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Only three of Nigeria’s 36 states and the Federal Capital Territory (FCT) scored ‘excellent’ in ICAN’s rating on states’ compliance with audit rules as of October 2023.
Only three of Nigeria’s 36 states and the FCT scored an “Excellent” in the Institute of Chartered Accountants of Nigeria rating system for states’ compliance with audit rules as of October 2023. It is the ICAN Accountability Index. Seven states scored good, while 26 states fetched only a “Fair” rating. The 1999 Nigerian Constitution mandates
ICAN Accountability Index: 21 States receive clean bill of audit compliance. The latest rating: "The ICAN Accountability Index" is as of Octo
Former president of Institute of Chartered Accountants of Nigeria (ICAN), Ismaila Muhammadu Zakari, has revealed that the Federal Government made a number of unapproved payments in 2019, totaling over N200 billion.
The CEO of CFG Advisory, Mr Tilewa Adebayo has revealed that the Federal Government disbursed more than N200 billion in unapproved payments in 2019.