Senate asked Finance Board for n258m out-of-court expenses

Senate asked Finance Board for n258m out-of-court expenses – The Senate has commenced a probe into an alleged spending of N258m by the Financial Reporting Council on Nigeria as personnel cost in its 2017 budget without the approval of the National Assembly.

The Senate Public Accounts Committee based its decision to probe the FRC on a query from the Office of the Auditor General for the Federation as contained in the 2015 to 2018 AuGF report currently being scrutinised by both chambers of the federal legislature.

The AuGF query read in part, “We observed from our audit, that the council incurred the sum of N339,834,586.00 as against N81,245,107.00 contained in the 2017 approved budget.

“This resulted in an extra-budgetary expenditure of N258,589,479.00 on personnel cost.

“This non-compliance with the Appropriation Act was due to the failure of the executive secretary to seek approval for supplementary budget from the appropriate authorities, that is, through the Ministry of Finance and National Assembly.”

However, the Executive Secretary of FRC, Daniel Asapokhai, said the extra money spent was to augment the agency’s personnel cost for the fiscal year.

He said, “For the year 2017, the sum of N81m was appropriated as government subvention for personnel cost for the council.

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– The amount in question was intended to increase the Council of expenditure for the financial year under review for staff,:

“The council normally draws up its budget at the beginning of each year, detailing internal revenue and government sub-programmes. This is normally sent for approval before an entry.

“The board has an approved salary structure that pays for games .

“The amount indicated by the auditors as an excess of unapproved expenses was the salary of IGR-funded staff in the approved budget:”

However, Senator Matthew Urheid, Chairman of the Senate Committee, asked the FFC executive secretary to submit National Assembly approval for n258m extra-budgetary spending:

The Executive Secretary promised to send a document supporting the costs to the committee’s Secretariat .

Urhogheid complained of unstoppable cases of extra-budgetary spending by Federal agencies and promised that his committee would ensure the practice was tested:

He said, ” Come on, let’s get the hell out of here so the Buddha Bud Bud’s extra budget excise duty can go under. This is a case of the Constitution that when an institution provestiesit higher costs, we should be in the Assembly.

“Many of the IMF may not triple the approval of an additional trochka himself trebao circle of this,” he says, Urheid.

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