A press release by the Auditor General of Sierra Leone has disclosed the names of public institutions that failed to submit their financial statements for auditing.
These institutions should therefore collectively account for billions of Leones of public money they received as budgetary allocations/subventions.
Abysmal failure by public institutions over the years to account for public money, amid growing abuse of offices by public officials, continue to deny millions of people in the country the needed public utility services.
Efforts by the Office of the Auditor General are to promote and ensure accountability and transparency and compliance to the rule of law by public service officials.
Unfortunately, the public service system is the country’s nightmare as corrupt practices continue deprived the country of the needed service to address the economy.
29 public institutions have all failed to submit their financial statements, indicating the scope of the problem.
FAILURE TO SUBMIT FINANCIAL STATEMENT TO THE AUDITOR GENERAL FOR AUDITING
Freetown, Sierra Leone- 7th August 2017-
Section 119(2) of the 1991 Constitution mandates the Auditor General to audit the Public Accounts of Sierra Leone and all public offices including the courts, the accounts of the central and local government administrations, of the universities and public institutions of like nature, any statutory corporation, company or other body or organisation established by an Act of Parliament or statutory instrument or otherwise set up partly or wholly out of Public Funds.
Sections 86(1) and 118(1)(b) of the Public Financial Management Act 2016 state that the Annual Financial Statements of Public Enterprise, Commissions and Agencies shall be audited by the Auditor-General or other auditor appointed by him.
Having failed to submit their financial statements for auditing, these institutions should therefore collectively account for billions of Leones of public money they received as budgetary allocations/subventions.
The Auditor General of Sierra Leone therefore wishes to inform the general public that the following institutions failed to submit their financial statement for the purpose of auditing:
NAME & FINANCIAL YEAR
1) Njala University – 2016
2) Nuclear Safety and Radiation Protection Agency- 2016
3) National Telecommunications Commission – 2016
4) Human Rights Commission- 2016
5) Independent Media Commission – 2014 – 2016
6) Guma Valley Water Company – 2015 – 2016
7) Office of the National Security – 2016
8) Electricity Generation and Transmission Company – 2015 – 2016
9) Statistics Sierra Leone – 2016
10) Sierra Leone Postal Service – 2015 – 2016
11) University of Sierra Leone – 2016
12) Sierra Leone Road Safety Authority – 2016
13) National Protection Area Authority – 2016
14) Sierra Leone Maritime Administration – 2016
15) Sierra Leone Stock Exchange Company Limited – 2016
16) Sierra Leone Civil Aviation Authority – 2015 – 2016
17) Petroleum Regulatory Agency – 2016
18) National Youth Commission – 2016
19) National Commission for Persons with Disability – 2015-2016
20) Freetown Teachers College – 2009-2016
21) Western Area Hospital Board – Since Formation
22) National Commission for Small Arms – Since Formation
23) National Drugs Control Agency – Since Formation
24) National Assets Commission – Since Formation
25) SL Produce Marketing Company Since Formation
26) National Pharmaceutical and Procurement Unit – Since Formation
27) Local Government Service Commission – Since Formation
28) Sierra Leone Health Service Commission – Since Formation
29) Produce Monitoring Board – Since Formation