Nigeria, Sept. 11 -- An exclusive document obtained by The News Chronicle reveals that the hospital granted cash advances totaling N2,239,854.00 to officers, a move that appears to be a flagrant violation of established procurement procedures. This financial faux pas has not only raised eyebrows but also cast a long shadow of doubt over the institution's internal control systems.
The audit report, which reads like a financial thriller, lays bare the details of the alleged transgression. It meticulously points out that the cash advances were a significant step beyond the N200,000.00 threshold, a ceiling clearly defined by the Treasury Circular Ref. No. TRY/A7 & B7/2015/OAGF/CAD/026/V.1/178. This circular, a cornerstone of financial pruden...
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