A recent review of the 2019 Auditor General’s report by Dataphyte reveals that there was an unexplained net change of N668.162 billion in reserves of the consolidated statement of changes in net ...
Read moreThe Federal Government (FG) lost at least N8.09 billion in revenue to Ministries, Agencies, and Departments (MDAs) inefficiencies. The FG lost this amount because the MDAs either outrightly failed to deduct taxes ...
Read moreThe 2019 audit report, has revealed the Accountant General of the Federation’s failure to comply with extant regulations on approval of the federal government’s consolidated financial statement. The report reveals that the ...
Read moreA Dataphyte review of the 2019 audit report has revealed that the Ministry of Agriculture and Rural development shortchanged the country in amounts running into several millions of naira. For instance, the ...
Read moreThe Federal Government failed to comply with the provisions of the Fiscal Responsibility Act (FRA), 2007 and International Public Sector Accounting Standards (IPSAS) with respect to the submission of its Consolidated Financial ...
Read moreThe details of the 2019 audit report cast a big doubt on the commitment of Africa’s most populous nation to fighting corruption and ensuring proper use of government funds. A Dataphyte review ...
Read moreEmeka returned home after a long day at the office and asked his wife, Aisha for the N20,000 he kept in the cabinet. In response, Aisha told him she had given it ...
Read moreThe 2019 audit report has revealed that the Central Bank of Nigeria recorded zero naira (nil) as recovered funds between 2016 and 2019. The report revealed that no amount was stated by ...
Read moreThe Nigerian National Petroleum Corporation (NNPC) has failed to account for 104.48 million barrels of domestic crude oil it lifted in 2019. In the year under review, NNPC lifted a total of ...
Read moreSeven Area Commands of the Nigerian Customs Services reported zero revenue despite being mandated to collect Common External Tariff (CET) levies and fees. In his routine scrutiny of accounts, the Auditor-General observed ...
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