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09 July 2020

NEPZA Boss Warns Against Violation of Financial Regulations

The Managing Director of Nigeria Export Processing Zones Authority (NEPZA),
Prof Adesoji Adesugba has warned officials of the agency against violations of financial regulations and inappropriate financial dealings.

Speaking while briefing the audit personnel of the agency, the Managing Director declared that he would not tolerate tampering with financial regulations and corruptive
activities, both in the procurement process and in the financial management of the
agency.

“Let me make this very clear- I will strictly enforce extant rules and financial regulations. I will not tolerate breaching of due process in procurement and other financial transactions.

“I charge you to ensure proper records keeping and observance of the internal
processes. Every transaction must be within the bound of the law. If there is any
Infraction, I will act swiftly against culprits. There must be no excuse.

“I am a stickler for transparency and accountability. Any official who breached the
financial protocols will be sanctioned. We will conduct governance audit to ensure the right things are done. We must adopt and follow our processes within the ground
of extant regulations”, the Managing Director declared.

He urged the staff of the agency to imbibe the culture of transparency and accountability,
warning that he will not shield nor defend any official engaging in corrupt practices.

Adesugba assumed duty as NEPZA boss on 1st July after President Muhammadu Buhari
approved his appointment on June 26.

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