• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Audit Defaulters To Get 5-year Jail Term As NASS Passes Bill

by Sunday Isuwa
2 years ago
in Cover Stories
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

Defaulters of account auditing in Nigeria are to get five-year jail terms.

This is coming just as the National Assembly has passed a bill prescribing a five year jail term for any accounting officer who prevents the Office of the Auditor General of the Federation from accessing their account books.

The Senate concurred with the House of Representatives which had earlier passed the proposed legislation.

Senate Leader, Ibrahim Gobir, led the debate for the concurrence which the red chamber approved after dissolving to the committee of the whole.

RELATED

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

6 hours ago
NCAA Grounds Rano Air After Engine Failure

NCAA Grounds Rano Air After Engine Failure

6 hours ago

The chairman, Senate Public Accounts Committee, Senator Matthew Urhoghide, told journalists that

The Bill was passed in the 8th Senate. It seeks to strengthen the office of the Auditor General for the Federation.

The Office is supposed to check systemic corruption in Nigeria by checking all expenditure of the ministries, department and agencies of government as provided for by Section 85 of the Constitution.

The Office of the Auditor General for the Federation is independent of the executive arm of government. He relates directly with the National Assembly.

The Second aspect of the bill is the establishment of the Federal Audit Commission to be able to recruit the proper staff, discipline and promotion.

Audit is a very peculiar department but right now, we have those who did not study accounting being employed and working in the Audit House probably for political reasons.

The Commission will be responsible for the recruitment of proper staff that would be able to audit the accounts of the over 797 federal agencies.

The Country needs a proper workforce to be able to do that.

The office of the Auditor General for the Federation was having over 3000 workforce but had reduced to 1200 staff now.

The bill was passed by the 8th National Assembly, President Muhammadu Buhari did not assent to it. Some people in the executive advised him wrongly against it. His action was at cross purpose with the President who campaigned on the mantra of anti-corruption. We believed that he was not properly briefed, hence he withhold assent then.

The 9th Assembly believes that one of the legacies we must leave behind is to pass the Federal Audit Service Bill which will check corruption before it is carried out.

The anti-graft agencies had practically taken over the job of the Auditor General for the Federation.

The Forensic Audit that was set up for the Niger Delta Development Commission was a violation of the constitution. It the work of the Auditor General for the Federation.

The first time we had audit ordinance was in 1956. We have now changed a law that has been in place for over 60 years.

More powers have been given to the office of the Auditor General for the Federation.

The least penalty that we have now in the bill for an individual is five year imprisonment or a fine of five million or both.

Or both. The House of Representatives passed N500,000 or two years imprisonment but we rejected it. This is because the penalty must serve the purpose and as a good deterrent. So, the penalty has to be severe.

For corporate agencies that refused to audit their accounts for years, their fine is N20m, the house recommended N10m but we disagreed.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Police Commission Promotes Mba, 23 Others As AIGs, 33 CPs

Next Post

Afenifere In Disarray As Fasoranti Counters Suspension Of 2 Officials

Sunday Isuwa

Sunday Isuwa

Sunday Isuwa is an award winning journalist with over 15 years of experience. Currently at LEADERSHIP Media Group, he has published thousands of articles that have helped in shaping Democracy, Good Governance in Nigeria, Africa and the world at large. His Twitter handle is @IsuwaSunday 

You May Like

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027
Cover Stories

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2025/07/01
NCAA Grounds Rano Air After Engine Failure
Cover Stories

NCAA Grounds Rano Air After Engine Failure

2025/07/01
When 2015 Returns In 2023
Cover Stories

2027: Coalition Woos Ex-President Jonathan

2025/07/01
Ganduje: Kwankwaso’s Supporters Plot Next Move
Cover Stories

Ganduje: Kwankwaso’s Supporters Plot Next Move

2025/06/30
Eid-El-Fitr: PDP Seeks Continuous Prayers For National Growth
Cover Stories

Ahead Of NEC Meeting, PDP Rift Over Anyanwu’s Return Deepens

2025/06/30
DMO To Raise N459bn In Bonds
Cover Stories

N149.39tn Debt: Sustainability Risks Loom As States’ Liability Surges

2025/06/30
Leadership Conference advertisement

LATEST

Gov Aliyu Unveils Water Project

FUTA, JAMB At Odds Over Students’ Status After 6 Years Of Study

Nigeria Is In Our DNA, Says Lucian PM

ECS: NSITF Compensates 2 Beneficiaries With N23m

DSP Barau, Ganduje, Others Arrive Madina For Dantata’s Burial

IDP’s Corpse Exhumed, Burnt To Ashes In Taraba

Sultan, Ihejirika To Grace NDA’s Course 18 Golden Anniversary

Wamakko Sponsors Free Eye Care For 5,000

Bauchi Man Jailed 1 Year For Stealing Water

Group Applauds Faleke For Fighting Insecurity In Kogi

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.