Non-Submission Of Audited Financial Statements (2016 & 2017)

Posted on
by OLUDOLAPO TUBI
  • Project Status: N/A

MDA

Nigerian Hydrological Service Agency, Abuja

Project Location/State

N/A State

Award Year

2018

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦0.00

Context/Observation

Audit observed that, the Agency’s Audited Financial Statements and Management reports for years 2016 and 2017 were not submitted to the Office of the Auditor-General for the Federation for comments.The Implication of Non-submission of Financial statements signifies lack of accountability on the part of the management and in the use of Government funds.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Director General is required to justify the lateness in submission and immediately submit the Audited Accounts for 2016 to date and the corresponding Management Letters/Reports in line with provision of the law. These submissions should be made to the Public Accounts Committee of the National Assembly and to the Auditor-General for the Federation. Sanctions in line with FR 3129 should apply

Executive Action

N/A

Progress Report

N/A

Data Source

2018 Audit Report

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