FG Saves N30 bn From MDAs’ Payroll Audit

The Federal Government has said it has saved a total of N30 billion through an audit of its 181 Ministries, Departments and Agencies conducted by the Presidential Initiative on Continuous Audit.

The development was contained in a report on the achievements of the Minister of Finance, Mrs. Kemi Adeosun, in the last two years. The government stated that the audit followed claims of a shortfall in the personnel costs of the MDAs across the country.

To verify the claims of the shortfall, it said the PICA had raised teams comprising over 300 accountants, auditors and administrative officers. To accurately profile the actual payroll costs of each of the agencies, the report said the PICA designed a template to capture the vital financial information required for the exercise. The findings, it noted, showed that a total of N101 billion was claimed by the MDAs, while the committee recommended the sum of N79.78 billion, resulting in a saving of N30.28 billion.

Photo Caption: Minister of Finance Mrs Kemi Adeosun