Metro

13 years after, FCTA engages firm to audit workers payroll

By Daniel Tyokua

The Federal Capital Territory Administration (FCTA) has engaged the services of an auditing firm to look into the remittance of statutory and non-statutory deductions from the payroll of workers from 2010-2022.

During the flag -off of the exercise in Abuja on Tuesday,
the Permanent Secretary, FCT Administration Mr. Olusade Adesola said the auditing of the remittances of payroll deductions is in line with the FCTA’s objectives and commitment to ensure transparency, accountability and responsible financial management.

The remittance include taxes, pensions and insurance, while the non-statutory deductions fall under employee contributions to cooperative societies and various welfare programmes.

He explained that the auditing is being carried out to ensure that the Administrations obligations to third-party beneficiaries are met with utmost integrity.

Adesola who noted that remittances of payroll deductions play pivotal roles in maintaining the welfare of the FCTA workforce, lamented that remittances for both statutory and non-statutory deductions from the payroll of workers since 2010 had faced some setbacks.

Some of the problems created as a result of such non-remittances, he said, include the failure by FCTA retirees to claim their National Housing (NHF) funds from the Federal Mortgage Banks, due to non-posting of the deductions as a result of discrepancies in the schedules accompanying the payment of such deductions.

Similarly, the auditing exercise will determine the payments made to the various receivers of the statutory and non-statutory payments by staff and on behalf of each staff of the FCTA from 2010 to 2022 for NHF, FCT Health Insurance Scheme, Pay As You Earn (PAYE) and Cooperative deductions.

The auditing exercise is to determine outstanding obligations for the FCTA to staff as well as ascertain individuals and officials responsible where deductions were not made and make recommendations as appropriate.

Related Posts

Leave a Comment

This News Site uses cookies to improve reading experience. We assume this is OK but if not, please do opt-out. Accept Read More