a. Fixed Assets Register as one of the important aspects to measure the value of organizational performance were not maintained.
b. However, Contract Register with columns indicating Contract Sum, Periods of execution, stage of work, progress payments and balance were not maintained at the organizational level.
There is need to maintain Fixed Assets Register (FAR) at the Ministry’s level for the purpose of accrual accounting reporting as well as prevention of pilferages or loss.
Similarly, Contract Register must be established to avoid poor documentation of contract.
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.
