MDA

Regional Centre for International Commercial Arbitration

Project Location/State

N/A State

Award Year

2018

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦0.00

Context/Observation

It was observed that the books of account of the Centre such as the cash book, asset register, and vote book, etc. were not properly maintained by the accounts department in line with the provision of the extant laws and regulations. This anomaly was due to the failure of the Executive Director/CEO to strictly comply with the provisions of extant laws especially as it relates to the maintenance of accounting records, which is very crucial to accountability and transparency in government financial transactions.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Executive Director/CEO is required to provide all necessary books of accounts prepared in the appropriate accounting format and present to the Public Accounts Committee of the National Assembly. Sanctions in line with the provisions of section Financial Regulation 3122 and 3123 should apply.

Executive Action

N/A

Progress Report

N/A

Data Source

2018 Audit Report

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