ASSEMBLY TASKS MINISTRY OVER FINANCIAL RECORDS, CALLS FOR MONITORING OF MARKET PROJECTS
person_pin Rita Ureh
query_builder August 10, 2018 15:38:24

By Rita Okonkwo

Awka, Aug.10, 2018 (MOI) Anambra State House of Assembly has directed State Ministry of Trade and Commerce to prepare comprehensive details of their financial transactions for accountability purposes.

The House Committee on Procurement and Tenders Board gave the directive when it paid a scheduled oversight visit to the Ministry.

Chairman of the Committee, Mr Romanus Obi after going through some of the reports commended the Ministry’s efforts in furnishing them with required documents.

The committee, then, urged the Ministry to prepare cash flow statement, showing cash transactions, balance at the end of the year, those brought forward to the next year; and market survey reports of projects.

However, the committee enjoined the Commissioner for Trade and Commerce, Dr Christian Madubuko to work in synergy with Heads of Departments of the Ministry to monitor and evaluate market projects awarded by the State Government to major markets in Anambra State.

The chairman stressed that the ministry should know the towns involved, the amount budgeted for each project and the level of completion.

He urged the ministry to caution those handling projects against imminent publication of their project reports in newspapers as default could lead to possible arrests by relevant government agencies.

In a closing remark, the Permanent Secretary in the Ministry, Mr D.C. Okoli thanked the Committee for their visit and expressed hope that by next visit they would perform satisfactorily in all aspects of accounts and records. (MOI)
CN/FI/TON
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