The Auditor-General of Lagos State in 2019 report, found out that the state government made a number of unapproved payments in 2019, totaling over N20 billion. These payments were not supported by the necessary documentation and may have violated the state’s Public Procurement Law.
Missing funds: The Auditor-General also found that over N10 billion could not be accounted for in the state’s 2019 financial statements. This suggests that the funds may have been misused or stolen.
Weak internal controls: The Auditor-General found that the Lagos State Government has weak internal controls in place, which makes it difficult to prevent and detect fraud.
The Auditor-General made a number of recommendations to the Lagos State Government, including:
Implement proper procurement procedures: The Lagos State Government should implement proper procurement procedures to ensure that all payments are approved and supported by the necessary documentation.
Strengthen internal controls: The Lagos State Government should strengthen its internal controls to prevent and detect fraud.
Account for all missing funds: The Lagos State Government should account for all missing funds and take appropriate disciplinary action against any individuals responsible for misuse or theft.
The Lagos State Government has responded to the Auditor-General’s findings by stating that it is committed to implementing the Auditor-General’s recommendations. The government has also stated that it is taking steps to strengthen its internal controls and improve its financial management practices.
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