By Christiana Ekpa
The House of Representatives Public Accounts Committee (PAC) has ordered the Office of the Accountant-General of the Federation and the Auditor-General for the Federation to submit the Federal Government’s consolidated financial statements and audited accounts for 2022, 2023, 2024 and 2025 before October 2026.
The directive followed a tense investigative hearing where lawmakers scrutinised persistent delays in financial reporting and raised concerns over the performance of the Government Integrated Financial Management Information System (GIFMIS).
The Committee also queried the payment of N9.8 billion to GIFMIS vendors in 2024, noting that the platform has yet to fully deliver on its core mandate of ensuring accurate and timely reconciliation of government accounts.
Chairman of the Committee, Rep. Bamidele Salam, expressed strong dissatisfaction with the Accountant-General’s failure to comply with statutory financial reporting obligations.
He cited provisions of the Fiscal Responsibility Act, which require the Federal Government to publish audited, consolidated financial statements within six months after the end of each financial year.
Salam described the continued delay in releasing audited accounts as unacceptable, warning that such lapses erode fiscal discipline, weaken institutional credibility and undermine investor confidence.
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