University of Ibadan says couldn’t submit audit report because auditor ‘went blind’

The University of Ibadan has said it could not submit its audit report to the Auditor-General of the Federation since 2014 because the external auditor engaged to prepare the report became blind while on the job.

The bursar of the university, Michael Alatise, said this on Thursday in Abuja when he appeared before the House of Representatives Committee on Public Accounts.

But after the committee also found that the university paid the“blind external auditor” full retainership last year, it ordered a full investigation into the finances of the university.

Speaking on the discovery, Oluwole Oke, chairman of the committee, chided the university’s representative. “That somebody went blind does not mean that the firm will go into extinction. It can’t,” Mr Oke said.

“And, sincerely speaking, it is not palatable that from 2014 to date, the University of Ibadan does not have an account with the Auditor-General. No, you won’t get money in the next budgetary allocation.”

In defence, Mr Alatise said the tenure of the auditor in question expired in 2010. He said a new external auditor who the school employed had it rough “because there were some static figures that needed to be cleared” by the former auditor.

“Actually, they (UI) are on their last account, which is 2015. We are about to engage another audit firm next week, the 13th of this month.”

While ordering an investigation into the university’s finances, Mr Oke said in matters of auditing, the University of Ibadan ought to be dealing with an auditing firm and not an individual.

“If you have an audited account signed and ratified in place, why did you need a blind man to take over from there? Besides, you are not dealing with him as a person, you are dealing with a firm. So, he has a partner, he has workers,” Mr Oke said.

“And for UI to engage such a firm. Let us conduct a KYC (know your customer). Let us know who the firm is. Let us investigate the firm. Let us know the partners and workers in that firm.”

https://www.premiumtimesng.com/regional/ssouth-west/376251-university-of-ibadan-says-couldnt-submit-audit-report-because-auditor-went-blind-2.html

Another Pondei: Can you beat this?

Nigeria, the comedy central of Africa.


Does it means the blind auditor doesn't have a partner or secatary who will help him compile the numbers?...Corruption is one bold mfker having a field day in Nigeria.

Nigeria is just a crime scene

Mehn this country is doomed

chaaai...no be the corruption for naija de pain me, but na the kind mind these people take dey lie and perfom ontop corruption naim de shock me...
so a blind auditor since 2014 had no personal assistant or secetary that can assist him in such an important position since the school cnt replace him then bcoz na him papa follow pack sand to build the school...
with these kinda news coming from naija corruption desk, even the devil would sit, watch and learn..

Maybe it's the truth!

At least, no monkey or snake swallowing cash this time.

The older generation is Nigerias problem

You don't mean it....

Are you serious?

Should it be one auditor?

Things dey happen
For this..

No shock given.

Chai! Another Pondei.Nigeria is just a theatre of the most absurd.

Damnnnnn niggarrr
Wow

...... damnnnnn....... auditor went blind... imagine....
When a real niggarrr is about to light up his weed thinking he has seen and heard everything about his country then boom another shits pop up


You see why i keep on telling you all that Nigerians don't hate corruption the way they pretend to but they are just angry because they are not the ones carrying out the corruption

Since 2014
With the type of things you hear in this country, I really don't think we'll get it right in the next 600 years

What do you expect from the comedy central of the world?

Make the youths siddon dey look and clap for their collective oppressors.

There was a country

There is already a fraudulent case with the internal auditor and the university treasurer which is the Bursar.

Even Bubu and Oshio will be shocked to hear this

Nigeria ! Nigeria! Nigeria!

How many times did I call you

Amend your ways

Blindness ko, glaucoma ni

You can do anything and get away with it in Nigeria

Lol

Funny though

No sir, I reject your assertion.

Nigeria is a TV crime series, Season 1 to infinity.
It never ends.

Bigflamie:
Nigeria is just a crime scene

Mehn corruption in this country have moved to the Next Level.... Like can u imagine how this people lie without sense self, chai Naija is The Mexican of Africa wen it comes to crimes and corruption ... Infact I rest my Case for Naija mattter

You guys are not current. Old news.

Nigeria is the home of comedy.

So pathetic
I pity this country.