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Senate Gives Bank of Agriculture, Two Others One-week Ultimatum Over Audit Queries

spearnewsonline by spearnewsonline
June 10, 2026
in News
Senate Gives Bank of Agriculture, Two Others One-week Ultimatum Over Audit Queries
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The Senate Committee on Public Accounts has given the Bank of Agriculture (BOA), the Nigerian Security Printing and Minting Company, and the Rural Electrification Agency one week to appear before it and respond to outstanding audit queries.

The directive followed their failure to appear during the committee’s hearing on Tuesday in Abuja.

The secretary of the committee had informed the chairman, Senator Ibrahim Dankwambo (Gombe North), that he had received correspondence from the BOA stating that the bank had previously appeared before the panel between February 2023 and November 2024.

In the letter signed by its legal adviser, the bank also stated that issues raised during those appearances had been resolved with the committee and relevant government authorities.

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The bank, however, requested details of any unresolved matters and sought at least two weeks to enable its management to collate documents.

But the committee chairman faulted the letter, noting that it was signed by officials below the rank of managing director and chief executive officer.

Mr Dankwambo maintained that all communications relating to committee invitations must be personally signed and transmitted by the agency’s chief executives.

He also criticised the bank’s failure to present its Managing Director before the committee, despite the fact that they were invited to explain outstanding audit issues.

The committee rejected the request for two weeks, insisting that agencies could not determine timelines for legislative oversight proceedings.

The committee members unanimously resolved that the Managing Director of BOA must personally appear before the committee within one week.

The lawmakers stressed that previous audit concerns regarding the bank remained unresolved, contrary to the claims in the correspondence.

The committee further warned that future communications signed by subordinate officers instead of the chief executives would no longer be entertained.

The lawmakers also described the absence of the Nigerian Security Printing and Minting Company and the Rural Electrification Agency as unacceptable and directed that the organisations be given a final one-week opportunity to appear before the panel.

Some members of the committee expressed concerns over what they described as a growing pattern of disregard for legislative summons by government agencies.

They noted that audit queries were serious accountability matters requiring prompt responses and should not be treated with indifference by public institutions.

The committee emphasised that it was acting on reports submitted through constitutional processes and not pursuing issues outside its statutory mandate.

The committee warned that agencies that failed to honour its invitations after the final notice would face sanctions in line with its powers.

Mr Dankwambo said that strong letters would be issued immediately to the defaulting agencies outlining unresolved issues requiring their attention.

He added that the agencies must appear within one week or risk sanctions for failing to cooperate with legislative oversight responsibilities.

(NAN)

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