The Speaker of the Osun House of Assembly, Mr. Timothy Owoeye says the Independent Corrupt Practices Commission, ICPC and the Economic and Financial Crimes Commission, EFCC, should have no business in investigating government finances and expenditure, if there is an efficient House of Assembly.
Mr. Owoeye stated this after the second reading of the “Osun Public Procurement Law Amendment Bill 2020” at the Assembly’s plenary session in Osogbo.
The Speaker explained that the oversight function of the legislative covers checking government expenditures, which would not allow EFCC and ICPC to further investigate state’s government financial activities, if the legislative arm of government has ensured proper accountability.
He, however, said the Procurement Amendment Bill, if passed into law, would make the financial activities of the state government more transparent and accountable for, saying the bill would give room for the creation of a board, which would oversee government procurements in the state.
He also explained that the bill, when passed into law would give room for transparency in governance and the state procurement process, and inturn giving value for money, which is very important.
The Speaker added that, the procurement law would equally set guidelines for the boards of directors on how to manage the expenditure of the state government and thus making it more accountable to the public.
The policy trust of the Osun Public Procurement Law Amendment Bill was read by the Majority Leader of the House, Mr. Maruf Olanrewaju and the bill was passed for second reading.
Funmi Adekoya
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