The University of Ibadan has said it is unable to submit its audit report to the Auditor-General of the Federation since 2014 because the external auditor in charge became blind while on the job.
During a meeting by the House of Representatives Committee on Public Accounts last Thursday, the bursar of the university, Michael Alatise, said that the school could not produce the audit reports from 2014 because there were some static numbers which were as a result of the external auditor going blind on the job.
However, after the committee found that the university paid the“blind external auditor” full retaining fee just last year, it ordered a full investigation into the finances of the university.
According to the chairman of the committee, Oluwole Oke, it was highly suspicious that the school would stop recording money spent and how just because the person in charge went blind.
“That somebody went blind does not mean that the firm will go into extinction. It can’t,” Mr Oke said.
He also promised that the university would not be allocated funds in the next budgetary allocation.
“And, sincerely speaking, it is not palatable that from 2014 to date, the University of Ibadan does not have an account with the Auditor-General. No, you won’t get money in the next budgetary allocation.”
In an instance of rebutting the argument, Mr Alatise said the tenure of the auditor in question expired in 2010. He said a new external auditor who the school employed had it rough “because there were some static figures that needed to be cleared” by the former auditor.
“Actually, they (UI) are on their last account, which is 2015. We are about to engage another audit firm next week, the 13th of this month.”
While ordering an investigation into the university’s finances, Mr Oke said in matters of auditing, the University of Ibadan ought to be dealing with an auditing firm and not an individual.