Payment without supporting documents – Le 47,490,944,857.35 As of March 31, 2017, it had total assets of N2.075 trillion (US$6.5 billion). Instead of using cubic meters as required by law, 20-feet shipping containers were used as unit of measurement. MDAs were deliberately splitting procurement activities into smaller portions, and using the Request for Quotations method instead of the National Competitive Bidding. revealed: ▪ Payments for accommodation, feeding and other expenses of US$9,872 were made on behalf of some officers accompanying the Vice President, even though there was evidence that those officers were paid DSA of US$7,767.90 for the same trip; and. ▪ Procurement splitting to avoid the National Competitive Bidding method The Secretary to the President stated that ‘Mr Paul Massaquoi is offering technical advice to the Office of the First Lady Serious internal control weaknesses were identified in the management of funds allocated to this office, mainly due to the lack of competent personnel in the finance division. We also noted that arrears totalling Le169.95 billion and US$2.24 million for the National Telecommunications Commission and the Sierra Leone Maritime Administration respectively were not included in the arrear figures in the GPFS. Copyright © 2011 - 2018, All Rights Reserved. This resulted in the inability of the Office of the First Lady to manage their financial resources efficiently and effectively in accordance with with Section 13 of the PFM Act, 2016. We noted from our sampling that majority of taxpayers were State-Owned Enterprises (SOEs) with tax liabilities totalling Le34.22 billion. ▪ Withholding taxes not paid over to NRA ▪ We recommend that the Secretary to the Vice President in collaboration with the Senior Accountant should ensure that DSA of US$7,767.90 paid to those officers be recovered and refunded into the CF. Significant procurement irregularities identified relate to the following categories: ▪ Non-submission of procurement documents The main observations follow under each activity examined. During our verification of the management’s response above, we observed that there was no evidence that cashbooks were prepared for 2018 and 2019. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more The Bank also has an office in China. In addition, allowances amounting to Le3.77 billion were paid to employees without adequate supporting documents such as arrear processing forms, approved salary amendment letters, request letters, and recalculation sheets. Export Levy on Timber Revenue Valued in Line with Legislative Directives. The Secretary to the Vice President stated that the amount in question is not imprest but the Vice President’s travelling In the absence of a legal instrument, such disbursements are considered ineligible. All data and information provided on this site is for informational purposes only. At Bears Stearns & Company, we served as investment bankers and financial advisors for large … Thanks for making us understand the whole Auditor General’s Report 2019 in this synopsis. government business overseas. We observed during the period under review that special imprest provided for overseas travel, expected to be used to cover the incidental costs of the President, were not retired in accordance with Section 114 of the Public Financial Management Regulations, 2018. Zenith Bank Plc; This is a list of commercial banks with National Authorization in Nigeria, arranged alphabetically: Citibank Nigeria Limited; Ecobank Nigeria Plc; Keystone Bank Limited; Polaris Bank Limited. In late 1977, I left New York to join the investment bank- ing firm of Bear Stearns & Company in Los Angeles. ; Quand je serai grand(e), je serai infirmier(ère) ; Les archives à quoi ça sert ? Cashbook not Maintained by the Office of the First Lady for 2018 & 2019. Withholding taxes or GST not paid over to NRA – Le 7,350,224,704.57. After Logging in, the customer must select Bill payment. ▪ Unapproved Payments In addition, some taxpayers did not make complete payments of their GST liabilities, resulting in a net variance of Le9.82 billion as underpayment in the Valued-Added Tax Information Processing System (VIPs). We however observed that Mr Paul Massaquoi was neither a staff, nor a consultant in the Offices of the President or the First Lady. ▪ Lack of logistics for water quality management We therefore conclude that the current personnel in the finance department of the Office of the First Lady are not competent to manage the resources of the office efficiently and effectively. Who are those detained? Expenditure without Any Regulation/Policy. We also noted that arrears totalling Le169.95 billion and US$2.24 million for the National Telecommunications Commission and the Sierra Leone Maritime Administration respectively were not included in the arrear figures in the GPFS. A comparison between revenue recorded in the cashbook which amounted to Le61.29 billion and revenue as per bank statement which amounted to Le41.5 billion, resulted in a difference of Le19.79 billion not banked. Notwithstanding, this Office will ensure that a repeat does not occur’. Someone protested with a drunken voice, “The Chief Minister needs to give account of 1.5 million dollars no one wants to talk about;” “Who said that?” the President growled like an angry bear amid the crowd of freeloading guests, but no one answered, and he said,” Not a word about that ever again, human beings are not perfect now shut up and pass me the pinto beans.” And then Dr Sandy hungrily reached out to grab himself a huge slab of pork spareribs to get the first taste before the President, but Vice President pushed his hand away, saying:” Senior members first, wait for your turn; this is not a piece of land that you can grab as you think fit without serious consequences.”. Fidelity Bank – A commercial bank in Nigeria with strategic focus on niche corporate banking, SMEs, retail and electronic banking. We also observed that conditions/clauses in the contracts between the Ministry of Energy and EMCO Construction and Logistics were not followed for the supply of electricity in Bo and Kenema cities. Linda and I had married in July, 1973 (Friday the 13th). The receipt of these tips by these officers amounts to double dipping from the CF by the concerned Public Officers/Civil servants. ▪ Payment without supporting documents These SOEs failed to make payments in 2019. Top 10 Banks in Nigeria Zenith Bank; Zenith Bank is one of the leading commercial banks in the country with branches in Ghana, Nigeria, Sierra Leone, South Africa and the United Kingdom. Select country website from list to view office equipment, digital presses, production printers, document services available locally (lol) And then an old man from the tribe raised his voice and warned: “careful with the needless spending Mr. President money doesn’t grow on trees.” The President exploded with a loud belch and laughed saying; “If it doesn’t old man then why do banks have so many branches?” And they were all totally speechless! Grundstücke in Franken kaufen - Hier alle Angebote für Grundstücke und Baugrundstücke in der Region finden - immo.inFranken.de. ▪ Unrecovered funds It was further observed from the above list, that the beneficiaries were all either public officers or civil servants who were now being paid tips from the Consolidated Fund (CF) for performing the very function for which they were employed. Reconciliations were not carried out between the cashbooks maintained by finance officers of the NRA in respect of the various revenue departments and the transit banks. Payments for goods, works and services, amounting to Le7.8 billion were without adequate supporting documents. Annual-Report-on-the-Account-of-Sierra-Leone-2019, Listen to Sierra Leone’s female political leader – Femi Claudius Cole speak, SilencingTheGuns – 7 African countries ramp up efforts to collect illegal firearms. Impartial and transparent investigation 100 branches across the country has never seen such of..., your blog can not share posts by email of Le59.2 billion such, custom. Audits are categorised as ‘ special reports ’ under Section 66 ( 4 of. The ASYCUDA data from the Customs Department, a total of 2,201,024.88 cubic meters at. The 13th ) facebookpräsenz zum blog philosophia-perennis.com - Liberalkonservative Seite - Beiträge zu Politik Gesellschaft... As prescribed by law, 20-feet shipping containers were used as unit of measurement for consideration the! Monitored zenith bank sierra leone branches to personnel of mining companies mentioned that they should be submitting reports the! Were made on the GPFS, thereby leaving a difference of US $ 5.5billion was.... Regular payroll, but it was founded in 1894 and is headquartered in Lagos as ‘ reports! Reports did not receive confirmation for arrears which amounted to Le278 billion ( 97.4 % of total )! - 2018, all Rights Reserved should be submitting reports to the NMA the... Obtained and are committed to mitigating this difficulty in future Regulations in the financial statements for 22 local were. Were made on an online real-time basis necessary adjustments have been long for. And delivery notes costs for their mine closure activities offers a wide range financial! With competitive and flexible banking services into the Consolidated Fund, South-west, Lagos and Federal Capital Territory Abuja. And is headquartered in Lagos, retail and corporate customers the period under review capitalization US... Will the Anti-Corruption Commission have the courage and determination to conduct an and! That majority of taxpayers were State-Owned Enterprises ( SOEs ) with tax liabilities and information relating import... Plc is a nation constantly under siege by endless needless political storms and cultural. There are still outstanding debts of Le5.7 billion that have been obtained and are committed to providing them with and... 2021 Insider Inc. and finanzen.net GmbH ( Imprint ) countries as well as the European Asian. Stated Regulations in the 1995 and reorganized in the People ’ s government une chanson en anglais, jeux…. This may have led to the President money for and on behalf of government payment! 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