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Kano Assembly House of committee on public accounts has successfully presented its report of 44 local Governments councils for the financial year ended 31st December,2016.
Based on the report of the Auditor General the investment portfolio of the local Government councils has not been properly managed for various reasons such as lack of proper records in terms of share certificates and returns on investments. The investment of #1,815,658,637.04 represents only the face value as there was no evidence of return on investment.
In a press statement signed and issued to Newsmen by Chief Press Secretary to Rt Hon Speaker kamaluddeen Sani Shawai on 7/5/2024, The chairman of the house committee on public accounts Hon Tukur Muhammad representing Fagge constituency said following the careful examination of Auditor General report, responses forwarded by the local Government officials, the committee therefore came up with strong recommendations as fallows.
1. That maintenance and proper documentation of all financial transactions requires strict compliance with applicable laws and regulations through due process.each local Governments are expected to close all government books of accounts and open new ones as at the first Day of every new year.
I. The local Government executives should ensure compliance with local councils genuine observations, recommendations and resolutions.
ii. Internal Auditors should prepare for the Audit program to guide the council in performing their responsibilities in accordance with the provision of the financial memoranda 40.2.
b.Conduct prepayment Audit before any payment is made to any voucher and the accompanying supporting documents.
C. Checking the records and maintenance of all the financial books of accounts.
2. The ministry of local Governments should initiate necessary machineries and process to graduate from the old system of heads and sub-Heads classification to the recognized codes of accounts classification in use by both the federal and state governments.
3. The ministry of finance being the custodian of the stabilization funds account should endeavor to periodically print out the statement of accounts of each local Government.
4. With limited resources and increasing public demands, the local Government should not depend solely on Federal Government grants but must hasten to find new ways to generate the needed local revenue to be able to provide the services that the public requires.
5. All local Governments that have no up to date records in respect of their investment must request the institutions they invested to furnish them with necessary information and report their findings to the committee for verification.
Furthermore, Hon Tukur Muhammad thank the Rt Hon Speaker for believing in their commitment and understanding while hoping that the report will be of great benefits to the honourable members in the tasks of establishing a solid foundation of transparency, probity, and accountability.
Meanwhile, the speaker of Kano State House of Assembly, Rt Hon Jibril Ismail Falgore salutes the outstanding commitment towards accomplishing the task by the committee members and promised to ensure to adopt the report for the total compliance of income and expenditure of public funds.