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N4.97tr: Auditor General clarifies alleged missing money from federation account

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The Auditor-Normal for the Federation (AuGF), Adolphus Aghughu, has mentioned that no cash was lacking from the Federation Account.

Aghughu revealed this in an announcement by Eme Oqua, Head of Press, Workplace of the Auditor-Normal for the Federation (OAuGF) in Abuja.

NAN studies that Aghughu was reacting to latest studies in some Nigerian media, that N4.97 trillion was misappropriated from the federation account following his look on the senate.

Aghughu defined that the ‘unsubstantiated balances of N4.97 trillion’ acknowledged in his deal with throughout submission of Consolidated Monetary Statements of the Federal Authorities for 2019 to the Clerk of the Nationwide Meeting weren’t misappropriation of funds.

He mentioned, “The AGF states the materiality was decided within the context of possible errors and unsubstantiated balances amounting to N4.97trillion in the midst of the audit, which was above the materiality stage of N89.34 Billion set for audit.

“This assertion was made as one of many bases for ‘certified opinion’, the certified opinion however, the Federal Authorities of Nigeria Consolidated Monetary Statements for the 12 months ended Dec. 31, 2019, was true and honest.”

Aghughu urged most people to be guided by his clarifications as there was no cash lacking from the Federation Account of the Federal Republic of Nigeria.

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