Misappropriation of funds alarm raised in the Nigeria Law School

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Financial misappropriation alarm raised in the Nigeria Law School.
The Office of the Auditor-General of the Federation has raised alarm of financial misappropriation /mismanagement in the Nigeria Law school by uncovering financial infractions in the records of the School.Does it take money to make money ?

The Said infractions ranged from outright misappropriation to spending without approval and diversion of pension as contained in the 2015 Auditor-General’s report submitted to the Senate Committee on Public Account.

The Office of the Auditor-General of Federation issued Nine queries to the management of Nigerian Law School in 201. According to the report, The Auditor-General queried the payment of N36 million supposedly used as dressing allowance through the account of one of the staff for 52 others without approval and in violation of Nigeria’s Financial Act.

The report stated that “The Examination of payment records revealed that the Nigerian Law School has several times paid N36 million to staff as dressing allowance in 2013 alone and the Management could not substantiate these payments with any approval from Salaries and Wages Commission to enable the audit team to determine the genuineness of these payments to staff”.

To this effect, the report also indicted the law school for paying N32 million to an unnamed cleaner over a period of 12 months against Nigeria extant laws. The queries reveals that N34.3 million was paid for the training of staff without approval from the federal government. However,the management of the institution, led by its Director-General, Prof. Isa Chiroma, appeared before the Senate panel on Thursday to defend these queries.Reasons the rich get richer

While responding to these queries, the Director-General of the Nigerian Law School, Prof. Isa Chiroma, said that he was not the Director-General of the institution during the period under review, though admitted that government is a continual. In response to payment of N36 million as dressing allowance, the Director-General said, “I can’t imagine the Law School paying N36 million into one account on behalf of others.”

Report has it that the query still stands as his defense was considered not strong enough for the Senate panel to vacate the query. The Auditor-General’s report further revealed from the examination of payment voucher that the Law School, at various intervals, made use of the pension funds to offset expenses not related to payment of pension, contrary to extant Financial Regulation.

The Director-General of the Law School was asked to recover the sum involved and return the same into the pension account.Do you know with Crusader Sterling Pensions your retirement savings is guaranteed?

Source : premium News.

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