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Business News of Wednesday, 19 February 2020

Source: www.mynigeria.com

Senators fume as Accountant General fails to explain N2.9bn IPPIS funds

Accountant-General of the Federation, Ahmed Idris Accountant-General of the Federation, Ahmed Idris

The Accountant-General of the Federation, Ahmed Idris, will have more explanations for failing to attend the Senate Public Accounts Committee meeting on Tuesday.

His absence would have been of little concern if his team were able to give details of the Integrated Payroll and Personnel Information System, a move that got the Senators fuming.

IPPIS is an Information Communications Technology project initiated by the Federal Government of Nigeria to improve the effectiveness and efficiency of payroll administration for its Ministries, Departments and Agencies.

Representing him at the meeting was a director in his office, Adiro Emmanuel, who was unable to answer questions asked him by members of the Senate panel.

The senator expressed anger over the director’s inability to provide necessary documents pertaining to the IPPIS account put at N2.9bn.

The Chairman of the panel, Senator Mathew Urhoghide, adjourned the session and gave the Accountant General, two weeks to tidy his documents and make himself available to the panel.

The Senate panel had requested the documents to assist it in its current probe of the queries raised by the Auditor-General in his financial statement that indicted the Office of the Accountant General.

The Accountant General had told the Senate panel last week that the documents were available online and that his office could make them available on-demand.

But on Tuesday, his representative gave an excuse that the Office of the Accountant-General had requested the documents from the Central Bank of Nigeria.

The Accountant General was also unable to provide a satisfactory response to why Nigeria’s share of funds dropped drastically from N200bn to N165bn in 2015.

On the query concerning the N596bn Ecological Fund and why the fund was not invested to yield more money for Nigeria, the Accountant General’s explanation that it was against CBN policy to do so wasn’t satisfactory to the lawmakers.

The Permanent Secretary, Ecological Fund in the Office of the Secretary to the Federal Government, Habiba Lawal, explained that the fund in question did not belong to the Federal Government alone.

Punch