AdvoKC Foundation Urges President Tinubu to Assent Federal Audit Service Bill
The AdvoKC Foundation has expressed concern over the continued delay in signing the Federal Audit Service Bill by President Bola Tinubu. The foundation, which advocates for transparency and accountability in governance, believes that the delay is hampering the effectiveness of Nigeria's supreme audit institution.
In a statement obtained by The PUNCH on Sunday, the foundation stated that the Federal Audit Service Bill is crucial for controlling the finances and administration of the institution. The organization emphasized that the bill aims to enhance the independence, efficiency, and effectiveness of the Federal Audit Institution (FAI) in Nigeria.
Importance of the Federal Audit Service Bill
The bill, if assented to by the President, would grant the FAI more control over its finances and administration, allowing it to carry out its mandate of promoting transparency, accountability, and good governance in Nigeria's public finances.
Concerns Raised by AdvoKC Foundation
The AdvoKC Foundation expressed its worry that the continued delay in signing the bill could lead to a situation where the FAI lacks control over its resources, resulting in compromised audit functions.
Speaking on the matter, AdvoKC Foundation's Executive Director, Mr. Johnson Okojie, stated, "We urge President Tinubu to sign the bill into law without further delay. The bill is crucial for the FAI's independence, efficiency, and effectiveness in ensuring transparency and accountability in Nigeria's public finances."
Background on Nigeria's Federal Audit Service
The Federal Audit Institution (FAI) is responsible for auditing government accounts, ensuring that public funds are used transparently and efficiently. The FAI plays a vital role in promoting good governance and preventing corruption in Nigeria's public sector.
The bill, if signed into law, would grant the FAI more control over its finances and administration, allowing it to effectively carry out its mandate.
<small>Source: Punch Nigeria — read the original story there.</small>