The Lagos State House of Assembly has begun the review, investigation, and consideration of the 2022 Auditor General’s Report for the Ministries, Departments, and Agencies (MDAs) within the state.
Hon. Kehinde Olaide Joseph, the Chairman of the Public Accounts Committee (State), explained that this endeavor is intended to ensure that the committee’s mandated oversight serves as a safeguard against financial irresponsibility among the MDAs in the state.
During a session held at the Assembly complex on Monday, Joseph emphasized that this review aligns with the pursuit of enhanced efficiency and best practices in line with the statutory objectives of the Public Accounts Committee (State).
He stated, “The Assembly is committed to the commencement of discussions and assessments of the audited report of the State Auditor-General on the accounts of the Lagos State Government for the fiscal year ending in 2022. This exercise will encompass the period from January 1st to December 31st, 2022, and will cover the financial activities of all government Ministries, Departments, and Agencies across various sectors. The committee will extend invitations to the heads of MDAs that have been flagged in the Auditor-General’s Report to seek clarifications on the issues raised, aiming to enhance service delivery.”
Joseph also highlighted that this review will evaluate the accuracy and reliability of financial transactions in the different sectors and confirm their compliance with financial regulations, relevant laws, and accounting standards. Additionally, it will assess the financial performance and standing of each sector and verify the revenue and budget performance of all MDAs. The review will also scrutinize the reconciliation of financial records with the Oracle system used by the MDAs and examine the project management and control systems within the Lagos State MDAs.
Joseph acknowledged the substantial responsibility that lies ahead for the committee, stressing that the exercise is crucial for the progress of the state and the promotion of accountability. He reminded those involved of the high expectations from the public, given the state’s reputation as a model of transparency and accountability in governance among other states in the country.
The committee chairman expressed confidence that the findings and recommendations resulting from this exercise will be compiled and presented to the House for deliberation. He emphasized that the outcomes will contribute to the effective management of resources in the state.