Committee on Public Accounts is already dealing with the AuGF report.

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    He said, “We will take this job seriously. And where sanctions are required, we will not hesitate to sanction any MDA that violates the laws of this country, either inadvertently or willfully.”

    The Senate President, Godswill Akpabio, in his speech read on the occasion by his deputy, Jibrin Barau, also said the 10th National Assembly would not take it easy with any head of the MDAs who flout its resolutions.

    He said, “As representatives of the people, one of our core mandates is to ensure that the resolutions and laws passed by the legislature are implemented effectively.

    “This task is not just about oversight; it is about ensuring that the aspirations of Nigerians, as articulated through their representatives, are translated into meaningful action and positive outcomes.

    “Legislative compliance is critical to the success of governance. Without it, the effectiveness of the National Assembly is undermined, public trust in government is eroded, and the development agenda is stalled.

    “Our responsibility goes beyond enacting laws—it extends to ensuring their implementation by Ministries, Departments, and Agencies, and holding those who fail to comply accountable.”

    The acting Clerk to the National Assembly, Mr. Kamoru Ogunlana, said legislative compliance was not merely a legal framework but the backbone of good governance.

    He said, “ It ensures that our laws are not just enacted but are effectively implemented and respected throughout our society,

    “Through robust legislative processes and compliance mechanisms, we can enhance citizen trust and confidence in our institutions, paving the way for sustainable development and social justice.”

    Federal Agencies Probe Senate
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