Tag: Auditor-General

AuGF uncovers N14bn tax fraud in over 30 MDAs under ex-President Buhari

Aminu Imam
AuGF uncovers N14bn tax fraud

A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies, (MDAs). The findings, disclosed in the Auditor-Generals annual report on ‘Non-Compliance and Internal Control Weaknesses’, highlight serious lapses in tax deductions, remittances, and compliance with financial regulations between 2020 and 2021. The report revealed that six MDAs were responsible for N129.34m in under-deduction of taxes. Paragraphs 234 and 235 of the Financial Regulations (2009) mandate accounting officers to ensure that all applicable taxes, such as Value-Added Tax…

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Audit Query: NPA to refund N40.13bn, $921.64m, 289,931.82m to FG

Aminu Imam

The Office of the Auditor-General of the Federation has indicted the Nigeria Ports Authority, (NPA), for failure to recover and remit N40.126 billion, $921.636 million and 289,931.82 to government treasury from various revenue sources in the 2019 financial fiscal year. This was contained in 13 audit queries for the NPA signed by the Auditor-General of the Federation, Adolphus Aghughu, and submitted to the National Assembly for further legislative action. The report disclosed that agreements signed between NPA and various terminal operators stated that: A fixed annual payment of a sum…

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Auditor-General’s office uncovers N48.426bn extra-budgetary spending by Federal Ministry of Agric.

Aminu Imam

The House of Representatives is set to investigate the Federal Ministry of Agriculture and Rural Development over extra-budgetary spending worth N48.426 billion, according to reports. The House on resumption from the Christmas and New Year recess expected to investigate the Ministry over the non-payment of eligible contractors despite the release of N98,961,267,652.50 in the 2018 Appropriation Act. The details were contained in the audit query issued by the Office of the Auditor-General of the Federation, (oAuGF), submitted to the House Committee on Public Accounts for further legislative action. Paragraph 2906…

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