Ensure transparency in spending public money: President asks CAG
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DHAKA, March 2, 2021 (BSS) – President M Abdul Hamid today asked the authorities concerned to ensure transparency in spending government funds for the sake of public interest as a delegation of Comptroller and Auditor General of Bangladesh (CAG) submitted Annual Audit Report 2017-18 to him at Bangabhaban here this evening.
“Audit is a very important to ensure transparency in government expenditure . . . The government’s expenditure is gradually increasing at present,” he told the delegation led by Comptroller and Auditor General of Bangladesh (CAG) Mohammad Muslim Chowdhury.
The head of the state directed the CAG to intensify the audit activities to resolve the unresolved audit objections, President’s Press Secretary Mohammad Joynal Abedin told BSS.
Economy
Kingsley Nwezeh writes that the Prof. Bolaji Owasanonye-led Independent Corrupt Practices and Other Related Offences Commission (ICPC) is engaged in a gritty battle of wits with corrupt personnel of Ministries Departments and Agencies (MDAs)
It is a known fact that in spite of the avowed anti-graft drive of government, corruption, a hydra-headed monster, has continued to mutate in the country.
Anti-graft agencies have battled top officials of government and ministries, some of whom were jailed while others are still standing trial even as others are under investigation.
The different corruption schemes in the MDAs have been variously called ghost workers syndrome, padding, diversion of public funds, bribery and corruption and looting, even some recovered loot were re-looted.
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Adelani Adepegba, Abuja
The Independent Corrupt Practices and Other Related Offences Commission has revealed how it prevented Federal health and educational institutions from stealing or misapplying N42bn unspent surplus allocation in the 2019 budget.
The commission also said it stopped officials from misapplying N31.8bn personnel cost surpluses for 2017 and 2018, and N19.8b and N9.2b from personnel cost and capital fund respectively.
The ICPC Chairman, Prof. Bolaji Owasanoye, SAN, disclosed this on Wednesday, during a virtual interactive forum with Directors of Finance and Accounts of some agencies of the Federal Government with the theme: ‘Transparency and Fiscal Discipline in Implementation of FGN Budget’.
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