The Federal Government has decided to begin an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS).
The Auditor-General of the Federation, Anthony Ayine, in a meeting with the management of the FIRS and NCS on Saturday 17th August, disclosed that the purpose of the audit was to improve government revenue so that the rate of money lending will be depreciated.
He further stated that the management of the FIRS and NCS should be committed to auditing their revenues.
“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.” Ayine said.
The Auditor-General of the Federation said that the implementation of the audit was made possible due to a collaboration between the Federal Government and the World Bank. Also, it is part of the Fiscal Governance and Institutions Project.
The project is aimed at strengthening revenue collection management and accounting processes, as well as transparency and accountability in the use of public funds.