Lagos — As part of its mandate of ensuring accountability and transparency by public servants, the Public Accounts Committee of the Senate has said it will conduct a public hearing on the operations of all federal polytechnics in the country.
In a letter to all the rectors of polytechnics, the committee pointed out that the exercise was not only targeted at ensuring compliance with the provisions of the constitution, Senate Standing Orders and extant Acts, but also to plug all leakages in the institutions.
The committee directed the rectors to furnish it with information regarding the operations of their institutions from January 2012 to December 31, 2013 to enable them carry out the exercise.
According to the letter, the information required from the rectors include details of fund received, information on their revenue profiles (sources of such revenue, mode of collection, including names and addresses of banks used), details of expenditure (recurrent budget, capital budget, details of contracts awarded, relevant approvals, including names and addresses of contractors)
Others are details of payments to each contractor and evidences of payments, names and addresses of banks used by the polytechnic, evidences of Accountant-General of the Federation’s approval of bank accounts, audited accounts and management reports from January 2012 to December 2013 as well as a comprehensive document showing clearly the delineation of duties and functions in the finance and account departments which will facilitate checks and balances.