The Kogi state government has disclosed its 2020 audited financial statement was commended by the World Bank.
According to a statement issued on Monday, Kingsley Fanwo, commissioner for information, said the bank described the state’s financial report as a standard for transparency and accountability in the public sector.
According to Fanwo, the global bank made the commendation in a letter dated November 17 and signed by Deborah Isser, States Fiscal Transparency, Accountability and Sustainability Programme (SFTAS) task team leader, Nigeria country office, Western and Central African region.
The letter read: “We note that Kogi State Audited Financial Statements for the year ended December 31, 2020 has been uploaded on the state website as per the SFTAS’ eligibility criteria for FY21,”
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“The Financial Statements were prepared on IPSAS accrual basis and the Auditor General of the State has issued an Audit Certificate with an unqualified (clean) Audit opinion on the General-Purpose Financial Statement (GPFS) and a Special Opinion on SFTAS Program Expenditure Framework during the period.
“The Bank has reviewed the Audited Financial Statements, and it is found acceptable for SFTAS Program Fiduciary assurance requirements.”
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