A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares. The presiding judge, Justice Mohammed Aikawa on Thursday struck out... Read More

audit, coirt, oando, SEC, shares

November 22, 2017

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Buhari inaugurates committee to audit recovered loot

President Muhammadu Buhari on Wednesday inaugurated the Audit Committee on recoveries of assets by government agencies. Members of the committee include Mr. Olufemi Lijadu, Mrs. Gloria Chinyere Bibigha and Mr. Mohammed Nami. The committee is to submit its report in four weeks. The committee is to audit all recovered accounts to April 10, 2017. While inaugurating... Read More

The News Blog

audit, Committee, inaugurates, President Mhammadu Bhari, Recovered Loot

August 17, 2017

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TSA account has not been audited since its operation – AGF

The Auditor-General of the Federation, Anthony Ayine on Wednesday told the House of Representatives that the Treasury Single Account policy has not been audited two years after it came into operation. Ayine had appeared before an ad hoc committee of the House, which is investigating the operations of the TSA since it was inaugurated in 2015.... Read More

The News Blog

AGF, Anthony Ayine, audit, operation, TSA account

July 24, 2017

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NHIS: Reps give HMOs deadline to submit N351bn audit

The House of Representatives has given Health Maintenance Organisations up to Wednesday to submit audited accounts on how the N351bn spent on the National Health Insurance Scheme (NHIS) since 2005 was utilised. Chairman of the House committee on health, Chike Okafor on Sunday said 35 of the organisations had so far failed to comply with the... Read More

The News Blog

audit, HMOs, House of Reps, Isaac Adewole, N351bn, nhis, Prof. Yusuf Usman, Suspension

March 18, 2017

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Probe spending of Paris Club refund, NLC president tells FG

by Azeez Adeniyi President of the Nigeria Labour Congress, Ayuba Wabba, has urged the Federal Government to further take its anti-graft war to the state level. Wabba sais this while speaking on Friday during the 4th Quadrennial National Delegates Conference of the Maritime Workers Union of Nigeria in Uyo, Akwa Ibom State. He said many... Read More

The News Blog

anti-corruption, audit, Ayuba Wabba, Paris Club loan, spending, state level

March 7, 2017

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Reps orders audit of assets seized by EFCC

by Azeez Adeniyi The House of Representatives on Tuesday ordered an audit of all assets seized by the Economic and Financial Crimes Commission (EFCC). The House said the assets include those already forfeited to the Federal Government. It said the assets included cash, “moveable and immovable” items like cars and landed properties. It directed the... Read More

The News Blog

audit, EFCC, House of Reps, Seized assets

February 14, 2017

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New Arik Air management appoints KPMG to audit airline

The new management of Arik Air has appointed accounting firm KPMG to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true state of its finances. According to a statement by the new management of the carrier issued on Tuesday, the will among other objectives cover the position of... Read More

The News Blog

Airline, AMCON, arik air, audit, aviation industry, FG, KPMG

February 7, 2017

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Plateau sacks 579 workers

The Plateau government has removed 579 workers from its payroll. Disclosing this on Monday in Jos, during the state’s monthly briefing, the Commissioner for Information and Communication, Mr. Muhammad Nazif, said 478 of the employees were laid off for various offences. The remaining 101 who had stayed in service beyond their terminal dates, have been... Read More

The News Blog

579, audit, BVN, Muhammad Nazif, plateau, sack

January 10, 2017

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FG commences audit of states’ utilisation of bailout funds

The federal government has hired private accounting firms to commence audit on how 35 states utilised about N510 billion given to them to meet their financial obligations. A statement, by Salisu Danbatta, a director in the finance ministry, entitled, “FG commences independent monitoring of State finances”, the audit firms will “monitor and evaluate the implementation of the... Read More

The News Blog

audit, Bailout funds, Budget Support Facility, FG, Fiscal Sustainability Plan, Salisu Danbatta, states

March 16, 2016

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Unremitted N3.2trn: ‘Audit report is erroneous’ – NNPC

The Nigerian National Petroleum Corporation has reacted to the alleged N3.235 trillion that was not remitted to the federation account in 2014. In a statement released on Wednesday, March 16, by Isiaka Abdulrazaq, Group Executive Director and Chief Financial Officer of NNPC, it was revealed that the report of the Auditor-General of the federation (AuGF)... Read More

The News Blog

audit, forensic, Fuel, nnpc, Oil

March 15, 2016

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Massive fraud: N3.2trn unpaid into national treasury in 2014 [DETAILS]

According to the federal government, not less than N3.2 trillion was unremitted into the national treasury by various Ministries, Departments and Agencies of government as well as foreign missions in the 2014 fiscal year. This disclosure was made in the 2014 Annual Audit Report presented to the National Assembly on Monday by the Auditor General... Read More

Featured, The News Blog

audit, Bisi Komolafe, Federation Account, Goodluck Jonathan, national treasury, nnpc, report

February 4, 2016

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Bristow barred from using model of crashed helicopter

Following the crash-landing incident of Wednesday, the Nigerian Civil Aviation Authority (NCAA) has suspended the operation of Bristow Helicopters Limited’s Sikorsky S-76C++ aircraft type. The suspension is to enable the NCAA carry out a full scale audit on Bristow’s operations with particular emphasis on the Sikorsky S-76C++ type. This was disclosed by the Director General... Read More

The News Blog

audit, Bristow helicopters, Crash, NCAA, suspended

December 14, 2015

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Amaechi orders ‘immediate’ audit of NIMASA

The Minister of Transportation, Rotimi Amaechi, has ordered the immediate financial and staff audit of the Nigerian Maritime and Administration and Safety Agency (NIMASA). Amaechi instructed the Acting Director-General of NIMASA, Haruna Jauro, to forward details of contracts awarded by the agency for verification. The Minister gave the directive on Monday during his maiden tour of Lagos ports... Read More

The News Blog

Amaechi, audit, minister of transportation, NIMASA

October 16, 2014

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Pricewaterhouse to audit accounts of Nigerian Football Federation

by Mark Bassey The new Executive Committee of the Nigerian Football Federation has employed the services of interantionally renowned audit firm, Pricewaterhouse to audit the accounts of the Federation. The federation says the appointment was made because of its aim “to start on a clean slate and do things differently.” The decision to audit the account of the NFF was... Read More

Amaju Pinnick, audit, Ben & Co, executive committee, Financial Derivaties, football, Internal audit committee, Nigerian Football Federation, Pricewaterhouse Cooper

November 5, 2013

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Opinion: The NCAA and its double standards

by Edet Akpan But really, was the recent grounding of Dana Air operations due safety reasons? Wouldn’t this be the second time the airline is being grounded by the authorities for safety issues since recommencing flight operations this year? Civil aviation is one of the most regulated industries in the world. Every single technical... Read More

audit, aviaton, bassey akpan, Dana, NCAA, nigeria, operation

November 2, 2013

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‘Save us from this untold hardship’: 540 Dana Air employees write open letter to the NCAA

by ‘Jola Sotubo The recent suspension of the operations of Dana Airlines came as an unexpected development for many but moreso it has reportedly left the staff of the airline battling despair and dismay. The airline had its operations suspended pending an audit of its affairs by the Nigerian Civil Aviation Authority (NCAA). The staff... Read More

audit, aviation, DNA, NCAA, Staff, Tony Usidamen

August 1, 2013

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“Some finished school before they were born”: Massive irregulaties discovered in Edo teachers’ records

by Oge Okonkwo A massive falsification of age of primary school teachers in Edo state public schools has been revealed in an audit carried out by the state’s government. Governor of Edo state, Adams Oshiomhole, said that the audit was executed by the state’s Information and Communications Technology in which the results showed that 789 out... Read More

Adams Oshiomhole, age, audit, Edo, falsification, massive, primary school, Primary School Leaving Certificates, Teachers

October 24, 2012

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Freedom of misinformation: Who is sorry now?

by Bashorun JK Randle How strange that it was only in Zimboda (and probably in Nigeria) that all the banks are being audited by only four firms; and the same auditors audit the Regulators! According to a recently issued report by the Institute of Chartered Accountants in England and Wales, Financial Faculty, “A lack of... Read More

audit, banking, david cameron, Ed Milliband, FOI, Mark Hoban

June 18, 2012

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Conflict of interest? PDP to host INEC auditors with N13 million

by Stanley Azuakola We cannot know for sure how much is squirreled away in the coffers of the Peoples Democratic Party (PDP). One thing we do know is that the party’s National Auditor, Chief Bode Mustapha has submitted what seems to be a lavish budget of N13.1 million to host auditors from the Independent National Electoral Commission (INEC), who will look into... Read More

audit, Bamanga Tukur, Bode Mustapha, Habu Fari, INEC, Olagunsoye Oyinlola, PDP, portraits

Forensic Audit: Oando fails to stop SEC as court strikes out case

Buhari inaugurates committee to audit recovered loot

TSA account has not been audited since its operation – AGF

NHIS: Reps give HMOs deadline to submit N351bn audit

Probe spending of Paris Club refund, NLC president tells FG

Reps orders audit of assets seized by EFCC

New Arik Air management appoints KPMG to audit airline

Plateau sacks 579 workers

FG commences audit of states’ utilisation of bailout funds

Unremitted N3.2trn: ‘Audit report is erroneous’ – NNPC

Massive fraud: N3.2trn unpaid into national treasury in 2014 [DETAILS]

Bristow barred from using model of crashed helicopter

Amaechi orders ‘immediate’ audit of NIMASA

Pricewaterhouse to audit accounts of Nigerian Football Federation

Opinion: The NCAA and its double standards

‘Save us from this untold hardship’: 540 Dana Air employees write open letter to the NCAA

“Some finished school before they were born”: Massive irregulaties discovered in Edo teachers’ records

Freedom of misinformation: Who is sorry now?

Conflict of interest? PDP to host INEC auditors with N13 million

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