| Nigeria: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 100 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 45 |
| 66 | Can citizens access the financial records of state-owned companies? | 0 |
Indicator and sub-Indicator Details
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | |||||||
| 64: In law, is there an agency or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: References: There is no individual agency overseeing state-owned agencies. Agencies are attached to different government ministries and parastatal bodies for oversight and are owned either by federal or states governments.
Peer Review Comments: Each agency has its guiding laws.
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| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: References: There is no individual agency overseeing state-owned agencies. Agencies are attached to different government ministries and parastatals bodies for oversight and are owned either by federal or states governments. These ministries have a unit under them that supervise state owned companies.
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| 65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: These ministries have proffesional full time staff. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: The ministries are regularly funded. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: The federal government does not specially establish anti-graft bodies but passes on information to existing bodies. This transmission of information is rarely done by the government. The Special Committees are only set up to investigate allegations of corruption and none has been set up in the past year. This is because unless there are reports of frauds, no action will be taken by the anti-graft bodies and no special committee would be set up. Only one of the Anti-graft agencies (EFCC) would normally initiate investigations, but in the period under review it has not done this. EFCC has been focused on prosecuting high ranking government officials, like governors and ministers. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: There is no individual government agency overseeing state-owned enterprises. According to their focus, they are attached to individual government ministries.The ministries do not effectively penalize offenders. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 66 | Can citizens access the financial records of state-owned companies? | |||||||
| 66a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: References: There are no access to information laws in place.
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: Financial data are of little value. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
Peer Review Comments: These records are not regularly updated, but state-owned agencies sometimes publish their audited accounts.
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| 66c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: They are not audited by a third party. References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: . References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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| 66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: References: 1. Eloka Uzoma Chuks-Nwosu, assistant director, Bureau of Publi Enterprises (BPE), BPE's office, August 14, 2007; 2.Prof. Sam Egwu, head of the Department of Political Sciences, Kogi State University, Gubabi Hotel, Abuja, Aug. 30, 2007
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