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33 Enugu State firms fail to submit audited accounts for up to 15 years, Auditor General complains in 2020 audit report – By Mike Ubani/Enugu

Gov. Ifeanyi Ugwuanyi

Thirty-three Enugu State owned companies, schools and companies are in breach of the constitution for failure to submit their audited annual accounts, some as far as 1991, according to the 2020 Enugu State Audit Report. 

Dr. Livinus I Okoro, Enugu State Auditor-General, noted that the action of the firms violates Section 125, sub-section 3 of the 1999 Nigerian constitution which mandates such bodies to produce their audited annual accounts and forward them to the auditor general for review and comments. 

According to the auditor general’s report, the “non-compliance by the chief executives and boards of directors of these establishments in fulfilling the mandate of section 125 (3) of the 1999 constitution and the relevant laws establishing them smacks of absolute disregard to transparency and accountability which hallmarks good governance.”

The State House of Assembly which is invested with the constitutional right to instil financial discipline in those establishments, as well as ensure the observance of due process in the conduct of their activities seem to have looked the other way.

Rt. Hon. Edward Ubosi, Speaker Enugu State House of Assembly: Will the House punish erring companies, parastatals?

Enugu State government slated some of the affected establishments for privatisation and commercialisation since 2013. It voted money for the privatisation exercise in its 2013 budget, but nothing happened. 

Non-compliant firms include companies and parastatals are the Enugu  State Housing Development Corporation, Enugu State Transport Company, Niger Steel Company Ltd, and Niger Gas Company. They include Enugu State Gaming Commission, United Palm Ltd, Nigeria Construction and Furniture Company and the Premier Cashew Industry, Oghe, known to have become distressed. 

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Others are the Nike Lake Protea Hotel, Sunrise Flour Mills Ltd, Rangers Management Corporation and the Enugu State Broadcasting Service. 

Listed are the Rural Electrification Board, Post-Primary Schools Management Board, Agency for Mass Literacy, Enugu State Council for Arts & Culture, Awgu Games Village, and the Enugu State Universal Basic Education Board.

Educational institutions on the list are the Enugu State University of Science and Technology, Institute of Management & Technology, Enugu State College of Education (Technical) and the Enugu State Polytechnic, Iwollo. 

Summit News has reached out to the firms listed and to the Auditor-General for more clarification. We will publish their reactions in the second part of this report that brings to fore the criticality of the audit reports of both the government and various organisations. 

The Enugu State Auditor General’s report lists the erring MDAs in a tabulation.

Sn   Name of parastatals, tertiary institutions, boards, and companies    Outstanding years of unaudited account

1     Enugu State University of Science & Technology  2018-2020

2     Pilgrim Welfare Christian Board 1996-2020

3     Enugu State Housing Development Corporation   2017-2020 

4     Enugu State Transport Company     2010-2020

5     Niger Steel Company Ltd   2003-2020

6     Community Development Coordinating Council    2003-2020

7     Rural Electrification Board  1991-2020

8     Post-Primary Schools Management Board     2019-2020

9`    Agency for Mass Literacy   2003-2020

10   Enugu State Council for Arts and Culture       2003-2020

11   Awgu Games Village   2003-2020

12   Enugu State Universal Basic Education Board      2020

13   Tourism Board, Enugu       1992-2020

14   Institute of Management and Technology       2017-2020

15   Niger Gas Company Ltd    2003-2020

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16   Enugu State Water Corporation 2015-2020

17   Enugu State Library Board        2002-2020

18   Ada Rice Project  2003-2020

19   Enugu State Gaming Commission   1999-2020

20   United Palm Ltd   1999-2020

21   Enugu State Science and Technical Vocational Board        2007-2020

22   Enugu State College of Education (Technical)      2017-2020

23   Nigeria Construction and Furniture Company 2008-2020

24   Premier Cashew Industry Oghe       2018-2020

25   Nike Lake Protea Hotel      2018-2020

26   Sunrise Flour Mills Ltd 1999-2020

27   Enugu State Waste Management Authority    2010-2020

28   Enugu State Broadcasting Service   2010-2020

29   Enugu State Polytechnic, Iwollo       2016-2020

30   Agency for Legal Aid Council    2007-2020

31   Enugu State Independent Electoral Commission (ENSIEC)       2015-2020

32   Enugu State Scholarship Board       2007-2020

33   Rangers Management Corporation  2010-2020



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