Public organizations assessed include; National Identity Management Commission (NIMC) which could not account for ₦2.7bn, Nigerian Electricity Liability Management Company (NELMCO) with ₦1.7bn uncounted for, Nigeria Ports Authority (NPA) which was unable to account for ₦73.8bn, Nigerian Maritime Administration and Safety Agency (NIMASA) with a total of ₦19.6bn unaccounted funds, Niger Delta Basin Development Authority (NDBDA) which could also not account for ₦165.2m, National Gallery of Arts Abuja with ₦35.1m unaccounted for, Ministry of Petroleum Resources which may have also mismanaged ₦960.7m, Federal Ministry of Youth and Sports Development (Youth Sector) with a total of ₦48.9m unaccounted for and National Sports Commission which may have equally mismanaged the sum of ₦958.5m.
Our organization discovered in its analysis of these MDAs financial related activities in the audit report under review cases of disregards for established financial regulations and procurement act 2007. Some auditees refused presenting documents such as contract award letter, advanced payment guarantee (APG), store receipt voucher (SRV), bill of lading and several other supporting documents for audit verification.
PLSI hereby recommend that oversight institutions especially the National Assembly should ensure detailed and speedy consideration of the Auditor-General’s 2015 report and make recommendations that will not only correct the anomalies highlighted but also prevent such from happening again. We equally ratify that the Executive arm of government through relevant agencies should act swiftly on these recommendations as soon as it is passed on to it by the National Assembly.