Audit observed that a residential building was purchased for use by the Institute’s newly employed Director, with the following issues noted:
i. The original payment voucher for this expenditure was not presented for audit examination (a photocopy was seen).
ii. There was no evidence that budgetary provision for the acquisition of a residential building was provided for in the Appropriation Act for the year 2018
iii. Acquisition of a residential building runs contrary to Public Policy on Monetization of the Federal Government of Nigeria.
iv. The institute could not produce valuations and approvals obtained from the Federal Ministry of Power, Works and Housing certifying the acquisition of the building as required by the provisions of extant laws.
The Director-General is required to provide the authority to incur extra budgetary expenditure not approved by the National Assembly and approval issued by the Ministry of Power, Works and Housing in respect of valuations for the property purchased, failing which sanctions in line with FR 3106 should apply.
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