The Senate has given an ultimatum to over 256 Federal Government’s agencies and parastatals to present reports of their audited accounts up to 2017 or have their 2018 budgets withheld.
The upper chamber of the National Assembly issued the ultimatum while considering the report by the Committee on Public Accounts on the ‘Status of Compliance of Parastatals’ Submission of Audited Accounts’ at the plenary on Wednesday.
The Senate decried that only about 10 per cent of the 491 bodies had presented reports of their audited reports to the Auditor-General of the Federation as required by Section 85(3) of the 1999 Constitution.
To be affected by the deadline are 256 bodies who have not filed their reports in over two years or never at all, while 235 are either up to date or have arrears of two years and below.
You must log in to post a comment.