The senate public accounts committee (SPAC) has queried the accountant-general of the federation, Ahmed Idris, over failure to disclose details of N57.6billion federal government’s grant to beneficiaries.
The federal government had in 2017 released N57.6billion to be distributed as grants to state governments, private companies, government-owned companies, and contributions to international organisations, among others.
The senate committee’s query is based on a 2017 report of office of auditor-general of the federation.
The query reads, “Examination of Note 14 (Grants and Contributions), as well as the Statement of Financial Performance revealed the following
“The budgetary provision for grants and contribution was not disclosed in the
notes to the accounts. This contravenes the provisions of IPSAS 24 (Presentation of Budget Information in Financial Statements).
“The sum of ₦57,624,929,461.05 (Fifty-seven billion, six hundred and twenty-
four million, nine hundred and twenty-nine thousand, four hundred and sixty-
one naira, five kobo) was granted by the Federal Government of Nigeria as
grants and contribution which represent transfers to domestic and foreign
governments, public and private owned companies, academic institutions
and internationals for 2017 The breakdown and details of grants and
contributions were not presented for audit.
“Non-disclosure of details of federal government grants and contributions
will cast doubt on the authenticity and actual usage of such grants and contributions.
“The incomplete disclosure of budgeted figures may result in extra-budgetary
“The accountant-general was requested to disclose beneficiaries of grants and
contributions for the year 2017. In his response, the accountant-general stated that the list of beneficiaries of grants and contributions in the period under audit would be made available on Monday 18th March, 2019 but no list or details was received as at the time of this report.
“The accountant-general is required to disclose the budget and beneficiaries of grants and contributions for the year 2017,” the senate panel said.
Meanwhile, the representative of the accountant-general of the federation, Segun Fehintola, however, failed to present any document before the senate committee showing the beneficiaries of the N57.6 billion two years after he had promised to make it available.
He promised the committee that the details would be made available at the next sitting of the committee which this week.
Angered by the response of the accountant-general of the federation, the chairman of the committee, Senator Mathew Uroghide, stated that the observation of the auditor general was genuine and the query must be sustained, insisting that details of the beneficiaries of the grants must be presented to the panel at the next sitting.
According to him, “We must sustain this query because the observation was genuine and you must bring the details of beneficiaries of the grants to committee for vetting at the next public hearing.”