[Nigeria] FCTA engages firm to audit payroll after 13 years

Nigeria’s Federal Capital Territory Administration (FCTA) has engaged an auditing firm to look into the remittance of statutory and non-statutory deductions from the payroll of its workers from 2010-2022, The Authority reports.

Mr Olusade Adesola - FCTA Permanent Secretary - announced the move in Abuja on July 25. He said auditing the remittances of payroll deductions is in line with the FCTA’s objectives and commitment to ensure transparency, accountability and responsible financial management.

The remittances under scrutiny reportedly include taxes, pensions and insurance, while non-statutory deductions fall under employee contributions to cooperative societies and various welfare programmes.

Mr Adesola stated that the audit is taking place to ensure that the administration's obligations to third-party beneficiaries are conducted with the "utmost integrity".

He added that remittances of payroll deductions play pivotal roles in maintaining the welfare of the FCTA workforce and expressed regret that remittances for statutory and non-statutory deductions from the payroll of workers since 2010 had faced some setbacks.

Some issues were the result of such non-remittances, he said. These include the failure by FCTA retirees to claim their National Housing (NHF) funds from the Federal Mortgage Banks due to non-posting of the deductions following discrepancies in deduction payment schedules.

The audit will reportedly examine payments made by FCTA staff from 2010 to 2022 for NHF, FCT Health Insurance Scheme, PAYE and Cooperative deductions.

The auditing exercise will determine any outstanding obligations of the FCTA to its staff and identify responsible individuals and officials, making recommendations as appropriate.

Source: The Authority

Nigeria’s Federal Capital Territory Administration (FCTA) has engaged an auditing firm to look into the remittance of statutory and non-statutory deductions from the payroll of its workers from 2010-2022, The Authority reports.

Mr Olusade Adesola - FCTA Permanent Secretary - announced the move in Abuja on July 25. He said auditing the remittances of payroll deductions is in line with the FCTA’s objectives and commitment to ensure transparency, accountability and responsible financial management.

The remittances under scrutiny reportedly include taxes, pensions and insurance, while non-statutory deductions fall under employee contributions to cooperative societies and various welfare programmes.

Mr Adesola stated that the audit is taking place to ensure that the administration's obligations to third-party beneficiaries are conducted with the "utmost integrity".

He added that remittances of payroll deductions play pivotal roles in maintaining the welfare of the FCTA workforce and expressed regret that remittances for statutory and non-statutory deductions from the payroll of workers since 2010 had faced some setbacks.

Some issues were the result of such non-remittances, he said. These include the failure by FCTA retirees to claim their National Housing (NHF) funds from the Federal Mortgage Banks due to non-posting of the deductions following discrepancies in deduction payment schedules.

The audit will reportedly examine payments made by FCTA staff from 2010 to 2022 for NHF, FCT Health Insurance Scheme, PAYE and Cooperative deductions.

The auditing exercise will determine any outstanding obligations of the FCTA to its staff and identify responsible individuals and officials, making recommendations as appropriate.

Source: The Authority