The Office of the Auditor-General for the Federation (OAuGF) yesterday signed a Memorandum of Understanding (MoU) with the Independent Corrupt Practices and other related offences Commission (ICPC) to curb revenue leakages and losses in government and its agencies.
The MoU will see both organisations carry out a system study and review of revenue-generating agencies in the country.
At the signing ceremony in Abuja, the Auditor-General of the Federation, Mr. Anthony Ayine, explained that the partnership is meant to ensure that both institutions work together in the fight against corruption.
He said: “Even with my over 1,700 audit staff and about 800 staff at the ICPC, the combined workforce is quite small in the context of the challenge we face with corruption in Nigeria. It, therefore, makes sense that there should be no wasted or duplicated effort.
“Where we as auditors have information, but that is not provided seamlessly to law enforcement agencies, such as the ICPC.
We have inadvertently created a duplication of effort, or even worse, scope for loopholes and leakages to go undetected. Information sharing is, therefore, a key benefit of the partnership.