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Auditor Uncovers Massive Fraud In Osun

Yetunde Oladejo, Osogbo

Osun State Government said Thursday, that it uncovered discrepancies in the financial records of all its four tertiary institutions.

The Auditor-General for the State, Alhaji Folorunsho Adesina who disclosed this during the presentation of financial report on the financial records and statements of the state at an audit forum organized by the office of the State Auditor General, held in Osogbo, said that the discrepancies was responsible for the high wage bills of the institutions.

The affected institutions are Osun State College of Education in Ila and Ilesa, Osun State College of Technology, Esa-Oke, Osun State Polytechnic, Iree and Lautech Teaching Hospital, Osogbo.

The Auditor General disclosed that there were issues bordering on overstaffing, wrong placement of staff at the point of appointment, wrong conversions, unlawful promotions, under-utilization and over staffing of staff which resulted into frivolous high wage bills.

Adesina further said that feasible conflict, hatred and acrimony existed among the staff of these institutions over succession, unhealthy rivalry over seniority issues have disappeared as a result of audit exercise.

Meanwhile, the state government has been given a clean bill on all its financial records for the year 2014 as the projects and programmes executed in the state during the year under review was said to be satisfactory when considering the fund employed.

Adesina stated that a total sum of N86,350,297,421.53 was raked in as revenue from all sources while the total recurrent and capital expenditure stood at N91,609,161,623.98.

According to him, a sum of 36,161,401,369.83 representing 42% was received as statutory allocation to the state, Excess Crude Oil N15,483,131.64 representing 0%; Value Added Tax (VAT) N8,462,390,580.46 representing 10% and Internally Generated Revenue (IGR) N11,290,953,507.23 representing 13% were received.

Other cash receipts includes capital receipt amounting to N8,389.903.657.82 representing 10%; Exchange Rate Gains N34,284,226.53 representing 0%; Internal loan N17,751,365,735.28 representing 20% and other incomes amounting to N4,244,515,212.74 representing 5%.

The Auditor General explained further that bulk of the state eranings for the year were expended on recurrent expenditure worth N68,041,170,137.15 while N23,567,991,486.83 was spent on capital expenditure.

He stressed that expenses on economic sector of N5,407,940,186.92 representing 23% includes construction and rehabilitation of roads across the state, community rural electrification projects, construction of 120 metric tonnes capacity warehouse and establishment of processing mill for yam.

The social sector, Adesina said, is the lion share of the capital expenditure of N14,474,487,557.79 representing 61% includes supply of drug and medical consumables to hospitals, rehabilitation and renovation of the dental clinic, supply of fund for distribution of Opon-Imon, renovation of state hospital, supply of furniture to public schools among others while the Regional Planning and Environmental Development Sector with N1,402,223,850.66 representing 6% involved dredging of rivers and streams across the state, development of train station and streetscape in Osogbo as well as rehabilitation and expansion of Ejigbo water scheme.

The Auditor General maintained that the financial audit was carried out on individual accounts and forwarded to the State House of Assembly in accordance with section 125(5) of the constitution of Federal Republic of Nigeria.

He added that the projects verification visits were made on all projects sites to ensure that due process had been followed with adequate authorization and in accordance with the relevant laws.

He added that there was no case of abandonment or haphazard performance observed by the audit throughout the period of accounting.

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