Gombe govt contracts firm to audit finances of state varsity 

The financial audit of the state-own University follows hue and cries by Unions of the Institution during negotiations with the state government  leading to the suspension of its industrial action.

Recall that recently the Gombe Executive Council approved N947 million to the institution as part of unions’ request for Earned Academic Allowance,  promotion arrears.

Commissioning the firm on behalf of Governor Muhammad Yahaya, the Secretary to Government of Gombe State Professor Ibrahim Njodi, explained that the exercise is aimed at bringing to limelight the financial dealings of the institution so that government can take an informed decision.

Yahaya observed that financial audit of government and non-governmental organisations are common practice across civilised societies, hence, the need for University to cooperate with the auditing firm for a hitch free exercise.

He emphasised that the exercise is not a witch hunt “but an administrative routine to inject efficiency, transparency and accountability into the system,” the governor said.

While acknowledging the track record of Sokson Venture in financial auditing, the governor listed some breakthroughs the state government has had through the firm to include discovery of the names of all debtors of the 2 billion small and medium finance loan facility as well as training and retraining of staff of Bubayero micro finance Limited from 2020 to date among others.

The Managing Consultant of Sokson Venture Dr Bala Auta, described financial audit exercise undertaken to look at the transactional dealings of an organisation, make corrections where the need arises and advice appropriately.

He explained that as professionals in the financial industry, their work will remain elusive without the support of the organisation or institution so audited, appealing to the Gombe State University to cooperate with his team.