The House of Representatives on Thursday, May 21, 2015 repealed the Audit Act of 1956, re-enacting the 2014 Audit Act.
Following the presentation of a Report of the Committee of Public Accounts and Justice by Hon. Adeola, the House passed the new bill titled: “An Act for the establishment of the Office of the Auditor For the Federation, Audit Service Commission, Additional Powers and Functions of Auditor General and For Matters Connected Therewith.”
Deputy Speaker of the House, Emeka Ihedioha who presided over the plenary session set up a conference committee headed by Senator Elect, Hon. Adeola to liaise with the Senate for concurrence on the passed bill.
Commenting on the bill, Adeola said: “The passed bill will give more powers to the Auditor General as well as established an Audit Service Commission to take care of recruitment, training and other welfare issues of auditing staff of Auditor General’s Office. It also increased penalties to hundreds of thousands.”