Why FG is Planning to audit Customs’, FIRS’ revenues

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The Federal Government (FG) is planning to commence an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS).

In a statement recently, the Auditor-General of the Federation, Anthony Ayine said he had met the management of the FIRS and NCS over the commitment to audit their revenues.

Ayine said the audit was aimed at improving the revenue of government so as to reduce the heavy burden of borrowing on the country.

“Our engagement is essential to ensure that the collection of revenue is lawfully made. We will also verify that procedures and checks are in place and properly applied.”

READ ALSO: 7 Things You should know about Taxation of Online Transactions by FIRS

According to the Office of the Auditor-General of the Federation, the audit is part of the Fiscal Governance and Institutions Project, a collaborative programme of the Federal Government and the World Bank.

The project is aimed at strengthening revenue collection management and accounting processes, as well as transparency and accountability in the use of public funds.

In a bid to advance the Federal Government’s course for transparency, Ayine in separate meetings asked the FIRS and NCS to grant his office free access to personnel, documents, databases and IT applications for the purpose of the assignment.

The statement said the AuGF visited the Executive Chairman of the FIRS, Babatunde Fowler, and the Comptroller General of the NCS, Hameed Ali, on Thursday, August 15, 2019.

Samson Oyedeyi

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