Senate panel gives BoA, NSPMC, REA one week to answer audit queries

Date:

The Senate Committee on Public Accounts has given the Bank of Agriculture, BoA; Nigerian Security Printing and Minting Company, NSPMC, and Rural Electrification Agency, REA one week to appear before it and respond to outstanding audit queries.

 

The directive followed the agencies’ failure to appear before the committee during its hearing on Tuesday in Abuja.

 

However, the committee’s secretary informed the chairman, Senator Ibrahim Dankwambo, (Gombe North) that he had received correspondence from the Bank of Agriculture signed by its legal adviser.

 

In the letter, the bank stated that it had previously appeared before the panel between February 2023 and November 2024, and that issues raised during those appearances had been resolved with the committee and relevant government authorities.

 

The bank requested details of any unresolved matters and sought at least two weeks to enable its management to collate documents.

 

Dankwambo faulted the letter, noting that it was signed by officials below the rank of Managing Director and Chief Executive Officer.

 

The chairman maintained that all communications relating to committee invitations must be personally signed and transmitted by agency chief executives.

 

He also criticised the bank’s failure to present its Managing Director before the committee despite being invited to explain outstanding audit issues.

 

The committee rejected the request for two weeks, insisting that agencies could not determine timelines for legislative oversight proceedings.

 

Committee members unanimously resolved that the Managing Director of the Bank of Agriculture must personally appear before the committee within one week.

 

The lawmakers stressed that previous audit concerns involving the bank remained unresolved, contrary to claims contained in the correspondence.

 

The committee further warned that future communications signed by subordinate officers instead of chief executives would no longer be entertained.

 

The lawmakers also described the absence of the Nigerian Security Printing and Minting Company and the Rural Electrification Agency as unacceptable and directed that the organisations be given a final one-week opportunity to appear before the panel.

 

Several members expressed concern over what they described as a growing pattern of disregard for legislative summons by government agencies.

 

They noted that audit queries were serious accountability matters requiring prompt responses and should not be treated with indifference by public institutions.

 

The committee emphasised that it was acting on reports submitted through constitutional processes and not pursuing issues outside its statutory mandate, warning that agencies failing to honour invitations after the final notice would face sanctions in line with its powers.

 

Dankwambo said strong letters would be issued immediately to the defaulting agencies outlining unresolved issues requiring their attention.

 

He added that the agencies must appear within one week or risk sanctions for failing to cooperate with legislative oversight responsibilities.

 

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