Lagos Assembly Warns Against Financial Recklessness

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The Lagos State House of Assembly has vowed to sanction any government official that engages in financial recklessness henceforth.

The House also warned government ministries, departments and agencies saying it cannot condone the misappropriation of public funds.

Chairman of the House Committee on Public Accounts for State, Bolaji Yusuf Ayinla, gave this warning on Thursday while deliberating on the 2011 Auditor General’s Report.

The exercise is meant for the ministries, departments and agencies of the state government to defend how they utilise government funds within a given year.

The committee has submitted the consideration of the 2010 Report in which some government ministries, departments and agencies were indicted as earlier reported by P.M.NEWS while many others were given a time frame to resolve some grey areas in their reports.

Mr. Ayinla, while speaking on the current exercise, said though the committee does not have the powers to impose sanctions, it could recommend adequate punishment for those who are found wanting and warned that the sanctions would be serious this time.

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“We will send our report to the Lagos State House of Assembly, and the resolutions of the House must be carried out, and there is punishment for non-compliance,” he said.

Defending the frequency of the exercise, he said it is to ensure accountability and to make the officials conscious of their actions since they know they are being closely watched.

He also said the committee would soon re-visit the cases of those indicted in the 2010 report to know how effectively they have implemented the recommendations of the House.

“What we are doing is to make sure tax payers’ money is spent the way it should be spent,  especially the ones that affect the budget. Have they actually spent it judiciously on what it is budgeted for? We want to know,” he added.

BY EROMOSELE EBHOMELE