Politics
AGF Submits 2019 Audit Report To NASS
The Auditor General of the Federation, Mr Adolphus Aghughu on Wednesday, submitted the 2019 Audit report to the Clerk to the National Assembly (CNA), Mr Ojo Amos.
The presentation ceremony was held at the National Assembly Complex, Abuja.
Aghughu said the audit was carried out on the 2019 Federal Government Consolidated Financial Statement, which included unsubstantiated balances amounting to N4.973 trillion.
He however, lamented that his office was incapacitated in so many ways from functioning effectively and efficiently as far as detection of mismanagement of public funds by the various Ministries, Departments and Agencies (MDAs) was concerned
“The N4.973 trillion unsubstantiated balances are above the materiality level of N89.34 billion set for the Audit.”
“In auditing, materiality means not just a quantified amount but the effect that amount will have in various contexts.
“During the auditing planning process, the auditor decides what the level of materiality will be taking into account the entirety of the financial statements to be audited.”
Aghughu said that auditing of consolidated financial statement of the Federal Government on yearly basis would be expeditiously carried out as made available by the office of the Accountant-General of the Federation .
“You will recall that on March 25, Audit of Consolidated Financial Statement of the Federal Government for the 2018 was submitted to this office for the required investigation of queries raised in it by the National Assembly .
“Just five months after, we are here again to make submission of the 2019 Audit Report,” he said.
He however, decried that his office was not working the way it should due to myriad of factors crippling its operations and invariably giving room for all forms of financial infractions across the various MDAs.
He said that the problem incapacitating optimal functionality of the office’s mandate as far as thorough and appropriate auditing of financial statements of the MDAs was concerned, was gross underfunding which was telling much on their efficiency .
“For example, the office is understaffed but there is no money for recruitment. Imagine many of our state offices having just two or three staff. Auditing is done by a team not by an individual.”
In his remarks, the Deputy Clerk to the National Assembly (DCNA), Mr Bala Yabani, who represented the CNA said the report presented would be submitted to both the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila for the required legislative consideration.
He said that all the complaints made by the AGF would be tabled before the leadership of the National Assembly for required actions and solutions
“ Your complaints are very germane. They will surely be conveyed to the appropriate quarters that will surely do the needful on them because the people heading the quarters have listening ears,” he said.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
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