Reps query Adeosun over N540m TSA consultancy fee

Reps query Adeosun over N540m TSA consultancy fee

- Finance minister Kemi Adeosun has replied House of Representatives ad-hoc panel that questioned her over the approval of the sum of N540 million for audit of the TSA

- Adeosun said they were certain that government’s monies were trapped in various accounts, hence the need for the consultant

- She said so far, one consultant alone recovered the sum of N1.6 billion from a single branch of a bank and that only last month, they discovered arbitrary bank charges of over N600m

Finance minister Kemi Adeosun has been questioned by a House of Representatives ad-hoc panel for approving the sum of N540 million as consultancy fee for the audit of the Treasury Single Account (TSA).

The panel, which is investigating the status of the TSA headed by Abubakar Nuhu Danburam (APC, Kano), wondered why the minister could approve such “huge amount” for the Accountant General of the Federation (AG), Ahmed Idris, to engage the consultants.

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Daily Trust reports members of the panel on Thursday, May 3, raised concerns over the way the TSA was being run, saying there were still leakages in the way government finances are collected.

Danburam said: “Why are we wasting money to engage consultants when we have the office of the Auditor General of the Federation? What’s the rationale behind spending N540m on consultancy alone? We’re talking about saving costs of governance, but I think this is simply a waste.”

On her parts, the minister said the auditor general’s office carries out statutory audits of governments accounts, while the consultants engaged were to conduct recovery audit.

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Adeosun said they were certain that government’s monies were trapped in various accounts hence the need for the consultant.

She said so far, one consultant alone recovered the sum of N1.6 billion from a single branch of a bank and that only last month, they discovered arbitrary bank charges of over N600m.

Meanwhile, NAIJ.com had reported that Kemi Adeosun denied an insulting tweet aimed at the Igbos that purportedly emerged from her Twitter handle at the weekend.

The tweet claimed that she was delighted that the south easterners were becoming more irrelevant in Nigeria's economic setting.

The tweet read: "I am happy that Igbos are gradually becoming insignificant in Nigeria financial system and before the end of 2023 Igbos will be insignificant in South east and Nigeria in general."

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Source: Naija.ng

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