The Right Audit Process Will End Misuse Of Public Fund – Yemi Osinbajo

Nigeria’s Vice President, Yemi Osinbajo has come out to say that the audit process in Ministries, Departments and Agencies (MDAs) is a vital way to curb misappropriation of public fund in Nigeria.

He revealed this recently at the Virtual Workshop of the Office of the Auditor-General of the Federation.

According to him, everything must be done right because an audit can be advertently or inadvertently frustrated by weak synergy between the auditor and the auditee.

He added that sanctions must also be stated clearly for whoever tries to tamper with the audit process.

His words, “The focus on the functional responsibilities of these accounting officers of MDAs in audit processes and engagement procedures is crucial for at least two reasons.

“First, the public audit process is central to any meaningful strategy to fight waste or misappropriation of public resources.

“This is so because the audit is not only useful for discovering malfeasance; it is also one of the most potent preventive measures.

“Second, an audit can be advertently or inadvertently frustrated by poor synergy between the auditor and the auditee.

“This appears to be a cause for concern for the office of the auditor general; indeed, it seems to me that this workshop may not have been as urgent as it is but for the fact that auditors have difficulties with doing their duty because often, audit queries are not responded to and this is a lapse worsened by the absence of sanctions for these derelictions.”

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Oluyemi Oluleke “Yemi” Osinbajo SAN, GCON (born 8 March, 1957) is a Nigerian lawyer and politician who is the currently serving as the Vice President of Nigeria, in office since 29 May 2015.

Yemi Osinbajo was born into the family of Opeoluwa Osinbajo on 8 March 1957, Creek Hospital, Lagos. Osinbajo is married to Dolapo (née Soyode) Osinbajo, a granddaughter of Obafemi Awolowo. They have three children – two daughters, Damilola, Kanyinsola and a son, Fiyinfoluwa Osinbajo.

Yemi Osinbajo is the Pastor in charge of the Lagos Province 48 (Olive Tree provincial headquarters) of The Redeemed Christian Church of God.

On 31 March 2015 Buhari was confirmed by the Independent National Electoral Commission (INEC) as the winner of the presidential elections. Thus Osinbajo became the Vice President-elect of Nigeria. They were both sworn in on 29 May 2015. On 17 August 2017 VP Yemi Osibanjo described hate speech as a species of terrorism.