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Senate investigating 774 Federal Agencies’ financial records

Credible News by Credible News
April 12, 2024
in Economy, Legal, News
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Senate commences probe into 774 Federal Agencies' financial records
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The Senate has initiated an inquiry into the financial records of 774 federal agencies, prompted by concerns raised in the 2019 report of the Auditor General of the Federation.

Senator Aliyu Wadada, representing Nasarawa West on the platform of the Social Democratic Party, SDP and Chairman of the Senate Public Accounts Committee, SPAC, revealed this while addressing reporters in Keffi, Nasarawa State, on Friday.

He emphasized that the committee’s focus is not to target individuals but to ensure the diligent discharge of their responsibilities for the nation’s benefit.

Wadada also disclosed that the 10th National Assembly with the support of President Bola Tinubu and critical stakeholders in the nation’s economy would soon embark on the amendment to the 2007 Procurement Act to curb financial infractions before they take place.

READ  ALSO: President Tinubu, Obi, Lagos Speaker pay tribute to Ogbonnaya Onu, praise his integrity

The Senator appealed to leaders at all tiers and heads of government institutions at the federal, state and local government levels to embrace self-discipline and fear of God in the discharge of their responsibilities.

Wadada said: “We have since started work on the 2019 Auditor General’s report before us. Under my chairmanship of this sensitive and strategic committee, I have repeatedly said it that we are not out to witch-hunt or pull down anybody.

“Our ultimate objective vis-a-vis the primary focus of the committee is to ensure transparency and accountability in the management of public funds.”

 

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Tags: 2019 report774 Federal AgenciesCredible Newsfinancial recordsSDPSenateSenate Public Accounts CommitteeSocial Democratic Party
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