President mohammadu Buhari being Represented by Minister of state, Ministry of Niger Delta , Senator Tayo Alasoadura, urged AGF and all accounting officers to publish daily payments reports of the federal government and it agencies in the new portal which was lunched without failing of any transactions above N5m.
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The president said all public sector fund across Ministries, Departments and Agencies ( MDAs) of government, must be spent openly and transparently.
President Buhari said: “The Accountant General of the Federation (AGF) must publish a daily treasury statement which will provide information about what came into the national purse and what went out every single day. I repeat every single day.
publish daily payments reports
“Henceforth, treasury is required to publish this information unfailingly. The AGF and all Accounting Officers must publish daily payments reports.
“With these reports, the Treasury will publish payments of at least N 10 million while all MDAS must publish payments above N5 million made out of all public funds under their purview.
“The information to be published must include the MDA responsible, the beneficiary, the purpose and amount of each payment.
“Accounting Officers are responsible for providing answers to any questions from the public relating to transactions completed by entities under their charge”, he directed.
“The AGF and all accounting officers of MDAs must publish financial statements for government as a whole and for individuals.
“These must be published within a month after the end of the quarter.
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publish annual general purpose financial statements
“The AGF must publish annual general purpose financial statements while all public sector entities are required to publish statements for their individual entities.
“These statements must be prepared following International Public Sector Accounting standards and mustbe ready within a month after the end of the first quarter of the following year,” president said.