WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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ANAMBRA STATE ACCOUNTING STAFF ASSOCIATION CELEBRATES INTERNATIONAL ACCOUNTANTS DAY.(PHOTOS).#PRESS RELEASE

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 Anambra State Accounting Staff Association Celebrates International Accountants Day 


By Uchechukwu Iwuchukwu/Maureen Ugwukah 


As November 10 draws closer for the celebration of the International Accountants Day, professionals in the field in Anambra State has started marking the event.


The Association has also earmarked a thanksgiving mass to hold on Sunday, November 10 at St. Anthony's Parish Church, Ifite Awka by 10am.


The celebration kicked off on Wednesday November 6 at the Jerome Udoji Secretariat with a workshop tagged "Methods of Coding/Codification of MDAs in line with IPSAS and National Chart of Accounts (NCoA)".


The Permanent Secretary, Ministry of Finance, Mr. Achor Joachin Chinedum who is also the Chairman, Anambra State Accounting Staff Association (ASASA) spoke on the topic, 'Coding', saying that the subject is the process of assigning numerical codes to represent data, ideas or instructions in a format that can be easily understood and processed by computers or humans.


He highlighted the importance of International Public Sector Accounting Standard (IPSAS), explaining that it is a body responsible for the setting up of the standards of operation for public sector entities.


He said, "Chart of Accounts is a systematic listing of accounts used to classify and record financial transactions. 


"The Nigeria Government adopted the Public Sector Accounting Standard set up by IPSAS and therefore developed a common Chart of Accounts for all Nigeria tiers of government, federal, state and local government areas 


"Codes are designed to properly define the components and in coding these accounts, it enables for efficient financial management and report".


Climax of the occasion was the election of new executive members of the Anambra State Accounting Staff Association and the handing over ceremony to the winners.


* Iwuchukwu and Ugwukah are of the Ministry of Information, Anambra State *.

One more photo below.


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