Audit observed that the sum of N84,184,110.00 was paid to a travel agent as air tickets in 2013 and 2014. The Fund failed to provide evidence of contractual agreement it had with the travel agent, despite the large sums involved. Also, copies of air tickets were not attached to the payment vouchers.
Audit further observed that statutory 10% withholding tax amounting to N8,418,411.00 was not deducted from the payment made to the travel agent.
The Managing Director is required to account for the sum of N84,184,110.00 paid to the travel agent. He is also required to provide evidence of contractual agreement with the travel agent, failing which the amount should be recovered and paid back to Treasury. Also, sanctions stated in FR 3106 and 3115 should APPLY.
N/A
N/A
Click to enlarge image
Seach for project by title, MDA, state, status, year…
Do you know of project(s) in your community that has been abandoned, not executed or poorly implemented. Our team is ready to help you track it and get government to act.
Value for Money allows you to track, report and act on audited development projects abandoned, not executed or poorly implemented in your community to ensure public funds are efficiently, effectively, and economically utilized to improve service delivery to you and other citizens in Nigeria
Stay in the loop, get all project updates straight in your inbox.
