QUESTIONNAIRE AS DUE PROCESS IN GOVERNMENT ACCOUNTING
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The issue of dueprocess was originally highlighted by the presidential adviser on Budget monitoring and price intelligence unit (BMPIU) with the head Adviser as Dr. Obiageli Ezewesili. This unit operates under the presidency. The process delves more on the award of Government capital project contracts. It ensures that there are transparency, accountability and professionalism in the award and execution of capital project contracts.
The present Government in its aspiration of ensuring effective system of awarding capital project contracts developed dueprocess guidelines, under the leadership of Dr. Oby Ezekwesile who was then head budget monitoring and price intelligency unit. Award of all government capital projects will be made certain professional standard and execution must meet the standard as well, and within the time stipulated for the projects, this was to reduce the idea of collecting mobilization fund and abandoning the project and waiting for another regime to come in and re-award the same project, social elites in short, it was to reduce comption and ensure that the projects is cost- benefited and that the general public are aware.
- HISTORY OF DUE PROCESS IN NIGERIA
Since the inception of budget monitoring and price intelligence unit, a lot may have been said to be achieved considering the level of economical development, the award of government capital project contracts and its maintenance the history of due process in Nigeria came like a revolution that needed commitment, determination and obeisance to the rule of law, if it must survive. Due-process have seen to be applied basically by the federal Executive council in the award of contracts. Award from capital project being checkmated by (BMPUL), the EFCC is also checkmating those who are sabotaging the financial economy as well as the ICPC for political and public abuses of offices and social miss behaviour from the federal ministry of finance to all ministries, agencies, parastatals and Para- ministerial, are gradually adhering to due process policy, though, corruption is still on the high, statistics shows that Nigeria is 88% corrupt, this means that virtually all is corrupt. Due process was introduced in Nigeria to ensure compliance to the rule of law in awarding capital projects contracts, ensuring that funds are no-longer directed in the name of capital projects execution and to ensure that specifications are followed. About 60% of the country’s assets are purely public sector driven and the only way to ensure that the country’s assets do not liquidate or becomes a mirage, is by the introduction of a high- powered checking unit, hence, budget monitoring and price intelligency unit.
www.Efcc.Nig.com, corrupt practices statistic, made a significant recommendation by their present activities
1.1 STATEMENT OF PROBLEM
Basically, the application of accounting policies, principles conventions and bases are primarily to maintain and uphold the integrity of accounting information because of its economic value. Duepr