Chairman, Public Accounts (PAC) Kingsley Chinda stated that his Committee is
partnering Chartered Institute of Public Finance and Accountancy -UK and
Periscope Consulting Limited, it’s Nigerian public financial management
Chinda, while receiving the delegation at the National Assembly on Thursday, regretted that the country is faced with challenges of corruption, weak structures and transparency. However, he stressed that the government is determined to put in sustained structures that can not be washed away too soon.
“That is the reason we try to make utilization of public funds a public
document through regular engagement of the Auditor General of the
Federation at our meetings. The House of Representatives has reiterated it’s readiness to curb wastages and other forms of corruption in the utilization and application of public funds.
“Together with Senate PAC, we looking at how to strengthen all State PACs
so that we can be on same page. “It is in view of this that we need to partner professional bodies on
training States PACs,” he said.
While noting that the House is committed to good governance, Chinda
disclosed that an European parliament would be visiting the Committee next
week to further collaborations on transparency in government.
Leader of delegation, John Matheson, President of the Chartered Institute
of Public Finance & Accounting, UK commended Nigerian government efforts at eliminating corruption in the country.
According to Matheson, curbing of corruption in accounting reporting which has been the focus of his Instirutute in its 30 years of existence is in tune with Nigerian government’s efforts against corruption.
A member of the delegation, Emmanuel Bola Samuel of Periscope Consulting
Ltd regretted that skill gap in finance administration in Ministries,
Departments and Agemcies (MDA) is regrettable.
He said: “What is we don’t seem to realise is that accounting has
tranformed from collation of figures to reporting which makes
accountability very critical.
“We are in Nigeria to seek partnership for that purpose. We are very impressed with what is going on in the country because the journey appears very committed to reduce corruption at federal level and
improving efficiency at State level,” Leader of the delegation, John Matheson added.
“Fighting corruption with robust finance management is now more expedient
but there must be a good reporting structure in the MDAs.”
Periscope’s Chief, Martins Olajide said the delegation was also at the
Office of the Accountant-General for the Federation (OAGF) ad well as the
Office of the Auditor-General for the Federation (OAGF).