The Senate has initiated an investigation into the financial records of 774 federal agencies, prompted by the concerns raised against them in the 2019 report of the Auditor General for the Federation.
Senator Aliyu Wadada, who represents Nasarawa West and serves as the Chairman of the Senate Public Accounts Committee (SPAC) under the Social Democratic Party (SDP), revealed this during a conversation with journalists in Keffi, Nasarawa State, on Friday.
He mentioned that his committee’s objective isn’t to target individuals unfairly but assured that panel members would fulfill their duties conscientiously for the nation’s benefit.
Wadada also revealed that the 10th National Assembly, backed by President Bola Tinubu and key stakeholders in the nation’s economy, would soon initiate amendments to the 2007 Procurement Act. This move aims to prevent financial irregularities before they occur.
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The Senator urged leaders at every level and heads of government institutions, whether federal, state, or local, to adopt self-discipline and uphold a sense of reverence in carrying out their duties.
Wadada said, “We have since started work on the 2019 Auditor General’s report before us. Under my chairmanship of this sensitive and strategic committee, I have repeatedly said it that we are not out to witch-hunt or pull down anybody.
“Our ultimate objective vis-a-vis the primary focus of the committee is to ensure transparency and accountability in the management of public funds.”