{"id":1954,"date":"2021-11-30T06:39:38","date_gmt":"2021-11-30T06:39:38","guid":{"rendered":"https:\/\/ebirareporters.com\/?p=1954"},"modified":"2021-11-30T06:39:38","modified_gmt":"2021-11-30T06:39:38","slug":"world-bank-commended-us-for-transparency-in-audited-financial-statement-fanwo","status":"publish","type":"post","link":"https:\/\/ebirareporters.com\/world-bank-commended-us-for-transparency-in-audited-financial-statement-fanwo\/","title":{"rendered":"World Bank Commended Us for Transparency in Audited Financial Statement &#8211; Fanwo\u00a0"},"content":{"rendered":"<p style=\"text-align: justify;\">&#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-860\" src=\"https:\/\/ebirareporters.com\/wp-content\/uploads\/2021\/08\/Fanwo-300x162.jpeg\" alt=\"\" width=\"300\" height=\"162\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The Kogi State Government yesterday revealed that its 2020 audited financial statement has been commended by the World Bank.<\/span><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The State Commissioner for Information and Communications, Kingsley Fanwo in a statement said the Bank made the commendation on November 17 in a letter signed by Deborah Isser, States Fiscal Transparency, Accountability and Sustainability Programme (SFTAS) task team leader, Nigeria country office, Western and Central African region.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The letter, which was received by the state accountant-general on November 25, commended the state for preparing its audited financial statements in line with the accrual basis of the international public sector accounting standards.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">\u201cWe 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\u2019 eligibility criteria for FY21,\u201d the letter read.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">\u201cThe 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.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">\u201cThe Bank has reviewed the Audited Financial Statements, and it is found acceptable for SFTAS Program Fiduciary assurance requirements.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The World Bank letter is coming about four months after it issued a letter commending Yahaya Bello, governor of the state, for \u201cgood leadership\u201d and the refund of a $4.63 million surpluses under the Nigeria Erosion and Watershed Management Project (NEWMAP).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"&#8230; The Kogi State Government yesterday revealed that its 2020 audited financial statement has been commended by the&hellip;\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[34,165],"class_list":{"0":"post-1954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"tag-kogi","8":"tag-world-bank"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Bank Commended Us for Transparency in Audited Financial Statement - Fanwo\u00a0 - Ebira Reporters<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ebirareporters.com\/world-bank-commended-us-for-transparency-in-audited-financial-statement-fanwo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank Commended Us for Transparency in Audited Financial Statement - Fanwo\u00a0 - Ebira Reporters\" \/>\n<meta property=\"og:description\" content=\"&#8230; 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