Audit observed that Payment Voucher number 05611 dated 15/12/17 for N2,200,000.00 was raised in favour of a staff of the Trust Fund as cash advance in respect of invitation by the House of Representatives for Public Hearing on the investigation of the no remittance of NSTIF Contribution, on Monday December 18th, 2017.
The amount has the following breakdown:
₦
Publication 900,000
Correspondence(s) 500,000
Entertainment 450,000
Other logistics 350,000
However, it is believed that the payment was not necessary because the public hearing was organised and fully sponsored by the House of Representatives. The payment also was neither captured as cash advance nor retired in line with extant regulations. Therefore, the expenditure is considered to be unnecessary and could not be accepted as a proper charge against public fund.
The Managing Director is required to recover the sum of N2,200,000.00 cash irregularly removed and recovery details should be forwarded to the Public Accounts Committee of the
National Assembly as well as the Office of the Auditor-General for the Federation for verification. Sanctions within FR 3115 shouldapply.
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