FHA accounts not audited for 16 years

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    There were more startling revelations on Wednesday at the Public hearing on the non-submission of audited account to the office of the Audited General of the Federation as the Federal Housing Authority said its account has not been audited for 16 years.
    Managing Director of FHA, Mallam Umar Salihu Gonto told the House of Representatives Committee on Public Accounts chaired by Rep. Oluwole Oke that the Agency could not submit its audited account to the Auditor General as required by law because there was no audited account to submit.
    The House had mandated its committee to investigate refusal of Non-Treasury Funded and Partially Funded Agencies to render their Audited Accounts covering the period 2014-2018 to the Auditor-General of the Federation
    Gonto had earlier denied claims by the Auditor General that the FHA did not submit audited account but backed down when the Committee compelled him to show proof that the Agency submitted its up to date audited accounts to the Auditor General of the Federation.
    The Chairman of the Committee had read the query by the Auditor General of the Federation that the Agency last submitted its audited accounts in 2003 and urged the FHA boss to react.
    Gonto claimed that he was new as MD in the office and that the Agency was not a revenue generating one, adding that available records showed that proper audited accounts were submitted as required.
    When the Committee asked him how long he had been working with the Agency before his appointment as the Managing Director, he said he had worked with the FHA for about 30 years before his present appointment.
    The Committee, however, stepped down the Agency’s matter and ordered for status enquiry to its activities immediately.

    Access Pensions, Future Shaping
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