5 October 2017

Nigeria: Delta Probes Paris Debt Refund Spending

Governor Ifeanyi Okowa of Delta State on Thursday directed the Auditor-General of the state to constitute a panel to audit the usage of the state's share of the Paris Club refund.

Mr. Okowa gave the directive in Asaba while declaring open a two-day Annual Audit Forum for Stakeholders organised by the state in conjunction with the State Employment and Expenditure for Results (SEEFOR) project.

The governor, represented by the Commissioner for Finance, David Edevbie, said the audit was necessary to ensure accountability and transparency.

He described the theme of the workshop, "Emerging Trends in Transparent and Accountable Conduct of Government Business: The Imperative of Accurate Book Keeping," as timely.

He urged auditors in the state to examine the challenges of public financial management, particularly as it related to their roles.

Mr. Okowa charged them to remain committed to the tenets of their profession and be "goalkeepers" who must not be persuaded or induced to indulge in inexplicable practices.

"Owing to the national economic recession, government at all levels is facing a severe financial challenge which calls for discipline, efficient planning and prudent management of public finances," he said.

"This workshop will help in providing realistic solution for proper book keeping and financial management especially in the public sector.

"There is no doubt that the financial management system in the country is weak because of the existence of certain enchants which create a variety of loopholes for inappropriate practices.

"As a state, we see public sector financial management as an essential part of good governance which has helped in the elimination of wastage as well as blocking of leakages.

"We have also ensured that public expenditure is kept within revenue limit, placing emphasis on judicious spending as well as reducing costs."

Earlier, the auditor-general, Chukwudi Amudo, commended the governor for his support for the growth of the audit institution in the state.

Mr. Amudo said that the workshop, the second in the series, was aimed at building upon the maiden one.

"This second edition of the workshop seeks to provide platform for discussing the emerging trend in transparent and accountable conduct of government business," he said.

(NAN)

Nigeria

Nigerians Are Impatient for Dividend of Democracy, Says Buhari

President Muhammadu Buhari has regretted the situation Nigerians have found themselves in their impatience for dividend… Read more »

Copyright © 2017 Premium Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.