The verification of ₦1.36 billion worth of capital spending by the National Assembly was unsuccessful as auditors were reportedly denied access to financial records, an audit report has revealed.
The said unaudited amount was found in the account of the Senate.
This is contained in the Auditor-General’s annual report of the accounts of the Federation of Nigeria for 2017. The report was transmitted to the Clerk of the National Assembly in July, and was signed by the nation’s Auditor-General, Anthony Ayine.
The report says the implication of this unaudited amount is that public funds may be diverted for unappropriated purposes and value for money not ascertained from these expenditures.
“Management response of the store being under renovation at the time of audit is not…