In the early hours of today, Friday 25th August, the Level Representative Council of the National Association of Philosophy Students, UI, made a release addressing the brow-raising state of the past Executive Council's level of financial transparency.
The Level Representative Council of the National Association of Philosophy Students has found the immediate past Executive Council guilty of negligence of duty, and some other breaches of the NAPS constitution. The immediate past Executive Council has been directed by the LRC to tender an apology letter to NAPSites within 48 hours.
This was revealed on Friday in the 2021/2022 general audit report signed by NAPS-LRC Chairman, Mustapha Olufemi Luqman and the Spokesperson, Ola Samuel P.
The report reads, "The General Audit of the Executive Council for the fiscal year 2021/2022 has been completed. In spite of the noteworthy activities of the Executive Council, the reports of this audit raised concerns for negligence of duty amongst other breaches of NAPS Constitution by officers of the Executive
Council."
It also states, "The audit revealed instances where financial transactions were executed without proper authorization or documentation, suggesting a potential breach of financial protocols. Of the thirteen (13) expenditures executed by the Peggie-led administration only eight (8) were presented to and approved by the Level
Representative Council, three (3) expenditures which include: Picnic, Plaques/Certificates and Dinner were not presented to the LRC for scrutiny and approval before execution while the budget for NAPS Packages were only
presented after the audit session.
"In addition, evidence was uncovered indicating that plaques and certificates bearing the association's name were issued during the Last Dinner Event without appropriate approval.
"However, the gravity of this findings is complex but putting into consideration that all except one of the Executive Members are first-timers so breaches and irregularities are most likely inevitable. The disciplinary committee recommends that a formal apology letter be addressed to all NAPSites by the Executive Council within
48hours of the receipt of this letter inclusive of the day this letter is served." It further reads.
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