Audit observed that two payments were made to a staff through PV. No.03660 of 28th June 2013 for N10,000,000.00 and PV. No.03666 of 2nd July, 2013 for N1,950,000.00 as honorarium and logistics for NSITF’s participation in the joint public hearing on a Bill for an Act to Repeal the Pension Reform Act, (Act No.2), 2004 and Enact the Pension Reform Act, 2013.
(a)These payments had the following breakdown:
N Passage for NSITF Invited Speaker 450,000.00
Honorarium for NSITF Invited Speakers – 3 Speakers 1,050,000.00
Logistics (production of copies of presenter’s papers for NASS) 450,000.00
Contingency 10,000,000.00
Total 11,950,000.00
Examination of the payment vouchers revealed the following:
(a) The Staff in question could not account for the sum of N10,000,000.00 paid as contingency.
(b) Concrete evidence of disbursing a sum of N1,950,000.00 to the three (3) invited speakers as honorarium, passage, and logistics for the production of copies of presenter’s papers for NASS were not provided to the audit team for examination.
The Managing Director is required to recover the irregular contingency payment of N10,000,000.00 and account for the sum of N1,950,000.00 paid as honorarium and other logistics without evidence following which evidence of recovery should be forwarded for audit verification. Sanctions within FR 3106 and 3129 should apply.
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