NIMASA fails to render accounts for 4 years, says fiscal commission

The Fiscal Responsibility Commission (FRC) on Wednesday in Abuja accused the Nigeria Maritime and Safety Administration (NIMASA) of refusing to render its audited accounts for the last four years.
The accusation is contained in a report presented during a meeting of the commission, presided over by its chairman, Aliyu Yelwa.
The commission asked the Office of the Attorney-General of the Federation to conduct an investigation into the affairs of NIMASA.
The director-general of NIMASA was reportedly invited to the meeting but did not show up and no apology was tendered for his absence.
The report, presented by Sylvanus Mordi, Director of Policy and Standards at the commission, said NIMASA did not submit its audited financial statement from 2007-2010.
Mr. Mordi added that NIMASA ignored requests from the commission to submit its Medium Term Expenditure Framework (MTEF) for 2009-2011, 2010-2012, 2011-2013 and 2012-2015.
“This is a violation of the provisions of the Fiscal Responsibility Act 2007,’’ Mr. Mordi said.
“NIMASA, despite our letters and reminders since 2009, has not been able to prepare and publish its audited financial statement for 2007, 2008, 2009 and 2010.
“The information made available on this was that financial statements were being concluded and would be forwarded to us as soon as they were ready.
“The fact that the agency’s financial statement for the periods indicated already have not been prepared and published at when due, is a clear indication of non-compliance with the relevant provisions of the FRA, 2007, particularly section 23 (3) of the Act,” the report circulated to newsmen said.
In the report, the commission alleged that the only evidence of remittance of operating surplus of 1.99 million dollars was a receipt dated May 5, 2009 made available to the commission.
The director said till date there was no evidence for such payment in the accountant-general’s office and wondered where NIMASA paid the money into.
“The implication of this is that, NIMASA has not remitted operating surpluses for 2009, 2010, 2011 operating years.
“Section 22 (2) requires NIMASA to pay into the Consolidated Revenue Fund of the Federal Government not later than one month following the statutory deadline for publishing its account, 80 per cent of its operating surplus’’.
In a related development, the commission has summoned the Nigerian Shippers’ Council (NSC) to a meeting on Thursday over its increasing personnel costs.
According to a report prepared by the commission, NSC’s expenditure on newspapers and periodicals increased from N3.14 million in 2009 to N15.36 million in 2010.
In other rising personnel costs queried by the commission, NSC’s expenditure on office cleaning rose from N16.16 million in 2009 to N21.52 million in 2010.
The agency also increased travelling and hotel costs from N472.94 million in 2009 to N544.08 million in 2010.
The report further raised concerns over the council’s rising indebtedness to the Ministry of Finance.
The council’s debt increased from N678.05 million in 2009 to N724.28 million in 2010 and nature of indebtedness was not disclosed.
“Staff salary advances stood at N6.6 million throughout 2010, indicating that the staff (members) were not servicing the loan; debtors grew from N967.03 million,” the report said.
The commission also noted that the operating surplus of N621.13 million of the council paid in 2009 declined to N40.13 million in 2010.

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