Upholding Transparency, Accountability, and Good Governance
The Office of the Auditor-General for the Federal Capital Territory (FCT) Area Councils has released its official report on the General-Purpose Financial Statements (GPFS) for the most recent fiscal year. This critical report serves as a cornerstone of public accountability, offering a comprehensive evaluation of the financial health, integrity, and performance of the six FCT Area Councils: Abuja Municipal, Bwari, Gwagwalada, Kuje, Kwali, and Abaji.
Key Highlights of the Report
- Financial Compliance and Record Accuracy
The Auditor-General’s review assessed the accuracy of financial records and the extent to which the Area Councils complied with relevant accounting standards and statutory requirements. The report highlighted areas of compliance, as well as lapses that require immediate attention. - Revenue and Expenditure Performance
The financial statements presented reveal the revenue generated from Internally Generated Revenue (IGR) and statutory allocations, alongside expenditure patterns across various public service sectors — including health, education, infrastructure, and administrative overheads. - Audit Observations and Irregularities
While several councils showed improvement in financial management practices, the report also pointed out instances of:- Unretired advances
- Poor documentation and record-keeping
- Misapplication of funds
- Lack of transparency in procurement processes
- Recommendations for Improvement
The Auditor-General made several key recommendations, including:- Strengthening internal audit systems
- Capacity building for financial officers
- Adherence to IPSAS (International Public Sector Accounting Standards)
- Establishment of audit committees at council levels
- Timely submission of financial reports for future audits
Implications for Governance
The publication of this report reinforces the FCTA’s commitment to open government and fiscal transparency. It provides not only a financial snapshot of the Area Councils but also holds public officers accountable for the use of public resources.
The audit process is vital in identifying weaknesses, improving internal controls, and building public trust in government institutions. Citizens, civil society organizations, and stakeholders are encouraged to engage with the findings and advocate for full implementation of the recommendations.
Conclusion
The Report of the Auditor-General on the General-Purpose Financial Statements is more than just a document — it is a roadmap for better financial stewardship and public accountability in the FCT Area Councils.
As the FCTA continues to implement reforms under the leadership of Honourable Minister Barr. Nyesom Wike, this report serves as a vital tool in ensuring that public funds are managed responsibly and for the benefit of all residents.
