It was reported in the 2017 AuGF’s Audit Report that 160 agencies defaulted in the submission of audited accounts for 2016 and 265 agencies defaulted in submission of their audited accounts in 2017 while 11 agencies had never submitted any financial statements since inception. In failing to submit audited accounts, two scenarios are possible. Read AlsoHowever, going through the 2016, 2017 and 2018 reports of the AuGF, there is no list of the agencies that failed to submit their accounts. But the identity of the agencies who failed to submit accounts is very well known to the AuGF. In the circumstances, any agency with skeletons in its cupboard is encouraged to stay away from submitting its account since the leadership of the agency will only be disturbed when they submit accounts to AuGF.

Source: Punch June 27, 2021 23:15 UTC