Senate: Audit report exposes 558 federal agencies over N969bn assets 

April 4, 2023 Taiye Odewale 0

The Senate on Monday uncovered how about 558 federal ministries, departments and agencies (MDAs) failed to provide classification of intangible assets valued at N969 billion in the 2019 budget. An intangible asset is not physical in nature such as patents, trademark and copyrights, while tangible assets include land, vehicles, equipment, and inventory. Additionally, financial assets such as stocks and bonds, which derive their Read More