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Auditor-General Tasks Auditors On Ethics

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The Office of the Auditor-General for the Federation (OAuGF) has charged members of staff to discharge their duties with diligence and commitment.
The Auditor-General for the Federation, Mr Anthony Ayine  gave the charge in a statement issued by his Head of Media and Public Relations, Mrs Olawunmi Ogunmosunle in Abuja on Tuesday.
Ayine also urged them to abide by ethics of the profession as it would ensure improved service delivery.
The auditor-general spoke at the inauguration of the OAuGF Regularity Audit Guide, Code of Conduct and Ethics, Quality Control and Assurance Manual and the OAuGF E–Learning Portal in Abuja.
According to report, the Strategic Development Plan was inaugurated on September  21, by President Muhammadu Buhari.
At the inauguration, the President urged the National Assembly to amend relevant legislation that would allow the Auditor-General of the Federal to adequately carry out his mandate.
The Tide source reports that the Strategic Development Plan was inaugurated on September 21, by President Muhammadu Buhari.
At the inauguration, the President urged the National Assembly to amend relevant legislation that would allow the Auditor-General of the Federal to adequately carry out his mandate.
Ayine He said the inauguration was in continuation of the implementation of the road map toward re-positioning and reform of the Office to fulfill its constitutional mandate.
He identified skills deficit as a major challenge to the delivery of high quality audits.
“Auditors must always be a step ahead of accountants because you cannot audit what you don’t know.”
According to Ayine, the Office with the support of DFID has prepared materials that will help in training members of staff on the use of the new audit methods.
He advised that auditors that do not take the opportunity to improve their skills and re-dedicate to honest work would find themselves obsolete within a short period.
Ayine, however, expressed optimism that the inauguration was one major step toward improving the skills base of the Office.
He also expressed the hope that the training would equip auditors with the right skills to do a thorough job in line with international best practices.
“Auditors must have integrity and objectivity to conclude their job and report their findings in full.
“They must be knowledgeable, skillful, diligent, of high integrity and impactful through their quality deliverables,” he said.
Meanwhile, Mr Ekpo Nta, former Chairman, Independent Corrupt Practices and Other Related Offenses Commission, (ICPC) in his address challenged the OAuGF to take up its constitutional role and lead the anti – corruption war in the country.
Nta observed that OAuGF had failed to make serious impact because of its inability to improve on the system over the years.
According to him, if the Office performs its duties properly as assigned to it by the constitution, there would be no need for the ICPC and the Economic and Financial Crimes Commission (EFCC).
“Some of the actions we take have serious consequences for us as individuals, the family and the country in the long run.’’
Nta therefore charged auditors to be ready to re-brand and re-orientate their minds in line with the ethics of the profession.
“Auditors ought to know that their assignment is a constitutional role that goes beyond the Auditor-General and the President.
“They should be reminded of their role as key drivers of growth of the economy.
“Therefore, as auditors, we must come to the realisation that Audit-Report is not meant to destroy, but to build.
“We must also carry out our roles as auditors in line with the ethics of the civil service to stem the level of decay that the nation is experiencing today,” Nta said.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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