Buhari Calls For The Bank Account Balances Of All Federal Ministries And Agencies

President Muhammadu Buhari has called for the account balance of all federal ministries, departments, MDAs and agencies. 

The directive was contained in a circular (Ref No: TRY A4 & B4/2015 /OAGF/CAD/026/V .1/254) dated June 1, 2015, to all chief executives and accounting heads of the agencies.

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The circular was issued by the former Accountant-General of the Federation, Jonah Otunla, before he retired from service, last week.

It was titled “Urgent Request for Account Balances of Ministries, Departments, and Agencies, in the Central Bank and Deposit Banks, as at May 29, 2015”.

The circular also directed that accounts held in foreign banks must be included, and also accounts of the nation’s diplomatic missions.

There was also a warning that there would be consequences for any officer who failed to disclose any account or distort information. It warned that doctoring the accounts will amount to illegality.

It said in part, “To enable the Office of the Accountant-General of the Federation (OAGF) properly brief the new Administration, you are hereby requested to submit urgently, the list and balances of ALL accounts maintained and operated by your Ministry, Department or Agency (MDA) in CBN and DMBs as at 29th May, 2015 .Such accounts should include Offshore, Investment and Deposit Accounts.”

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Newspot reports that the agencies were directed to provide the information in both hard and soft copies.

According to the directive, the information to be provided included: the Account Name, Account Number, Balance as at May 29, 2015, Account Status ( Active or Dormant) and resignatories to the each account.

The submission of all bank accounts of the agencies would be the first step into the Buhari administration’s audit of the federal governments financial management.

The government is also planning to put in place stiff financial regulations which would make it difficult for the agencies and extra-ministerial departments to collect funds from the public in their service delivery.

READ ALSO: Buhari Admits That His Age Is To Limit His Performance

Meanwhile, there are indications that President Buhari, will bailout states currently owing backlog of workers salaries in order to help cushion the effects of the non-payment on the Nigerian economy.

The post Buhari Calls For The Bank Account Balances Of All Federal Ministries And Agencies appeared first on NAIJ.COM News – Nigeria news | Today's Breaking news & headlines..

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