Audit observed an under lodgment of N649,200.00 by the principal and bursar of the school. Also, the sum of N167,650.00 was over lodgment observed in the course of audit by the principal and bursar.
The principal and bursar were directed to account for the observed under lodgment failing which the amount should be recovered and evidence of recovery forwarded to the Auditor-General for verification. The principal and bursar should explain the source of the over lodgment as audit suspects that all sources or revenue were not disclosed to audit.
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