House of Reps laments WAEC FRAUD [billions of Naira]

THE House of Representatives Committee on Public Accounts, weekend, accused the West African Examination Council, WAEC, over misapplication of several billions of naira.
The council, which receives annual budget worth several billions of naira, failed to remit its revenue generated to Federal Government since inception as provided by extant laws.
The committee also alleged that the council failed to provide update of its audited accounts to the Auditor-General of the Federation and relevant committees of the National Assembly.

To this end, the House Committee resolved to investigate the financial status, assets and expenditure of the council to ensure accountability and transparency in the management of public funds.
Solomon Adeola, chairman, House Committee on Public Account, who presided over the investigative public hearing, expressed displeasure over the failure of some of the 262 Ministries, Departments and Agencies, MDAs, to provide their audited accounts to the office of the Auditor-General of the Federation from inception.

Adeola said: “The attitudinal behaviour you, WAEC, have exhibited over the years does not portray the kind of institution Nigerians expect of WAEC. Is it the monumental fraud, or lack of records, or financial Improprieties that have taken place in the institution?
“I was not taken aback when I found your name on that list (of Auditor-General). I was not surprised. It is expected.
“Sir, if you know the amount of fraud accruing to WAEC day in, day out; year in, year out and all that WAEC can tell Nigerians is that they only submitted their audited account up to 2010? And as a result of our insistence that made them rush down with 2011 and 2012 while 2013 is still awaiting the signature of the Council.

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