FG reveals N1.2bn extortion at FUTO, UNIABUJA

Government's review report has revealed inconsistencies of more than N1.2bn in the 2015, 2016 and 2017 accounts of the Federal University of Technology, Owerri, Imo State, and the University of Abuja.

This is contained 2017 report from the Office of the Auditor General of the Federation titled, 'Inspector General's Annual Report on the Accounts of the Federation of Nigeria 2017,' indicated that FUTO had more than N611m inconsistencies in its costs somewhere in the range of 2016 and 2017, while UNIABUJA had over N560m for 2015.

The report noticed that the bad habit chancellors of the colleges during the years under survey must be made to respond in due order regarding the cash unaccounted for.

FUTO

For FUTO, the report featured around 10 zones where there were budgetary infractions somewhere in the range of 2016 and 2017. These ran from "installments without raising installment vouchers put at N43,543,129; installment of unapproved remittances put at N244,325,021, and installment to contractual worker for occupations not done at N34,252,304."


The report somewhat read, "During the occasional checks directed at the Federal University of Technology, Owerri, for the period January 1, 2016 to December 31, 2017, coming up next were watched; installments without raising installment vouchers – N43,543,129.34. Installments totalling N43,543,129.34 were made without raising installment vouchers, disregarding Financial Regulation 601 which gives that installment vouchers must be raised before any installment is made.

Reaction from the college on the above issue neglected to address the issue.

"The suggestion is that the bad habit chancellor has been mentioned to represent the aggregate of N43,543,129. Likewise, sanctions expressed in monetary guideline 3106 ought to be forced on the bad habit chancellor.

"Likewise, installment of unapproved recompenses put at N244,325,021.26. It was seen from inspected installment vouchers that a sum of N244,325,021.26 was paid to staff as recompenses for energize cards, committee impetuses, security move, contract expansion stipends, and so on., from work force cost somewhere in the range of 2016 and 2017. Records passing on endorsement for such installments from the National Salaries, Incomes and Wages Commission couldn't be made accessible during the intermittent check."

UNIABUJA

For the University of Abuja, the report noticed that the organization had unaccounted installments put at N17,924,585; installment of unapproved stipends at N84,748,382, among different infractions.


The report included, "During the intermittent checks of the University of Abuja, for the 2015 monetary year, the accompanying perceptions were made.

One, unaccounted installments – N17, 924,585; 27 installment vouchers totalling N17,924,585 were paid to a staff of the college for printing administrations and employments. The sum ought to have been made direct to the University Bookshop or University Printing Press instead of individual record of the official.

" However, there was no record of use of the different sums gathered by the payee so as to discover straightforwardness, integrity and responsibility of the exchanges. Our proposal is that the bad habit chancellor is required to represent the total of 17,924,585 and forward proof to me for affirmation.

"Additionally, installment of unapproved remittances is put at N84,748,382. Besides, there is preoccupation of assets through invented contract which is put at N23,921,250."