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Transparency: Lagos Assembly to Amend State Audit Law

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By Modupe Gbadeyanka

The Lagos State House of Assembly has concluded arrangement to strengthen the Audit Law in the state by amending it.

Speaking during a day public hearing on A Law to Amend the Lagos State Audit Law on Friday, Speaker of the House, Mr Mudashiru Obasa, said government must be transparent.

Mr Obasa, who was represented at the event by the Majority Leader, Mr Sanai Agunbiade, said government needed to generate revenue to serve the people and that government’s money must be spent for the purposes it is meant for.

“The Audit Department is very important and we must continue to make it functional and effective. The central internal audit is domiciled in Public Finance Management Law.

“The Bill seeks to amend 23 Sections of the law, take it to Audit Service Commission and bring all the auditors under one umbrella to exclude the control of Central Internal Audit from the Ministry of Finance.

“It is to extend the application of the audit law to local government audit commission.

“It is also to take care of little lapses in the law and strengthen our audit system in the state,” he said.

In his welcome address, Chairman of the House Committee on Public Accounts, Mr Moshood Oshun, said the amendment was necessary.

Mr Oshun added that the auditors, who he said were the state police, serve as checks and balances on the state’s budget.

The lawmaker stated that the auditors monitor the state’s expenditures, and commended the Auditor General of the state for what she has been doing.

Mr Oshun promised that the House would do its best and do the utmost for the auditors so that the tax payers would have confidence in the government.

“We will do everything within our powers for the auditors to give the best so that they can give us a good report, which would be properly treated.

“I want to appeal to the auditors to do the best within their ability so that we can have the Lagos of our dream that can be compared to any state in the world.

“You must do everything possible to be the state police on auditing.

“We must all contribute objectively to make the bill a better one. You can give us a memo to have a bill that we all can be proud of,” he said.

In his contribution, Chairman of the Lagos State Audit Service Commission, Mr Waliu Abiodun Onibon, observed that the original bill was passed in 2010 and not 2015, and that the Permanent Secretary to be appointed should be a chartered accountant by profession, saying that he is in-charge of in-house administration.

He suggested that the Chairman of the Commission should also be a professional accountant with cognate experience.

The State Auditor General, Mrs Morenike Helen Deile, stated that Public Sector Audit experience must be different from private experience, and that the two of them must have public sector experience.

Mrs Deile added that the commission would formulate polices, while the audit agencies would implement the policies.

“The Auditor General would be appointed on the recommendations of the State Civil Service Commission. Local Government Service Commission has nothing to do with it, it should be Audit Service Commission.

“Public financial management is a global framework. We should not repeal the provision in that law,” she said.

The Auditor General, who welcomed the amendment, stated that it would further empower auditors.

She stressed that there was no issue with her staff and that the MDAs have improved.

“There are always challenges because nobody wants to be audited. But by and large because of education we are not hostile to them, we are now strategic partners.

“The Lagos State Government started electronic financial system years back, but we cannot cut off from paper auditing just like that.

“We do electronic auditing of basic agencies that are on the platform. We even train system auditors amongst us and we give reports to the Assembly. We are telling the MDAs to do proper record keeping,” she said.

Also speaking, the Chief Executive of the Institute of Internal Auditors, Mr Humphrey Okorie, said the state was moving closer to international best practise on auditing, and commended the stat for the establishment of Audit Service Commission.

Composition of the commission

Mr Okorie advised that the commission should comprise a chairman and four others with a professional accountant and a professional auditor with 10 years’ experience.

He observed that there was a difference between internal auditing and accounting even if they are related.

According to him, an experienced auditor should be appointed as the Permanent Secretary, while there should be a Bureau for Internal Audit Services for the effectiveness of governance system and processes.

He added that internal auditors ought to be in various agencies to ensure that the necessary systems work.

“The head of Bureau for Internal Audit Services should be appointed by the Governor with cognate experience.

“He should not be at the director level. He should be reviewing and maintain services and ensure proper accountability and transparency,” he said.

Mrs Joko Ogundimu from the Lagos State Audit Service Commission said the main function of the Audit Service Commission was human resource management of auditors.

Mrs Ogundimu stated that the government must recruit people with experience in human resource management.

“Office of the Auditor General for Lagos State and Local Government should be Office of Auditor General for Lagos State, Local Government, and Internal Audit.

People in internal audit should have the appropriate experience. The status of the head of Central Internal Audit must also be a Permanent Secretary,” she said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Middle East Crisis: AfDB, Others Task Africa on Long‑term Structural Reforms

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By Dipo Olowookere

The need for Africa to protect itself from many external shocks not of its making has again been emphasised by the African Development Bank (AfDB), the African Union Commission (AUC), the United Nations Development Programme (UNDP), and the UN Economic Commission for Africa (UNECA).

On the margins of the 58th session of the Economic Commission for Africa in Tangier, Morocco, the continent was tasked to strengthen regional integration, accelerate African-led financial solutions, and invest decisively in energy, food, and trade resilience so as to move from vulnerability to preparedness.

The meeting focused on the spikes in energy, food and fertiliser prices caused by the ongoing conflict in the Middle East.

The United States and Israel launched airstrikes on Iran in February 2026, and since then, global oil prices have surged by more than 50 per cent as of late March. Twenty-nine currencies in Africa have weakened, raising the cost of servicing external debt and importing food, fuel, and fertiliser.

Disruptions linked to Gulf energy supplies limit access to ammonia and urea during the critical March–May planting season. This will affect agricultural production, compounding risks of crisis and emergency levels of food insecurity, especially for low‑income households and import‑dependent economies.

To address these issues, the quartet has asked African leaders to, in the short-term, stabilise fuel, food, and fertiliser supply, and execute medium‑term reforms to strengthen energy security, targeted social protection, and regional trade under the African Continental Free Trade Area (AfCFTA).

They also tasked leaders to come up with long‑term structural reforms towards stronger domestic resource mobilisation and African financial safety nets, including accelerated implementation of the African Financing Stability Mechanism.

“Continued escalation of the conflict worsens global instability, with serious implications for energy markets, food security, and economic resilience, particularly in Africa, where economic pressures remain acute,” the chairperson of AUC, Mr Mahmoud Ali Youssouf, said.

Also commenting, the UN Under-Secretary-General and Executive Secretary of UNECA, Mr Claver Gatete, said, “Africa has been hit by too many external shocks not of its making. Crises like this reinforce why Africa must finance more of its own future and strengthen regional solutions that build resilience before the next shock hits.”

On her part, the UN Assistant Secretary‑General and Director of UNDP’s Regional Bureau for Africa, Ms Ahunna Eziakonwa, submitted that, “With the right mix of policy choices, financing tools, and political resolve, Africa can weather this shock and emerge more resilient, more self-reliant, and better positioned to shape its own economic future.”

“As global crises multiply, Africa’s response must evolve from managing shocks to fostering resilience. African institutions and development partners need to act swiftly and in concert, leveraging their comparative advantages to cushion short-term shocks while laying the foundations for long-term resilience,” the president of AfDB, Mr Sidi Ould Tah, stated.

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Oyetola Sets Accountability Bar for Maritime Agencies

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By Adedapo Adesanya

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.

Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.

“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.

In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.

“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.

Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.

“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.

He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.

“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.

The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.

He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.

“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.

The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.

“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.

Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.

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Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport

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By Modupe Gbadeyanka

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.

The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.

He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.

In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.

“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.

“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.

“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town,  meet victims for on-the-spot assessment and return to the airport before dusk.

“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict.  President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.

“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.

“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.

“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.

“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.

“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message:  sustainable peace must be built with the people, not imposed on them,” the presidency explained.

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