Lagos State House of Assembly has commenced deliberation, probe and consideration of the 2022 Auditor-General’s Report on Ministries, Departments and Agencies (MDAs) in the state.
The chairman of the Public Accounts Committee (State), Hon. Kehinde Olaide Joseph, who made this known yesterday, said the exercise was to ensure that the committee’s statutory oversight is used as an antidote to financial recklessness by the MDAs.
Joseph added that the consideration of the report is in consonance with the need for improved efficiency and best practices in the pursuit of the statutory objectives of the Public Accounts Committee (State).
According to him, the Assembly is poised to commence deliberations and considerations of the audited report of the State Auditor-General on the Accounts of the Lagos State Government for the year ended 2022, having been committed to the committee for proper deliberations.
“This exercise will cover the period from 1st January to 31st December 2022 as well as the economic activities of all the Ministries, Departments, and Agencies of government in all sectors of the State Government. The committee will be inviting all heads of indicted MDAs for clarifications regarding the queries raised in the Auditor-General’s Report to enhance service delivery.
“The exercise will also ascertain the completion, accuracy, and reliability of the financial transactions within the sectors and confirm the level of compliance with financial regulations, relevant legislations, and accounting standards as well as reflect on each sector’s financial performance and position.
“In addition, the committee would confirm the revenue and budget performances of all MDAs, capital expenditure, reconciliation of the financial records with the Oracle system of the MDAs, and ascertain the project management and control systems of MDAs in Lagos State,” he said.
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