Analysing Financial Accountability Trends at FMBN
By John Terhemen Ikyaave Nigeria’s Financial Regulation stipulates that government agencies must prepare and submit their annual audited accounts and management reports to the Auditor General of the Federation (AuGF) not later than 31st May, of the following year. When chief executives of public institutions prioritise accountability and transparency in the management of public assets in compliance with regulatory provisions, they do not only help to build stakeholder-wide trust, they also engender growth and spur national development. In a recent report by the former Auditor General for th...