News
Reps Committee Reveals 60% of MDAs Fail to Comply with Financial Regulations
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2025/06/IMG-20250603-WA0031-955x600.jpg&description=Reps Committee Reveals 60% of MDAs Fail to Comply with Financial Regulations', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2025/06/IMG-20250603-WA0031-955x600.jpg&description=Reps Committee Reveals 60% of MDAs Fail to Comply with Financial Regulations', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The House of Representatives Committee on Public Accounts has raised concerns over widespread lapses in financial compliance across federal institutions, and noted that more than 60 percent of Ministries, Departments, and Agencies (MDAs) have not yet aligned to established financial management standards.
Speaking at a press briefing on the inaugural National Conference on Public Accounts and Fiscal Governance, the Committee Chairman, Rep. Bamidele Salam highlighted the persistence of several systemic issues, including unresolved public expenditures exceeding ₦250 billion, frequent unauthorized fund reallocations, and a yearly rise in audit observations.
Rep. Salam outlined additional challenges such as weak audit implementation cycles, significant financial inefficiencies within institutions, inconsistencies in public finance reporting, and minimal enforcement of statutory procedures across all tiers of government.
He emphasised that for Nigeria to fully harness the benefits of the current fiscal reform efforts led by the administration, it is essential to leverage the upcoming conference as a platform for inclusive dialogue and collaborative policy alignment among key stakeholders.
The Chairman said the four-day national summit is aimed at strengthening Nigeria’s public financial systems and institutional accountability frameworks.
According to him, President Bola Tinubu is expected to formally open the conference, which will also feature keynote addresses by Vice President Kashim Shettima and Edwin W. Harris Jr., Director General of the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).
Rep. Salam described the conference as a strategic initiative designed to enhance transparency, efficiency, and integrity in fiscal management.
The conference is organised by the Public Accounts Committee in collaboration with the House of Representatives, seeks to align Nigeria’s financial oversight mechanisms with international best practices while integrating the Renewed Hope Agenda into broader governance frameworks across the region.
He emphasised that while fiscal reforms have gained momentum under the current administration, entrenched structural barriers continue to affect performance and accountability outcomes.
He further noted that the conference is both timely and essential as Nigeria moves to deepen its commitment to reforms and responsible financial stewardship.
The event will also serve as a precursor to the Annual Conference of the West African Association of Public Accounts Committees (WAPAC), which Nigeria will host in 2025. According to Salam, this national gathering has been carefully designed to yield institutional value by focusing on capacity building, skill development, and modern audit techniques.
Participants, including public accounts committees, auditors, financial managers, and regulatory officers, will engage in hands-on sessions covering tools for effective oversight, performance audits, and policy implementation.
The forum will encourage dialogue among local and international stakeholders, promoting knowledge-sharing on reforms, digital tools in fiscal governance, and strategies to strengthen the enforcement of audit recommendations.
A major outcome of the conference will be the harmonization of existing laws and procedures to align practices at national and sub-national levels. This is aimed at improving consistency across public financial oversight bodies and enhancing their effectiveness.
Salam concluded by affirming the event’s objective of uniting key stakeholders behind a shared vision of transparency, efficient resource use, and long-term accountability in public finance.
News
Army arrests suspected kidnapper linked to Kaduna abduction
Troops of Operation ENDURING PEACE, OPEP, in collaboration with the Civilian Joint Task Force, CJTF, have arrested a suspected kidnapper linked to the abduction of a resident in Kauru Local Government Area of Kaduna State.
This was contained in a statement posted on X by the Nigerian Army.
The post identified the suspect as Buba Ali, 30, adding that he was arrested at about 12:45 pm on Sunday, August 9, at Binawa village in Kauru Local Government Area.
According to post, the suspect was arrested during a joint operation conducted by troops of Sector 7 OPEP and members of the CJTF.
It said the suspect was reportedly linked to the kidnapping of Alhaji Tasi, who was abducted in the village.
“Following his arrest, Ali was taken into custody and is currently being interrogated by security personnel.
“The ongoing investigation is focused on obtaining information that could lead to the identification and arrest of other members of the suspected kidnapping gang,” the Army said.
News
FFK fumes as Islamic scholar says those against Muslim-Muslim ticket should leave Nigeria
Nigerian ambassador to South Africa, Femi Fani-Kayode, has rejected claims by an Islamic scholar, Sheikh Yahaya Jingir, that Nigeria is a Muslim country.
In a viral video, Sheikh Jingir, who was preaching to Muslims at an event, said “if you don’t want to accept a Muslim-Muslim ticket, you should leave Nigeria because it belongs to us”.
The comment has continued to generate backlash online as Christians rejected the claim.
Reacting, Fani-kayode in a statement posted on his official X handle on Sunday night, said the cleric’s remark is unhelpful and untrue.
“Worse of all is the fact that it is highly provocative,” the former aviation minister said.
“Kindly take note that it is a very slippery and dangerous slope to take and is best avoided. Nigeria is NOT a Muslim country and neither is she a Christian country.
“She is a SECULAR and MULTI-RELIGIOUS state comprising BOTH Christians and Muslims in equal numbers and that is our strength,” FFK added.
He further stated that President Bola Tinubu’s Muslim/Muslim ticket for 2027 is gaining acceptance “only because of the calibre, ability, sincerity of purpose, character, utility and electoral strength of our Presidential and Vice Presidential candidates and their ability to deliver and not because they are Muslims”.
“One day we may have a Christian/Christian ticket too because with God all things are possible,” he added.
News
Osun Commissioner released on bail after Ilesa APC rally shooting
The Osun State Police Command has confirmed the release of the state Commissioner for Environment and Sanitation, Moyowa Adejoorin, who was arrested in connection with a shooting incident at an All Progressives Congress, APC, rally in Ilesa.
The incident occurred on Saturday and reportedly left four people injured, including a teenager identified as Tobi Ilesanmi.
The command’s spokesperson, DSP Abiodun Ojelabi, said Adejoorin was taken into custody after police officers arrived at the scene, secured the area and began collecting evidence.
According to Ojelabi, the commissioner’s vehicle was stopped at the location, where an Amotekun operative allegedly linked to the shooting was also found.
“Immediately the incident was reported, our personnel moved to the scene and cordoned off the area before some exhibits were recovered, which included expended cartridges and Amotekun personnel caps.
“Also, Mr Adejoorin was arrested at the scene and taken to the command for questioning as part of the investigation process,” Ojelabi said.
The development came amid heightened attention to the incident after a video circulated on social media on Sunday showing Adejoorin leaving the police command.
Confirming the development, Ojelabi told Vanguard that the commissioner had been released on bail but said he was still awaiting clarification on the status of the Amotekun operative who was arrested alongside him.
“It is true that the commissioner has been released on bail today, but I am yet to clear the situation with the Amotekun personnel arrested with him,” he said.
Police investigations into the circumstances surrounding the shooting are ongoing.
-
News10 hours agoWe’re aware of your coded meetings with Lulu-Briggs, 𝐏𝐢𝐝𝐨𝐦𝐬𝐨𝐧, CRP uncovers ex-MD of NDDC, Nunieh
-
News5 hours agoConfusion as Shekau’s son surfaces in Boko Haram ranks
-
Foreign9 hours agoIran demands war damages compensation for reopening Strait of Hormuz
-
News10 hours agoPolice neutralize suspected gang leader over murder of Imo monarch, recover arms
-
News10 hours agoZamfara PDP guber candidate, Gusau celebrates Umar Bature on his birthday, says he’s a visionary team player, bridge builder
-
News5 hours agoTroops waste kidnapper, rescue kidnapped farmer
-
News10 hours ago16 rescued, several feared trapped as residential building collapses in Kano
-
Sports9 hours agoWAFCON 2026: Super Falcons suffer shock defeat as Cameroon gets automatic ticket for World Cup

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login