CSOs raise concern over obsolete audit law
Paradigm Leadership Support Initiative (PLSI) has urged President Muhammadu Buhari to urgently assent to the Audit Service Commission Bill to ease service delivery and aid the fight against corruption.
The principal lead of Budgit, Gabriel Okeowo, added that assent to the audit law would help put in place checks to ensure that projects serve their designs.
Executive director of PLSI, Olusegun Elemo, during a press briefing yesterday in Abuja, said their study of countries with modern audit law revealed that Nigeria is the least country with modern audit law.
According to the civil society organisations (CSOs), the Audit Ordinance Act of 1956 and the Public Accounts Act CAP P35, LFN 2014 are too obsolete and cannot effectively fight corruption.
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