SENATE TO SANCTION PARASTATALS

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Senate to sanction Parastatals that fail to submit audited accounts: The Chairman, Senate Public Account Committee, Senator Mathew Urhoghide stated this at the maiden press meeting with NASS Press Corps on 24th Oct 2017. He said that the Senate Public Account Committee under his watch shall ensure that all Government Parastatals comply with constitutional provisions on the submission of annual reports and audited accounts to the office of the Auditor General for the Federation promptly. Senator Urhoghide told the press that the committee had concluded plan to publish names of Agencies which are in violation of section (85) (3) of the constitution of the Federal Republic of Nigeria and where necessary push for withholding of budgetary appropriation. He declared that the Public Account Committee will emphatically pursue improved National revenue generation utilisation by pressingly strongly more than ever, for the passage of the Audit Bill to enhance the efficiency and effectiveness of the nations audit.

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