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AGF To Enforce Auditors Compliance With IPSAS

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The Auditor-General of the Federation (AuGF), Mr Anthony Ayine, says his office will enforce compliance with the International Public Sector Accounting Standards (IPSAS).
According to Ayine, IPSAS is a requirement for accounting by internal auditors of Ministries, Departments and Agencies (MDAs).
The AGF spoke at the opening of a one-day retreat organised by the Office of the Accountant-General of the Federation (OAGF) in collaboration with the Office of AuGF in Abuja yesterday.
The theme of the retreat was “First year of IPSAS Accrual Basis Implementation in Nigeria: Issues and Prospects.”
Ayine said it had been observed that the internal auditors had not been complying with the accounting standard.
He said non-compliance hindered accountants from sending their reports to the AuGF and the AGF in the required format.
“Maybe they have been sending to the AGF, but for the AuGF, most internal auditors are not complying with this requirement.
“Very soon a circular from our office will go out and we are going to enforce compliance with this requirement because internal auditors have a very critical role to play in the accountability process,” said Ayine.
According to him, the hallmark of IPSAS is transparency and disclosure.
Ayine said it was observed in the 2016 review that it was not enough for figures to be on a financial statement but there should be adequate disclosures to add meaning to the figures.
He advised participants to take the opportunity seriously, adding that they would be better for it and Nigeria would be in a position to compete favourably globally.
The AGF, Mr Ahmed Idris, in his address, said while many showed great concern on government’s ability to implement IPSAS Accrual Basis, some doubted it, while others thought it was impossible.
Idris, who was represented by the Director, Revenue and Investment, Dr Bakari Wadinga, said the implementation was made possible by leveraging on the provision for first time users to make it easier.
He said the Federation Accounts Allocation (FAAC) Sub-Committee on IPSAS implementation in Nigeria had provided a roadmap for IPSAS implementation in the three tiers of government.
Idris said the transiting to IPSAS required a lot of capacity building and commitment by process owners, as there were deficiencies in the first year of implementation.
“The present administration has demonstrated continuous commitment to sustainable policy implementation by providing the needed support and resources for Nigeria to adopt global best practice in financial management.
“This retreat seeks to address practical implementation issues and chart the way forward,” Idris noted.
The Tide source reports that IPSAS is a global accounting standard issued by the International Public Sector Accounting Standards Board (IPSASB) for application by public sector entities in the preparation of financial statements.

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NPA Assures On Staff Welfare 

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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