FG Audit Exposes MULTI-BILLION Naira Fraud In University Of Ibadan

FG Audit Exposes MULTI-BILLION Naira Fraud In University Of Ibadan


A financial audit of the University of Ibadan (UI) ordered by the Office of the Accountant-General of the Federation (OAGF) has exhumed a welter of financial misconduct and brazen disregard of fiscal regulations by the management of the country’s first university.

The audit, according to the its report dated 10 November 2016 and exclusively obtained by SaharaReporters, spanned six financial years (2010-2015). Titled “University of Ibadan Interim Process Audit Report,” the document is an anthology of spectacular sharp practices. The scope of the audit, stated OS Professional Services, the firm hired to conduct it, included a critical review of the university between 2010 and 2015), confirmation of the sources and quantum of the funding received from the Federal Government and reconciliation of same with the OAGF records.

Also stated as part of the scope is the identification of constraints and areas of improvement, review of revenue sources to the university and the effectiveness of revenue generation and accounting. The audit similarly set out to establish the cost of income ratio of operations and make appropriate recommendations for the management of the university.

OS Professional Services stated that its work was impeded by, among other things, shoddy book-keeping, which manifested in the non-availability of financial statements for years ended 31 December 2013, 2014 and 2015, as they were yet to be prepared at the time the audit was concluded.

The firm also stated that the relevant books of accounts of the university were not updated for the above stated period. Another impediment was the unwillingness of the heads of the university’s bursary to release relevant information and documents for review by the firm.
Download Newsalert NG MobileApp

Like what you've read?Subscribe to Newsalert NG by Email to Receive Update

JOIN OUR FREE BBM CHANNEL FOR INSTANT UPDATE>> CLICK HERE

COMMENTS

BLOGGER
Name

#Onyepoloavenue,1,2004,1,2013 MTV EMA,1,2014,2,2014 porsche panamera,1,2050,1,5000 NAIRA NOTES,1,8 weeks,1,9ice,1,AAUA,1,Adekemi Faboro,1,advice,1,African footballer of the year,1,airline crash,1,Aisha Sulaiman,2,akwa ibom,2,Allelu,1,allnews,1,Amber Rose,1,anambra,1,anambra election,2,android,1,Android 4.3 update,1,Anita Joseph,1,annie idibia,1,annie idibia birthday,1,APC,4,APC Rally,2,arm robbery,1,arsenal,1,Ashanti,1,Ashton Kutcher,1,assasinate,1,asuquo edet 15 year old,1,asuu,8,aubameyang,1,awards,1,Ayo oritsejafor,2,BaddestGuyEverLiveth,1,Barack Obama,1,BBC,1,beyonce,3,BIRTHDAY,1,Blac Chyna,2,boko haram,3,BON AWARDS,1,boobi kristina brown,1,Bosede Arowosegbe-Aremu,1,boyfriend,1,Brazil,1,breaking loose,1,BRYMO,1,Burnaboy,2,Business,5,CAN,1,catholic,1,caught up,1,CBN,1,celeb,1,Celebrity,2627,Celine Dion,1,CHARLY BOY,1,CHILD GROWTH,1,child trafficking,1,child's dedication,1,Chinko Ekun,1,chocolate city,1,christina milan,1,church,1,comedian emeka smith,1,Congratulation,1,contract,1,corazon kwanboka,1,Coza pastor Abiodun fatoyinbo,1,Cristiano Ronaldo welcomes twins into his family,1,Crystal Renay,1,cynthia morgan,1,dammy krane,1,Dangote richest in Africa worth 20 billion Naira,1,darey alade,1,davido,1,DB records,1,Dbanj,1,Decent man,1,Deji falae,1,dencia,1,dencia robbed in paris,1,Denrele,1,divorce,4,don jazzy,2,doris simeon,1,download yawa dey video,1,Dr.sid,2,Ebola,5,ebonyi,1,ebube Nwagbo,1,education,16,electric car 2014,1,Emeka Ike,1,enter,1,Entertainment,10165,Entertainment news,2,Enugu,1,Eze walter,1,fashion,1,fast and furious 7 release date,1,FEATURE,44,featured,10,felaberation,1,festus iyayi died in a car accident,1,FG,1,FIFA,2,Five star crew,1,Foluke Daramola,1,FORE,1,Foreign,6448,Francisca De-Souza,1,french montana,1,funke akindele,1,Futminna cpes online registration,1,FUTO,1,girlfriend,2,girlfriend funmi aboderin,1,Gists,1331,Glo,1,gODWIN OKEKE,1,Golden eaglets,2,Goodluck Jonathan,2,GreatMan,1,Greece,1,GT-I9300,1,GUO MOTORS,1,Halima,1,Halloween,1,Haruna Tsokwa,1,Hayley Okines,1,Health,583,Healthy,1,herb seller,1,hezi dean,1,History,1,HIV,1,hospital.patient,1,hypertek,1,Ice Prince,1,Iggy Azalea,1,ijeoma okonkwo,1,illuminati,1,Infinity,1,Ini Edo,2,instagram,2,introduction with simi osomo,1,irreplaceable,1,ISIS,1,iyabo ojo,1,Iyanya new video le kwa ukwu,1,jamb,1,JaySlot,1,JBOY,1,JBoy-Nollywoodchicks,1,Joan Rivers,1,john mikel,1,Jokes,6,jonathan pitrroipia,1,jubilee festival,1,Juliet Ibrahim,1,kanye west,1,kardashians,1,Karim Wade,1,katy perry,1,kcee,1,kedike chidinma,3,kelechi iheanacho,2,kemi olunloyo,2,khloe kardashian,1,KIDNAPPED,1,kim kardashian,3,kondja relationship is over,1,Konga,1,Korede Bello,1,Ladi Kwali,1,Lady Gaga flying dress,1,Lagos,2,lagos countdown,1,LahLah,1,latest,1,Latest on Asuu strike,4,liberia,1,Lifestyle,212,lindaikeji,1,lionel messi injured,1,lobatan,1,Local,6324,Lola omotayo,2,Lola omotayo.peter okoye,2,Lord of Ajasa,1,lounge,1,love like a movie,1,Lupita Nyong'o,1,lynxxx,2,mafia considering a lethal strike on pope francis,1,magazine,1,maheeda,2,maiduguri,1,makeup,1,malaria,1,MANDIBA IS DEAD,1,marriage,2,matthew ekeinde,1,Mavin records,1,MC Adoga of Rap,1,Microsoft,1,mike akhigbe,1,Mila Kunis,1,miley cyrus,1,military,1,moet abebe,1,Money,1,motherhoodinstyle,1,mp3,843,Mrs. clara chime,1,MTV,1,mum,1,music,8,Music video,141,natural ways to delay ejaculation,1,NELSON MANDELA IS DEAD,2,New Taraba,1,News,10256,Nicki Minaj,3,Nigeria,8,Nokia,1,North West,2,novemmber 18,1,nun,1,official! BBA contestants Beverly Osu and Bimp are a couple!,1,olamide,4,Omawumi,1,Omotola ekeinde,1,Oprah Winfrey,1,parents,1,Paris Jackson,1,pastor killed himself,1,Patience Jonathan,2,Patrick Obahiagbon,1,PDP,5,peter edibi nigeria refree in fifa,1,peter okoye,1,phyno,2,pics,19,police,2,Polio,1,politics,6,Pope Francis,1,Pounded yam,1,precious chikwendu,1,president,2,prostitutes,1,Queeneth Hilbert,1,rape in osun,1,reconciled,1,result poll,1,reunion,1,Rev. Teddy Parker,1,Rihanna,1,Rili Cile,1,Rita Dominic,1,Ruth Kadiri,1,samsung galaxy III,1,Sarah Ofili,1,sean tizzle,1,sex scandal,1,sex trafficking,1,seyilaw,1,Sierra Leone,2,skales,1,skuki,1,sophie kotkis blind girl,1,soundcity,1,SOUNDSULTAN,1,Soundsultan 37th birthday with MTN,1,SOUTH AFRICAN ICON,1,spanish,1,Speaker,1,sport,1,Sporting,1,Sports,2495,sued,1,surulere ft don jazzy,1,swarmed,1,Tech,2,technews,2,Technology,801,teebillz babymama,1,terrorism,1,timaya's child,1,tiwa savage,1,Toast,1,toke makinwa,2,Tonto Dikeh,1,toolz,1,top,1,top stories,1,Toyota camry 2014,1,Traditional attire,1,Traditional wedding,1,trendy shoes,1,tuface,1,tunde demuren,1,twins daughter,1,twitter,1,UAE,1,uduaghan,1,UNICEF,1,unilag admission,1,unilag asuu resumption,1,Unilorin,1,university of lagos,1,US,1,us government,1,usher,1,utube,2,venita akpofure,1,victor moses,1,video,447,videp,1,Vin Diesel,1,viral video,89,waconzy,1,Waje,1,wande coal,1,weddind invitation card,1,witchcraft,1,wizkid in traditional attire,1,world cup,2,wrecking Ball,1,yaya toure,1,Yemi Alade,1,yvonne nelson birthday photos,1,Zayn Malik,1,
ltr
item
Newsalert NG: FG Audit Exposes MULTI-BILLION Naira Fraud In University Of Ibadan
FG Audit Exposes MULTI-BILLION Naira Fraud In University Of Ibadan
FG Audit Exposes MULTI-BILLION Naira Fraud In University Of Ibadan
https://1.bp.blogspot.com/-b8oCnrLSwEk/WVqbkDckyFI/AAAAAAADYcs/LQmZHQi0NJsuIT3sHivHjOF4shnCNndLgCLcBGAs/s400/UI.png
https://1.bp.blogspot.com/-b8oCnrLSwEk/WVqbkDckyFI/AAAAAAADYcs/LQmZHQi0NJsuIT3sHivHjOF4shnCNndLgCLcBGAs/s72-c/UI.png
Newsalert NG
http://www.newsalert.com.ng/2017/07/fg-audit-exposes-multi-billion-naira.html
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/2017/07/fg-audit-exposes-multi-billion-naira.html
true
7131757802101267353
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy