STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT (WORLD BANK ASSISTED) Trust Fund No: 18335 Project ID: P133045 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH, 2021 Abuja, Nigeria ERNEST O. ABEGBE & CO December 2022 (Chartered Accountants & Consultants) STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED CONTENTS PAGE Abbreviations and Acronyms ii Project Key Information 1 Report of the National Project Coordinating Unit 2 The implementing Agencies’ Responsibilities Statement 6 The Independent Auditors' Responsibilities Statement 7 Statement of Accounting Policies 8 Independent Auditor’s Report 9 Sources and Uses of Funds 11 Summary of Activities in the Designated Accounts 23 Uses of funds (Budget, Actual and Variance) 24 Schedule of Assets Purchased with Project Funds 28 Notes to the Sources and Uses of funds 52 Six Years and First Quarter Summary of Cumulative Sources and Uses of Funds 63 Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co i STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED ABBREVIATIONS AND ACRONYMS AEA Activities Executing Agencies EU European Union Naira Official Currency of the SLOGOR Project Euro Official Currency of the European Union USD United State Dollar FMoF Federal Ministry of Finance FGN Federal Government of Nigeria FPM Financial Procedures Manual FPFMD Federal Project Financial Management Division FAD Finance and Accounts Department DA Designated Account DDA Draw Down Account GCC Government Counterpart Contribution OAGF Office of the Accountant General of the Federation OAGS Office of the Accountant General of the State IFRs Interim Financial Reports IDA International Development Association MDAs Ministries, Departments and Agencies MBNP Ministry of Budget and National Planning M&E Monitoring and Evaluation NPCU National Project Coordinating Unit SPCU State Project Coordinating Unit PFS Project Financial Statement PFM Project Financial Management SA Special Account SLOGOR State and Local Governance Reform Project SOE Statement of Expenditures VAT Value Added Tax WHT Withholding Tax W/A Withdrawal Applications Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co ii STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED PROJECT KEY INFORMATION Name of Project: State and Local Governance Reform (SLOGOR) Project Trust Fund No: 18335 Project ID: P133045 Bankers: Fidelity, Zenith, Wema, FCMB, Eco, Diamond and CBN Period Covered by the Report: January - March, 2021. External Auditors: Ernest O. Abegbe & Co (Chartered Accountants & Consultants) Wing A 2nd Floor, Oyo State House Abuja KEY PROJECT OFFICERS: National Project Coordinator Mr. Samuel O. Eloho Project Manager NPCU Mr. Felix Okonkwo Project Accountant NPCU Mr. Yahaya Saidu Acting State Project Coordinator Anambra State Mrs. Ifeoma Ezedebego State Project Coordinator Cross Rivers State Mr. Joseph Ada Imbufe State Project Coordinator Osun State Mr. Yemi Ijidele State Project Coordinator Kano State Mr. Mohammad Yaro State Project Coordinator Jigawa State Engr. Abba Hassan State Project Coordinator Yobe State Mr. Mohammed Abba Gana Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 1 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED REPORT OF THE NATIONAL PROJECT COORDINATING UNIT (NPCU) Introduction The Project Consolidated Annual Financial Statements is prepared in line with the World Bank financial reporting guidelines and frameworks to provide information on the project’s activities as regards the funds received and disbursement made for the period ended March 31, 2021. THE PROJECT The Project is a single Donor Trust Fund, managed by the World Bank with the European Union providing a grant of about US$78 million (Euro 59,500 000) to implement the full PFM package in six states (Anambra, Cross River, Osun, Kano, Jigawa and Yobe). At the beginning of the project, 12.5% of the grant is unallocated (set aside) for contingencies and performance fund. Out of the 12.5%, 6.5% for the contingencies while 6.0%is to provide for additional support to the states that perform well with regard to project implementation results/outcome and disbursement performance at mid-term review. The Trust Fund (TF) will use World Bank financial management, procurement and disbursement guidelines for implementation of the Project through the National Project Coordinating Unit at National Planning Commission, Abuja. PROJECT OBJECTIVES The Project Development Objective (PDO) is to improve accountability, effectiveness and transparency in public financial management in the six participating states of Anambra, Cross River, Osun, Kano, Jigawa and Yobe. PROJECT COMPONENTS To realise the above objectives, the project is designed around three components: A: The Public Financial Management Reforms: The component provides technical assistance support to MDAs in the six participating states, including automation of PFM systems in states where they are not in place and upgrading of similar systems in states where they are in place. B: Support to Local Governance: The second component supports local governance in each state, particularly the state government's initiative to develop a road map for devolution of functions to local governments as well as provision of technical assistance of public financial management reforms. C: Project Coordination: The third component is project coordination at national and state levels. Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 2 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED Financial Report The Consolidated Financial Statements on pages 11 to 15 with the accompanying notes, have been prepared in line with the International Accounting Standards (IAS) to provide information on the project activities and progress with regards to funds received and disbursements made in relation to the project for the period ended March 31, 2021. Financial Summary1,037,842,229.99341 Cumulative GCC/Others Particulars IDA Credit (N) Total (N) GCC/Others (N) IDA Credit (N) (N) Funds 828,795,277 310,165 829,105,443 13,804,892,624 75,605,386 Received Payments/ 1,037,842,230 - 1,037,842,230 13,357,645,815 - Expenditure Project Categories and Expenditure heads The financial transactions of the project are categorised into:  Goods, Equipment & Vehicles  Consultancy Services  Training/Workshop  Operating Costs Source of Project Funding The Project is an investment financing, funded by a single Donor Trust Fund from the EU, managed by the World Bank for a grant of about US$78 million (Euro 59,500,000) to implement the full PFM package in the six states. These funds are drawn by the Project Implementing Units i.e. NPCU and SPCUs through Withdrawal Applications in client connection with the corresponding Statement of Expenditures (SOE). The activities which characterized the Receipt and Disbursement made for the period ended March 31, 2021 are reported below: Explanation/Comment on the Consolidated Financial Statements With regards to the financial report, the following information is given in relation to the various project activities. Moreover, these would provide further information on the sources and uses of funds by categories as well as uses of fund by project components. Similarly, the analysis of budget implementation stated below is to show the overall percentages of the implementation by each PIU. Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 3 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED Sources and Uses of Funds by Project Categories The funds received from the Trust Funds for the reporting period stood at N828,795,277.47 (Eight hundred and twenty-eight million, seven hundred and ninety-five thousand, two hundred and seventy-seven naira Forty-seven kobo only) while the corresponding expenditures is N1,037,842,229.99 (One billion, thirty-seven million, eight hundred and forty- two thousand, two hundred and twenty-nine naira, ninety-nine kobo only). Consolidated Uses of Funds by Project Activities [Budget, Expenditure and Variance Analysis] The planned/budgeted activities against the actual implementation are compared to establish the percentage of budget execution while the differences (variances) are considered. The total actual expenditure for the period ended March 31, 2021 is N1,037,842,229.99 (One billion, thirty-seven million, eight hundred and forty-two thousand, two hundred and twenty-nine naira, ninety-nine kobo only), reflected in the above consolidated uses of funds by category. The breakdown of the expenditures by PIUs is shown below: 2021 2020 State =N= % =N= % Anambra 41,845,823.52 4.03 31,668,143.25 0.89 Cross-Rivers 143,154,809.41 13.79 1,006,569,836.94 28.24 Osun 155,985,712.98 15.03 505,440,975.10 14.18 Kano 323,057,758.39 31.13 444,825,403.06 12.48 Jigawa 193,738,219.30 18.67 822,217,308.04 23.07 Yobe 148,513,415.13 14.31 702,490,125.55 19.71 NPCU 31,546,491.26 3.04 61,673,782.90 1.73 Total 1,037,842,229.99 100.00 3,574,885,574.83 100 Statement of Cash Balances The Statement shows the Project liquidity reconciling the available balances at the beginning and closing of the reporting period March 31, 2021. The Consolidated Annual Financial Statements closing balance is a total sum of Six hundred and forty-one million, Nine hundred and twenty thousand, seven hundred and fifty naira and seventy-eight kobo (N641,920,750.78) only. Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 4 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED The Independent Auditors' Responsibilities Statement The independent auditors are responsible for forming an independent opinion on the financial statements presented by the National Project Coordinating unit (NPCU), based on the audit, and to report their opinion to the NPCU. They have the responsibility to consider and report to the NPCU if certain requirements are not met. These requirements include the following: i) That the World Bank and EU Financing have been used in accordance with the conditions of the financing agreement. ii) That the Statements of Expenditure used as a basis for the submission of withdrawal applications to the bank have been verified and can be relied upon as a basis for grant disbursement. iii) That Government Counterpart cash contributions have been provided and used in accordance with the Financing Agreement iv) That Goods, works and services financed with project funds have been procured in accordance with the Financing Agreement and the Bank’s approved Procurement procedures v) That the designated accounts have been maintained in accordance with the provisions of the Financing Agreement and funds disbursed out of the accounts were used only for the purpose intended in the financing agreement. vi) That the proper books of accounts have been kept by the project and the project Financial Statements are in agreement with the books of account. vii) That all the information and explanations which were necessary for the purpose of the audit have been obtained. The auditor’s opinion does not include the report issued by the NPCU (together with matters included therein by reference). However, the auditor will report if the matters contained in the NPCU report are inconsistent with the financial statements. Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 7 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED STATEMENT OF ACCOUNTING POLICIES The following are the summary of the significant Accounting Policies adopted by SLOGOR project in the preparation of the Financial Statements: 1. Bases of Accounting: The Financial Statements have been prepared under the Historical Cost Convention using the cash basis of accounting 2. Property, Plant and Equipment (PPE): PPE are stated at their historical cost. No provision is made for depreciation. 3. Other Incomes The project recognizes income from bank interests, fees and other charges such as tender fees, etc, as other incomes when received and credited to the related project accounts. 4. Receivables: It is cash account. No provision for doubtful debts or accrual. 5. Foreign Currency Exchange:  Transactions in foreign currencies are recorded in the books in Naira after conversion using the prevailing exchange rate at the date of the transaction.  All assets and balances in foreign currency are converted to Naira at the prevailing exchange rate at the year- end/ financial statement date Audit of 2021 SLOGOR Project Ernest O. Abegbe & Co Page 8 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 CUMULATIVE SOURCES AND USES OF FUNDS (NAIRA & EURO) AS AT 31ST MARCH 2021 CURRENT PERIOD LAST PERIOD CUMMULATIVE CUMMULATIVE TO DATE Receipts ₦ EURO ₦ EURO ₦ EURO IDA Credit 828,795,277.47 1,772,423.35 12,976,097,346.71 47,267,029.14 13,804,892,624.18 49,039,452.49 State Governments - - 52,147,495.92 157,948.68 52,147,495.92 157,948.68 Sales of Tender Document 52,500.00 110.16 7,040,000.00 19,767.92 7,092,500.00 19,878.08 Miscellaneous Receipts - - 1,456,129.99 3,887.47 1,456,129.99 3,887.47 Interest Received from Euro Bank Acct. 257,658.77 782.20 14,061,150.14 48,130.79 14,318,808.92 48,912.99 Interest Received from Naira Bank Acct. 6.40 0.01 590,445.10 141.93 590,451.50 141.94 Total Receipts 829,105,442.64 1,773,315.72 13,051,392,567.86 47,496,905.92 13,880,498,010.50 49,270,221.64 Expenditure by Categories Gds,Op Csts, Wks, Trn, CnSrvs under Pts A, B & C1: Federal Government 31,546,491.26 73,403.76 672,580,068.97 1,932,954.08 704,126,560.23 2,006,357.84 Anambra 41,845,823.52 88,045.48 1,769,232,663.24 5,313,011.20 1,811,078,486.76 5,401,056.68 Cross River 143,154,809.41 293,388.36 2,142,261,771.90 8,313,401.18 2,285,416,581.31 8,606,789.54 Osun 155,985,712.98 512,748.64 1,341,221,484.10 6,276,192.13 1,497,207,197.08 6,788,940.77 Kano 323,057,758.39 715,457.34 2,249,025,849.47 7,617,674.67 2,572,083,607.86 8,333,132.01 Jigawa 193,738,219.30 414,543.77 2,421,562,231.81 8,127,131.45 2,615,300,451.11 8,541,675.22 Yobe 148,513,415.13 171,032.08 1,723,919,515.98 7,493,697.55 1,872,432,931.11 7,664,729.63 Total Expenditures 1,037,842,229.99 2,268,619.43 12,319,803,585.46 45,074,062.26 13,357,645,815.46 47,342,681.69 Receipts less Expenditures (208,736,787.35) (495,303.71) 731,588,982.39 2,422,843.67 522,852,195.04 1,927,539.96 Add: Exchange Rate Difference: (5,051,108.20) (309,511.49) (1,586,544,719.01) (4,782,253.47) (1,591,595,827.22) (4,782,253.47) Add: Unretired Advances: - - - - - - Add: Unremitted VAT: - - - - - - Add: Unremitted WHT: - - - - - Net Change in Cash (213,787,895.55) (804,815.20) (854,955,736.62) (2,359,409.80) (1,068,743,632.17) (2,854,714) Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 11 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 CUMULATIVE SOURCES AND USES OF FUNDS (NAIRA & EURO) AS AT 31ST MARCH 2021 CURRENT PERIOD LAST PERIOD CUMMULATIVE CUMMULATIVE TO DATE Opening Cash Balances - - - - SPECIAL ACCOUNT 821,907,399.66 2,474,730.22 6,731,823,530.06 20,636,381.46 7,553,730,929.72 23,111,111.67 COUNTER-PART ACCOUNT: STATE 382,281.33 1,151.03 18,436,223.56 79,154.21 18,818,504.89 80,305.24 GOVTS. DRAW-DOWN ACCOUNT 16,446,900.98 49,520.96 117,524,836.56 328,282.21 133,971,737.54 377,803.17 INTEREST (NAIRA) BANK 4,651,905.76 14,006.70 14,864,978.28 40,678.17 19,516,884.04 54,684.87 ACCOUNT/DD INTEREST (DOMICILIARY) BANK 11,567,248.88 34,828.52 40,672,296.12 72,338.28 52,239,545.01 107,166.81 ACCOUNT Total Opening Cash 854,955,736.62 2,574,237.43 6,923,321,864.58 21,156,834.33 7,778,277,601.20 23,731,071.77 Add: Net Change in Cash (213,787,895.55) (804,815.20) (854,955,736.62) (2,359,409.80) (1,068,743,632.17) - 3,164,225.00 Net Cash Available 641,167,841.06 1,769,422.23 6,068,366,127.97 18,797,424.53 6,709,533,969.03 20,566,846.77 Closing Cash Balances SPECIAL ACCOUNT 564,720,817.52 1,558,452.42 5,909,916,130.40 18,368,174.70 6,474,636,947.91 19,926,627.12 COUNTER-PART ACCOUNT: STATE 382,281.33 1,054.98 18,053,942.23 78,099.23 18,436,223.56 79,154.21 GOVTS. DRAW-DOWN ACCOUNT 55,646,576.54 153,567.11 101,077,935.58 282,893.92 156,724,512.12 436,461.03 INTEREST (NAIRA) BANK 4,650,993.88 12,835.29 10,213,072.52 27,840.37 14,864,066.40 40,675.65 ACCOUNT/DD INTEREST (DOMICILIARY) BANK 15,767,171.80 43,512.45 29,105,047.24 40,416.30 44,872,219.04 83,928.75 ACCOUNT Total Closing Cash Balance 641,167,841.06 1,769,422.23 6,068,366,127.97 18,797,424.53 6,709,533,969.03 20,566,846.77 Notes: The following rates were used for conversion Opening balance of SA for reporting period: 1EURO= 465.8742 IBRD funds received and any foreign expenditures made are converted at the rate of exchange on the Date of the transaction Closing balance of SA for reporting period: 1EURO= 445.0397 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 12 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 CONSOLIDATED STATEMENT OF SOURCES AND USES OF FUNDS (NAIRA) AS AT 31ST MARCH 2021 NPCU ABUJA ANAMBRA C/RIVER OSUN KANO JIGAWA YOBE CONSOLIDATED Receipts ₦ ₦ ₦ ₦ ₦ ₦ ₦ ₦ IDA Credit 15,854,500.00 12,901,937.95 96,333,400.00 155,569,002.99 253,077,227.51 181,589,191.12 113,470,017.90 828,795,277.47 State Governments - - - - - - - - Sales of Tender Document - - - 52,500.00 - - - 52,500.00 Miscellaneous Receipts - - - - - - - - Interest Received from Euro - - 7.36 141,276.75 8,588.08 - 107,786.58 257,658.77 Bank Acct. Interest Received from Naira - - - 6.40 - - - 6.40 Bank Acct. Total Receipts 15,854,500.00 12,901,937.95 96,333,407.36 155,762,786.14 253,085,815.59 181,589,191.12 113,577,804.48 829,105,442.64 Expenditure by Categories - Gds,Op Csts, Wks, Trn, CnSrvs 31,546,491.26 41,845,823.52 143,154,809.41 155,985,712.98 323,057,758.39 193,738,219.30 148,513,415.13 1,037,842,229.99 under Pts A, B & C1 Total Expenditures 31,546,491.26 41,845,823.52 143,154,809.41 155,985,712.98 323,057,758.39 193,738,219.30 148,513,415.13 1,037,842,229.99 Receipts less Expenditures (15,691,991.26) (28,943,885.57) (46,821,402.05) (222,926.84) (69,971,942.80) (12,149,028.18) (34,935,610.65) (208,736,787.35) Add: Exchange Rate Difference (3,098,564.49) (7,807,846.35) (1,265,074.78) (38,592,178.48) (7,601,402.17) (6,222,131.33) 59,536,089.39 (5,051,108.20) Add: Unretired Advance - - - - - - - - Add: Unremited VAT - - - - - - - - Add: Unremited WHT - - - - - - - - Net Change in Cash (18,790,555.75) (36,751,731.92) (48,086,476.83) (38,815,105.32) (77,573,344.97) (18,371,159.51) 24,600,478.75 (213,787,895.55) Opening Balance - SPECIAL ACCOUNT 18,981,816.00 216,990,449.75 81,427,263.00 139,366,914.50 76,522,572.03 151,690,549.60 136,927,834.78 821,907,399.66 SPECIAL ACCOUNT2/GCCA- - - 382,281.33 - - - - 382,281.33 STATE GOVTS DRAW-DOWN ACCOUNT 98,969.06 5,121.26 10,282,568.69 1,236,086.84 1,029,210.03 189,777.83 3,605,167.27 16,446,900.98 INTEREST (NAIRA) BANK - 1,369,698.00 3,762.76 2,023,686.00 - - 1,254,759.00 4,651,905.76 ACCOUNT/DD INTEREST (DOMICILIARY) - 556,239.82 193,253.94 8,334,957.78 568,147.56 - 1,914,649.79 11,567,248.88 BANK ACCOUNT/DD Total Opening Balance 19,080,785.06 218,921,508.83 92,289,129.71 150,961,645.12 78,119,929.62 151,880,327.43 143,702,410.84 854,955,736.62 Add: Net Change in Cash 290,229.31 182,169,776.91 44,202,652.89 112,146,539.80 546,584.66 133,509,167.92 168,302,889.58 641,167,841.06 - Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 13 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 CONSOLIDATED STATEMENT OF SOURCES AND USES OF FUNDS (NAIRA) AS AT 31ST MARCH 2021 NPCU ABUJA ANAMBRA C/RIVER OSUN KANO JIGAWA YOBE CONSOLIDATED Net Cash Available 290,229.31 182,169,776.91 44,202,652.89 112,146,539.80 546,584.66 133,509,167.92 168,302,889.58 641,167,841.06 Closing Balance - SPECIAL ACCOUNT 19,808.72 180,268,359.43 37,057,004.99 51,682,834.19 - 133,460,009.47 162,232,800.71 564,720,817.52 SPECIAL ACCOUNT2/GCCA- - - 382,281.33 - - - - 382,281.33 STATE GOVTS DRAW-DOWN ACCOUNT 2,926.80 355.43 6,558,170.48 46,045,588.30 3,845.39 49,158.45 2,986,531.69 55,646,576.54 INTEREST (NAIRA) BANK - 1,369,698.00 3,668.76 2,023,686.00 - - 1,253,941.12 4,650,993.88 ACCOUNT/DD INTEREST (DOMICILIARY) 267,493.79 531,364.05 201,527.33 12,394,431.30 542,739.27 - 1,829,616.06 15,767,171.80 BANK ACCOUNT/DD Total Closing Balance 290,229.31 182,169,776.91 44,202,652.89 112,146,539.80 546,584.66 133,509,167.92 168,302,889.58 641,167,841.06 Opening Exchange Rate: 465.8742 to €1 465.8742 to €1 465.8742 to €1 465.8742 to €1 465.8742 to €1 465.8742 to €1 465.8742 to €1 465.8742 to €1 Closing Exchange Rate: 445.0397 to €1 445.0397 to €1 445.0397 to €1 445.0397 to €1 445.0397 to €1 445.0397 to €1 445.0397 to €1 445.0397 to €1 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 14 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 CONSOLIDATED STATEMENT OF SOURCES AND USES OF FUNDS (EURO) AS AT 31ST MARCH 2021 TOTAL EURO NPCU ABUJA ANAMBRA C/RIVER OSUN KANO JIGAWA YOBE CONSOLIDATED EURO EURO EURO EURO EURO EURO EURO EURO Receipts IDA Credit 32,703.76 27,336.30 201,871.28 329,207.54 551,055.85 388,823.05 241,425.57 1,772,423.35 State Governments - - - - - - - - Sales of Tender Document - - - 110.16 - - - 110.16 Miscellaneous Receipts - - - - - - - - Interest Received from Euro Bank Acct. - - 0.02 410.38 145.62 - 226.18 782.20 Interest Received from Naira Bank Acct. - - - 0.01 - - - 0.01 Total Receipts 32,703.76 27,336.30 201,871.30 329,728.09 551,201.47 388,823.05 241,651.75 1,773,315.72 Expenditure by Categories - Gds,Op Csts, Wks, Trn, CnSrvs under 73,403.76 88,045.48 293,388.36 512,748.64 715,457.34 414,543.77 171,032.08 2,268,619.43 Pts A, B & C1 Total Expenditures 73,403.76 88,045.48 293,388.36 512,748.64 715,457.34 414,543.77 171,032.08 2,268,619.43 Receipts less Expenditures (40,700.00) (60,709.18) (91,517.06) (183,020.55) (164,255.87) (25,720.72) 70,619.67 (495,303.71) Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 15 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 NPCU ABUJA Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 15,854,500.00 32,703.76 583,286,750.27 2,073,480.79 599,141,250.27 2,106,184.55 State Governments - - - - - Sales of Tender Document - - - - - Miscellaneous Receipts - - - - - Interest Received from Euro Bank Acct. - 1,198,128.94 4,280.49 1,198,128.94 4,280.49 Interest Received from Naira Bank Acct. - - 2,071.76 9.36 2,071.76 9.36 Total Receipts 15,854,500.00 32,703.76 584,486,950.97 2,077,770.64 600,341,450.97 2,110,474.40 Expenditure by Components - - COMPONENT A - - - - (Public Financial Management Reforms) Public Finance Management Legislation - - - - - - Internal and External Audit - - - - - - Support Functional Control in Public Finances - - - - - - Budget Reforms - - - - - - Reform of the State Tax Authority - - - - - - Public Procurement Reform - - - - - - COMPONENT B - - - - (Support to Local Governance) Support to Local Governance - - - - - - COMPONENT C - - - - - (Project Coordination) Federal Level Project Coordination 31,546,491.26 73,403.76 672,580,068.97 1,932,954.08 704,126,560.23 2,006,357.84 Project Management and Coordination at State - - - - - - level: Total Expenditures 31,546,491.26 73,403.76 672,580,068.97 1,932,954.08 704,126,560.23 2,006,357.84 Receipts less Expenditures (15,691,991.26) (40,700.00) (88,093,118.00) 144,816.56 (103,785,109.26) 104,116.56 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 16 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 ANAMBRA Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 12,901,937.95 27,336.30 1,875,435,779.55 5,581,910.40 1,888,337,717.50 5,609,246.70 State Governments - - - - - - Sales of Tender Document - - 1,370,000.00 3,665.31 1,370,000.00 3,665.31 Miscellaneous Receipts - - 6,687.82 17.34 6,687.82 17.34 Interest Received from Euro Bank Acct. - 372,881.30 1,529.68 372,881.30 1,529.68 Interest Received from Naira Bank Acct. - 8,091.76 29.74 8,091.76 29.74 Total Receipts 12,901,937.95 27,336.30 1,877,193,440.43 5,587,152.47 1,890,095,378.38 5,614,488.77 Expenditure by Components COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation 37,815,362.50 78,519.14 8,272,204.81 26,065.27 46,087,567.31 104,584.41 Internal and External Audit 1,749,451.50 4,010.61 185,918,599.78 578,028.29 187,668,051.28 582,038.90 Support Functional Control in Public Finances 100,000.00 210.10 243,265,992.66 766,244.79 243,365,992.66 766,454.89 Budget Reforms - - 327,521,634.78 912,638.01 327,521,634.78 912,638.01 Reform of the State Tax Authority - - 305,857,614.99 807,887.84 305,857,614.99 807,887.84 Public Procurement Reform - - 61,273,579.99 189,298.93 61,273,579.99 189,298.93 COMPONENT B - - - - (Support to Local Governance) Support to Local Governance - - 18,713,914.35 56,757.52 18,713,914.35 56,757.52 COMPONENT C - - - - Project Management and Coordination at State 2,181,009.52 5,305.63 618,409,121.88 1,976,090.55 620,590,131.40 1,981,396.18 level: Total Expenditures 41,845,823.52 88,045.48 1,769,232,663.24 5,313,011.20 1,811,078,486.76 5,401,056.68 Receipts less Expenditures (28,943,885.57) (60,709.18) 107,960,777.19 274,141.27 79,016,891.62 213,432.09 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 17 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 CROSS RIVER Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 96,333,400.00 201,871.28 2,136,509,981.19 8,323,744.15 2,232,843,381.19 8,525,615.43 State Governments - - 52,147,495.92 157,856.40 52,147,495.92 157,856.40 Sales of Tender Document - - 1,090,000.00 3,245.71 1,090,000.00 3,245.71 Miscellaneous Receipts - - 352,910.17 939.46 352,910.17 939.46 Interest Received from Euro Bank Acct. 7.36 0.02 190,204.40 537.57 190,211.76 537.59 Interest Received from Naira Bank Acct. - - 29,799.83 92.79 29,799.83 92.79 Total Receipts 96,333,407.36 201,871.30 2,190,320,391.51 8,486,416.08 2,286,653,798.87 8,688,287.38 Expenditure by Components: COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 11,998,750.00 50,363.01 11,998,750.00 50,363.01 Internal and External Audit - - 132,875,643.80 509,025.55 132,875,643.80 509,025.55 Support Functional Control in Public Finances 137,196,653.75 282,503.47 1,129,122,460.32 3,642,602.58 1,266,319,114.07 3,925,106.05 Budget Reforms - - 66,978,289.33 235,418.51 66,978,289.33 235,418.51 Reform of the State Tax Authority - - 159,557,474.22 587,624.45 159,557,474.22 587,624.45 Public Procurement Reform - - 235,463,664.98 1,388,996.08 235,463,664.98 1,388,996.08 COMPONENT B - - - - (Support to Local Governance) Support to Local Governance - - 20,212,500.00 91,155.78 20,212,500.00 91,155.78 COMPONENT C - - - - (Project Coordination) Project Management and Coordination at State 5,958,155.66 10,884.89 386,052,989.25 1,808,215.22 392,011,144.91 1,819,100.11 level: Total Expenditures 143,154,809.41 293,388.36 2,142,261,771.90 8,313,401.18 2,285,416,581.31 8,606,789.54 Receipts less Expenditures (46,821,402.05) (91,517.06) 48,058,619.61 173,014.90 1,237,217.56 81,497.84 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 18 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 OSUN Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 155,569,002.99 329,207.54 1,394,911,395.17 6,461,031.93 1,550,480,398.16 6,790,239.47 State Governments - - - - - - Sales of Tender Document 52,500.00 110.16 3,305,000.00 9,418.18 3,357,500.00 9,528.34 Miscellaneous Receipts - - 1,094,532.00 3,156.75 1,094,532.00 3,156.75 Interest Received from Euro Bank Acct. 141,276.75 410.38 7,833,737.79 26,737.40 7,975,014.54 27,147.78 Interest Received from Naira Bank Acct. 6.40 0.01 29,393.08 130.26 29,399.48 130.27 Total Receipts 155,762,786.14 329,728.09 1,407,174,058.04 6,500,474.52 1,562,936,844.18 6,830,202.61 Expenditure by Components COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 1,974,500.00 6,087.05 1,974,500.00 6,087.05 Internal and External Audit 866,000.00 2,511.30 38,866,094.96 115,020.94 39,732,094.96 117,532.24 Support Functional Control in Public Finances 140,223,419.41 467,389.25 163,029,669.14 1,545,407.86 303,253,088.55 2,012,797.11 Budget Reforms 257,000.00 745.27 95,606,210.43 272,780.15 95,863,210.43 273,525.42 Reform of the State Tax Authority - - 129,043,906.00 961,790.47 129,043,906.00 961,790.47 Public Procurement Reform - - 127,768,878.48 896,486.46 127,768,878.48 896,486.46 COMPONENT B (Support to Local Governance) Support to Local Governance - - 21,280,963.58 66,478.15 21,280,963.58 66,478.15 COMPONENT C - - - - (Project Coordination) Project Management and Coordination at State 14,639,293.57 42,102.82 763,651,261.51 2,412,141.05 778,290,555.08 2,454,243.87 level: Total Expenditures 155,985,712.98 512,748.64 1,341,221,484.10 6,276,192.13 1,497,207,197.08 6,788,940.77 Receipts less Expenditures (222,926.84) (183,020.55) 65,952,573.94 224,282.39 65,729,647.10 41,261.84 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 19 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 KANO Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 253,077,227.51 551,055.85 2,476,907,433.06 7,923,934.77 2,729,984,660.57 8,474,990.62 State Governments - - - - - Sales of Tender Document - - - - - - Miscellaneous Receipts - - - - - - Interest Received from Euro Bank Acct. 8,588.08 145.62 434,459.20 1,400.60 443,047.28 1,546.22 Interest Received from Naira Bank Acct. - - 108,377.00 523.56 108,377.00 523.56 Total Receipts 253,085,815.59 551,201.47 2,477,450,269.26 7,925,858.93 2,730,536,084.85 8,477,060.40 Expenditure by Components COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 79,771,077.42 230,407.55 79,771,077.42 230,407.55 Internal and External Audit 1,941,160.00 5,590.34 70,434,788.34 198,895.86 72,375,948.34 204,486.20 Support Functional Control in Public Finances 293,653,532.55 631,871.32 892,799,731.50 3,528,396.74 1,186,453,264.05 4,160,268.06 Budget Reforms - - 70,978,597.06 219,146.57 70,978,597.06 219,146.57 Reform of the State Tax Authority - 79,324,002.42 296,958.14 79,324,002.42 296,958.14 Public Procurement Reform - - 140,000.00 396.43 140,000.00 396.43 COMPONENT B - - - - (Support to Local Governance) Support to Local Governance - - 6,235,288.49 27,391.67 6,235,288.49 27,391.67 COMPONENT C - - - - (Project Coordination) Project Management and Coordination at State 27,463,065.84 77,995.68 1,049,342,364.24 3,116,081.71 1,076,805,430.08 3,194,077.39 level: Total Expenditures 323,057,758.39 715,457.34 2,249,025,849.47 7,617,674.67 2,572,083,607.86 8,333,132.01 Receipts less Expenditures (69,971,942.80) (164,255.87) 228,424,419.79 308,184.26 158,452,476.99 143,928.39 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 20 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 JIGAWA Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 181,589,191.12 388,823.05 2,445,876,234.16 8,631,295.52 2,627,465,425.28 9,020,118.57 State Governments - - - - - - Sales of Tender Document - - - - - - Miscellaneous Receipts - - - - - - Interest Received from Euro Bank Acct. - - - - - - Interest Received from Naira Bank Acct. - - 29,508.88 137.60 29,508.88 137.60 Total Receipts 181,589,191.12 388,823.05 2,445,905,743.04 8,631,433.12 2,627,494,934.16 9,020,256.17 Expenditure by Components COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 89,645,650.00 250,743.00 89,645,650.00 250,743.00 Internal and External Audit - 139,858,216.50 1,335,625.11 139,858,216.50 1,335,625.11 Support Functional Control in Public Finances 158,209,933.86 338,764.79 1,162,562,376.05 2,913,304.22 1,320,772,309.91 3,252,069.01 Budget Reforms 7,721,000.00 16,532.48 133,279,955.93 889,378.25 141,000,955.93 905,910.73 Reform of the State Tax Authority - - 345,255,643.18 985,543.77 345,255,643.18 985,543.77 Public Procurement Reform - - 94,600,493.71 276,678.99 94,600,493.71 276,678.99 COMPONENT B - - - - (Support to Local Governance) Support to Local Governance 19,481,095.00 41,418.16 77,709,093.48 232,486.82 97,190,188.48 273,904.98 COMPONENT C - - - - (Project Coordination) Project Management and Coordination at State 8,326,190.44 17,828.34 378,650,802.96 1,243,371.29 386,976,993.40 1,261,199.63 level: Total Expenditures 193,738,219.30 414,543.77 2,421,562,231.81 8,127,131.45 2,615,300,451.11 8,541,675.22 Receipts less Expenditures (12,149,028.18) (25,720.72) 24,343,511.23 504,301.67 12,194,483.05 478,580.95 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 21 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Sources and Uses of Funds for the Period Ended 31 March, 2021 YOBE Current Period Last Period Cummulative Cummulative To-date =N= = €= =N= = €= =N= = €= Receipts IDA Credit 113,470,017.90 241,425.57 1,761,121,577.25 8,271,631.58 1,874,591,595.15 8,513,057.15 State Governments - - - - - - Sales of Tender Document - - 1,250,000.00 3,249.04 1,250,000.00 3,249.04 Miscellaneous Receipts - - - - - - Interest Received from Euro Bank Acct. 107,786.58 226.18 2,421,431.54 7,321.19 2,529,218.12 7,547.37 Interest Received from Naira Bank Acct. - - 407,949.24 1,521.06 407,949.24 1,521.06 Total Receipts 113,577,804.48 241,651.75 1,765,200,958.02 8,283,722.87 1,878,778,762.51 8,525,374.62 Expenditure by Components COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 32,878,655.98 97,605.91 32,878,655.98 97,605.91 Internal and External Audit - - 86,525,503.18 332,717.31 86,525,503.18 332,717.31 Support Functional Control in Public Finances 143,325,648.64 164,948.19 803,110,507.65 3,577,627.35 946,436,156.29 3,742,575.54 Budget Reforms - - 69,957,237.49 205,435.62 69,957,237.49 205,435.62 Reform of the State Tax Authority - - 144,124,868.70 678,457.86 144,124,868.70 678,457.86 Public Procurement Reform - - 178,516,147.00 894,998.90 178,516,147.00 894,998.90 COMPONENT B (Support to Local Governance) Support to Local Governance - - 11,389,998.95 271,992.54 11,389,998.95 271,992.54 COMPONENT C (Project Coordination) Project Management and Coordination at State 5,187,766.49 6,083.89 397,416,597.03 1,434,862.06 402,604,363.52 1,440,945.95 level: Total Expenditures 148,513,415.13 171,032.08 1,723,919,515.98 7,493,697.55 1,872,432,931.11 7,664,729.63 Receipts less Expenditures (34,935,610.65) 70,619.67 41,281,442.05 790,025.32 6,345,831.40 860,644.99 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 22 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SUMMARY OF ACTIVITIES IN THE DESIGNATED ACCOUNTS NPCU ABUJA ANAMBRA CROSS RIVER OSUN KANO JIGAWA YOBE CONSOLIDATED DETAILS Euro Euro Euro Euro Euro Euro Euro Euro NAME OF BANK Zenith Bank Fidelity Bank Zenith Bank Wema Bank FCMB Bank Eco Bank Diamond Bank ACCOUNT NUMBER 1751066306 5090596920 5080066157 0-620106324 2793297033 3652038309 0-045011714 Opening Balance 40,744.51 465,770.48 174,783.80 299,151.39 164,255.87 325,604.10 293,915.90 1,764,226.05 Add: Receipts during the year 32,703.76 27,336.30 201,871.28 329,207.54 551,055.85 388,823.05 241,425.57 1,772,423.35 Add: Bank interest/Other Income - - 0.02 520.55 145.62 - 226.18 892.37 Direct Payment 73,448.27 493,106.78 376,655.10 628,879.48 715,457.34 714,427.15 535,567.65 3,537,541.77 Less Withdrawals During the Year: - Draw Down/Direct Payment 73,403.76 88,045.48 293,388.36 512,748.64 715,457.34 414,543.77 171,032.08 2,268,619.43 Less : Bank Charges - - - - - - Less: Refund of Project Advance - - - - - - - - TOTAL PAYMENTS 73,403.76 88,045.48 293,388.36 512,748.64 715,457.34 414,543.77 171,032.08 2,268,619.43 CLOSING BANK BALANCE 44.51 405,061.30 83,266.74 116,130.84 - 299,883.38 364,535.57 1,268,922.34 (EURO) Exchange rate ( NGN/ EURO) 445.0397 445.0397 445.0397 445.0397 445.0397 445.0397 445.0397 445.0397 CLOSING BANK BALANCE 19,808.72 180,268,359.43 37,057,004.99 51,682,834.19 - 133,460,009.47 162,232,800.87 564,720,817.68 (NGN) - Equivalent Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 23 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SLOGOR USES OF FUND (BUDGET, ACTUAL AND VARIANCE) CURRENT YEAR PROJECT LIFE BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE NPCU COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation Internal and External Audit Support Functional Control in Public Finances Budget Reforms Reform of the State Tax Authority Public Procurement Reform COMPONENT B (Support to Local Governance) Support to Local Governance COMPONENT C - - - (Project Coordination) Federal Level Project Coordination 31,546,491 (31,546,491) 610,910,023 (610,910,023) Sub Total 31,546,491 (31,546,491) - 610,910,023 (610,910,023) - ANAMBRA STATE COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - 37,815,363 (37,815,363) 821,249,388 46,087,567 775,161,821 Internal and External Audit 1,749,452 (1,749,452) 58,718,000 187,653,051 (128,935,051) Support Functional Control in Public Finances 100,000 (100,000) 1,196,835,000 204,837,493 991,997,507 Budget Reforms - - 272,510,400 356,876,865 (84,366,465) Reform of the State Tax Authority - - 133,972,500 305,857,615 (171,885,115) Public Procurement Reform - - 5,780,000 61,273,580 (55,493,580) COMPONENT B (Support - - to Local Governance) Support to Local Governance - - 9,765,000 18,713,914 (8,948,914) COMPONENT C - - (Project Coordination) Project Management and Coordination at State - 2,181,010 (2,181,010) 111,832,976 621,743,065 (509,910,089) level: Sub Total 41,845,824 (41,845,824) 2,610,663,264 1,803,043,151 807,620,113 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 24 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE CROSS RIVER COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 123,614,280 11,998,750 111,615,530 Internal and External Audit - - 745,240,264 132,875,644 612,364,620 Support Functional Control in Public Finances 137,196,654 (137,196,654) 2,730,947,952 1,652,581,486 1,078,366,465 Budget Reforms - - 205,755,204 67,218,289 138,536,915 Reform of the State Tax Authority - - 296,974,232 159,557,474 137,416,758 Public Procurement Reform - - 119,768,708 235,463,665 (115,694,957) COMPONENT B (Support - - to Local Governance) Support Studies on Potential Areas of Devolution - - - - 20,212,500 (20,212,500) Functions Develop Road Map for Devolution of Authority by 13,020,000 13,020,000 the States Provide Training of Trainers Courses 9,625,000 9,625,000 COMPONENT C - - (Project Coordination) Project Management and Coordination at State 5,958,156 (5,958,156) 180,638,553 390,925,381 (210,286,828) level: Sub Total 143,154,809 (143,154,809) 4,425,584,193 2,670,833,190 1,754,751,003 OSUN COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - 1,005,049,751 1,974,500 1,003,075,251 Internal and External Audit 866,000 (866,000) 216,796,231 39,732,095 177,064,136 Support Functional Control in Public Finances 140,223,419 (140,223,419) 1,962,789,478 799,225,240 1,163,564,237 Budget Reforms 257,000 (257,000) 479,071,870 126,358,942 352,712,928 Reform of the State Tax Authority - - 627,435,871 129,043,906 498,391,965 Public Procurement Reform - 212,286,848 156,484,023 55,802,824 COMPONENT B (Support - - to Local Governance) Support to Local Governance - 204,706,686 22,245,542 182,461,144 COMPONENT C - - (Project Coordination) Project Management and Coordination at State 14,639,294 (14,639,294) 1,277,233,044 799,011,141 478,221,903 level: Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 25 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE Sub Total 155,985,713 (155,985,713) 5,985,369,779 2,074,075,390 3,911,294,389 KANO COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 246,433,520 79,771,077 166,662,443 Internal and External Audit 1,941,160 (1,941,160) 739,694,669 72,375,948 667,318,721 Support Functional Control in Public Finances 293,653,533 (293,653,533) 3,440,993,657 1,267,049,112 2,173,944,545 Budget Reforms - - 322,773,451 70,978,597 251,794,854 Reform of the State Tax Authority - - 365,464,548 89,324,002 276,140,546 Public Procurement Reform - - 248,316,666 140,000 248,176,666 COMPONENT B (Support - - to Local Governance) Support to Local Governance - - 129,786,455 6,235,288 123,551,166 COMPONENT C - - (Project Coordination) Project Management and Coordination at State 27,463,066 (27,463,066) 1,425,827,667 1,076,805,430 349,022,237 level: Sub Total - 323,057,758 (323,057,758) 6,919,290,634 2,662,679,456 4,256,611,178 JIGAWA COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 155,605,978 89,645,650 65,960,328 Internal and External Audit - - 299,755,417 142,989,217 156,766,200 Support Functional Control in Public Finances 158,209,934 (158,209,934) 2,834,047,681 840,155,291 1,993,892,390 Budget Reforms 7,721,000 (7,721,000) 295,243,938 141,000,956 154,242,982 Reform of the State Tax Authority - - 529,079,406 345,255,643 183,823,763 Public Procurement Reform - - 201,914,420 94,600,494 107,313,926 COMPONENT B - - - (Support to Local Governance) Support to Local Governance 19,481,095 (19,481,095) 121,822,157 97,190,188 24,631,968 COMPONENT C - - - (Project Coordination) Project Management and Coordination at State 8,326,190 (8,326,190) 280,813,056 386,977,958 280,813,056 level: Sub Total - 193,738,219 (193,738,219) 4,718,282,053 2,137,815,397 2,967,444,614 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 26 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE YOBE COMPONENT A (Public Financial Management Reforms) Public Finance Management Legislation - - 4,507,915,273 433,979,311 4,073,935,962 Internal and External Audit - - 1,958,221,022 687,242,514 1,270,978,508 Support Functional Control in Public Finances 143,325,649 (143,325,649) - - - Budget Reforms - - - - - Reform of the State Tax Authority - - - - - Public Procurement Reform - - - - - COMPONENT B (Support - - - - - to Local Governance) Support to Local Governance - - - 41,920,000 126,254,806 (84,334,806) COMPONENT C - - - - - (Project Coordination) Project Management and Coordination at State - 5,187,766 (5,187,766) 494,119,034 402,537,390 91,581,644 level: Sub Total - 148,513,415 (148,513,415) 7,002,175,329 1,650,014,022 5,352,161,308 TOTAL - 995,996,406 (995,996,406) 29,050,701,988 11,806,327,478 17,631,352,469 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 27 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SCHEDULE OF ASSETS PURCHASED WITH PROJECT FUNDS SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS NPCU ABUJA 1 Fire Proof Cabinets 2 Fastrack Investment Company Ltd. 14/07/2015 440,000 880,000 GBC Comb model comb bind C250 Spiral 2 1 ,, 14/07/2015 150,000 150,000 Binding Machine 3 TFI6 Flipchart Eurochart 1 ,, 14/07/2015 345,000 345,000 4 Dx102 Sony 3LCD Projector 1 ,, 14/07/2015 1,550,000 1,550,000 5 Lock curtyain beads Projector Screen 1 ,, 14/07/2015 1,400,000 1,400,000 6 CO2 Fire Extinguisher (5kg) 3 ,, 14/07/2015 101,666 304,998 HR 175B single door Haier Thermocool 7 1 ,, 14/07/2015 295,000 295,000 Refrigerator 8 P180 Rexel shredding machine 1 ,, 14/07/2015 155,000 155,000 9 DC210 Canon Mini DVD Camcorder 1 ,, 14/07/2015 470,000 470,000 Sub-Total 5,549,998 10 TOYOTA LAND CRUISER PRADO JEEP 1 GOSHEN MOTORS NIGERIA LTD 09/07/2016 22,900,000 22,900,000 11 SHARP PHOTOCOPIER M263/M264 2 JAMEC WEST AFRICA LTD 14/09/2016 6,996,850 13,993,700 12 HP PRINTER M603/M604/M605 2 ,, 14/09/2016 992,640 1,985,280 13 KASPASKY ANTI VIRUS 9 ,, 14/09/2016 39,800 358,200 14 HP LAPTOP COMPUTER P350/P250 9 ,, 14/09/2016 399,780 3,598,020 15 LAPTOP BAGS (LEATHER) 9 ,, 14/09/2016 18,500 166,500 In Good 16 MICROSOFT OFFICE PRO 2013 9 ,, 14/09/2016 180,400 1,623,600 Condition 17 HP 5590 SCANNER 3 ,, 14/09/2016 298,100 894,300 18 APC UPS 1.5 VA 2 ,, 14/09/2016 298,800 597,600 19 LG EXTERNAL HARD DRIVE 9 ,, 14/09/2016 52,000 468,000 20 4GB FLASH DRIVE 9 ,, 14/09/2016 7,800 70,200 Sub-Total 46,655,400 21 Furniture and Fittings Fazsal Nigeria Ltd 13/11/2017 10,839,150 Sub-Total 10,839,150 22 Project vehicle 1 2018 27,783,000 27,783,000 23 UPS 1 2018 280,000 280,000 24 UPS 1 2018 280,000 280,000 25 UPS 1 2018 280,000 280,000 26 Air Conditioners 2 2018 600,000 1,200,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 28 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 27 Air Conditioners 1 2018 300,000 300,000 Sub-Total 30,123,000 GRAND TOTAL 93,167,548 SPCU ANAMBRA 1 Hp Printer(coloured vision) 1 Maxplus Integrated Serv. Ltd 12/06/2015 2 Hp Desktop Computer 29 ,, 12/06/2015 3 Sharp Photocopying Machine 3 ,, 12/06/2015 4 Stabilizer-2000KVA 15 ,, 12/06/2015 10,580,625 5 Stabilizer-5000KVA 2 RJTrained Technical Solution 12/06/2015 6 Scannrer 10 Lexcall Nig. Ltd 12/06/2015 7 Ups 17 Philavision Technologies Nig. Ltd 12/06/2015 8 PROCUREMNT OF 20 KVA GEN. SET 2 ,, 29/12/2015 5,467,500 9 Office Chairs 20 ,, 29/12/2015 10 Swivel Chairs 5 ,, 29/12/2015 743,625 11 Tables with 3 drawers 2 ,, 29/12/2015 12 Bookshelves 4 ,, 29/12/2015 13 PROCUREMENT 4X4 VEHICLES 3 Globe Motors Holdings Nig Ltd 30/04/2015 22,209,000 14 PROCUREMENT OF BUS VEHICLE 1 Kojo Motors Ltd 09/07/2015 7,255,981 15 Refrigerator 3 Philavision Technologies Nig. Ltd 29/12/2015 16 Steel Cabinet 7 ,, 29/12/2015 17 Metal Treasury Safe 1 ,, 29/12/2015 18 Television Plus Hanger 3 ,, 29/12/2015 19 Air Conditioner 3 ,, 29/12/2015 20 Water Dispensers 3 ,, 29/12/2015 21 Surge Protectors 3 ,, 29/12/2015 22 Digital Video Camera 1 ,, 29/12/2015 2, 887,655.63 23 Still Camera 1 ,, 29/12/2015 24 Projector 1 ,, 29/12/2015 25 Screen 1 ,, 29/12/2015 26 External HardDrive 2 ,, 29/12/2015 27 Flip Charts Stand 1 ,, 29/12/2015 28 Internet Equipment 3 ,, 29/12/2015 29 Satellite Equipment 1 ,, 29/12/2015 Sub-Total 46,256,731 30 Toyota Hilux 4WD Double Cabin Pick-up 4 Kojo Motors Ltd 09/08/2016 11,413,125 45,652,500 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 29 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 31 Surge Protectors 12 Maxplus Integrated Serv. Ltd 11/08/2016 15,000 180,000 32 Air Conditioner 8 ,, 11/08/2016 168,000 1,344,000 33 Flip Charts Stand 2 ,, 11/08/2016 45,000 90,000 34 Refrigerator 9 ,, 11/08/2016 80,000 720,000 35 Water Dispensers 4 ,, 11/08/2016 40,000 160,000 36 Steel Cabinet 6 ,, 11/08/2016 50,000 300,000 37 Electronic Steel - Safe 4 ,, 11/08/2016 264,000 1,056,000 38 White board with stand 2 ,, 11/08/2016 40,000 80,000 39 Office Chairs 11 Philavision Technologies Nig. Ltd 15/09/2016 40,000 440,000 40 Standard Office Table 8 ,, 15/09/2016 50,000 400,000 41 Executive Table 1 ,, 15/09/2016 45,500 45,500 42 Executive Chair 1 ,, 15/09/2016 120,000 120,000 43 50KVA Sound Proof Generating Set 2 Tos International Ltd 30/09/2016 5,574,375 11,148,750 44 20KVA Sound Proof Generating Set 1 ,, 30/09/2016 4,297,500 4,297,500 45 Laptop Computer 1 Maxplus Integrated Serv. Ltd 13/12/2016 200,000 200,000 46 Printer (Black & White) 31 ,, 13/12/2016 78,000 2,418,000 In Good 47 Printer (Full Colour) 3 ,, 13/12/2016 114,000 342,000 SPCU Anambra Condition 48 5000KVA Stablizers 16 ,, 13/12/2016 21,000 336,000 49 2000KVA Stabilizer 18 ,, 13/12/2016 13,200 237,600 50 Scanners 13 ,, 13/12/2016 36,000 468,000 51 Ups 28 ,, 13/12/2016 28,800 806,400 52 Photocopier 17 ,, 13/12/2016 300,000 5,100,000 53 Projector and Screen 5 ,, 13/12/2016 156,000 780,000 54 Desktop Computer 72 ,, 13/12/2016 270,000 19,440,000 Sub-Total 96,162,250 55 Toyota Pick U Van 1 Globe Motors 12/01/2017 19,075,000 19,075,000 56 Toyota Pick U Van 1 Globe Motors 12/01/2017 19,075,000 19,075,000 57 Toyota Pick U Van 1 Globe Motors 20/03/2017 19,075,000 19,075,000 58 Hyundai Bus 1 Globe Motors 31/03/2017 19,761,905 19,761,905 59 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 60 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 61 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 62 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 63 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 64 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 65 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 66 Toyota Hiace Bus 1 Globe Motors 11/05/2017 16,600,000 16,600,000 67 ICT Equipment TICON TECH 14/06/2017 47,945,625 68 40 KVA Generating Set 1 CITIBUL LTD 09/08/2017 8,321,565 8,321,565 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 30 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 69 3 Nos Vehicles 3 Massillia Motors 09/08/2017 13,533,333 40,600,000 70 3 Nos Vehicles 3 Massillia Motors 09/08/2017 13,533,333 40,600,000 71 3 Nos Vehicles 1 Massillia Motors 09/08/2017 15,200,000 15,200,000 72 60 KVA Generator 1 CITIBUL LTD 28/09/2017 9,198,315 9,198,315 73 12 Units of 16 Seater Buses 12 Kojo Motors 17/07/2017 28,964,453 347,573,432 Sub-Total 719,225,844 GLOBE MOTORS LTD. 637 AKIN 74 4x4 SUV 1 20/03/2019 55,047,500 55,047,500 ADESOLA STREET, LAGOS KOJO MOTORS LTD. 59 RASAQ BALAGOUN STREET, WESTERN 75 16 SEATER TOYOTA HIACE BUS 1 22/03/2019 23,913,262 23,913,262 AVENUE, SURULERE, LAGOS STATE PACENT TECHNOLOGIES LTD. NO LAPTOP COMPUTERS WITH 76 42 1 CHIEF OBI OKOLI AVENUE 2019 375,000 15,750,000 ACCESSORIES AWKA, ANAMBRA STATE PACENT TECHNOLOGIES LTD. NO LAPTOP COMPUTERS WITH 77 1 1 CHIEF OBI OKOLI AVENUE 2019 630,000 630,000 ACCESSORIES AWKA, ANAMBRA STATE Sub-Total 95,340,762 GRAND TOTAL 956,985,587 SPCU OSUN 1 Motor Vehicle (Toyota Corolla Car) 1 Elizade Nig. Ltd 08/10/2015 8,250,000 8,250,000 2 Motor Vehicle (Toyota Hilux 4WD) 1 ,, 08/10/2015 7,650,000 7,650,000 3 Motor Vehicle (Toyota Hilux 4WD) 1 ,, 08/10/2015 7,650,000 7,650,000 4 Motor Vehicle (Toyota Hiace 16-SMR ACP) 1 ,, 08/10/2015 6,850,000 6,850,000 5 Motor Vehicle (Toyota Hiace 16-SMR ACP) 1 ,, 08/10/2015 6,850,000 6,850,000 6 Desktop Computer (HP 280GI/COREL3) 5 Ajax Komputers Ltd 19/10/2015 135,000 675,000 In Good 7 Desktop Computer (HP 280GI/COREL3) 1 ,, 19/10/2015 135,000 135,000 SPCU Osun Condition 8 Desktop Computer (HP 280GI/COREL3) 1 ,, 19/10/2015 135,000 135,000 9 Desktop Computer (HP 280GI/COREL3) 10 ,, 19/10/2015 135,000 1,350,000 10 Desktop Computer (HP 280GI/COREL3) 15 ,, 19/10/2015 135,000 2,025,000 11 Desktop Computer (HP 280GI/COREL3) 20 ,, 19/10/2015 135,000 2,700,000 12 Desktop Computer (HP 280GI/COREL3) 2 ,, 19/10/2015 135,000 270,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 31 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT In Good SPCU Osun Condition CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 13 Desktop Computer (HP 280GI/COREL3) 2 ,, 19/10/2015 135,000 270,000 14 Laptop Computer (HP Envy Laptop Corel 5) 4 ,, 19/10/2015 160,000 640,000 Sub-Total 45,450,000 15 2mte imported Executive Table 2 Laddans Company 01/04/2016 135,000 270,000 16 Standard ExecutiveChair 2 Laddans Company 01/04/2016 140,000 280,000 17 Fire Proof safe with nuber security & keys 1 Laddans Company 01/04/2016 229,997 229,997 18 Small size 4ft Secretary Table 1 Laddans Company 01/04/2016 35,000 35,000 Imported quality Leather visitors chair crome 19 18 Laddans Company 01/04/2016 15,000 270,000 frame with arm Fire Proof safe cabine New GUBABI German 20 1 Laddans Company 01/04/2016 310,000 310,000 Security with cabinet castor wheel 1.8mte imported design office table with 21 mobile drawers & attached side extention 10 Laddans Company 01/04/2016 120,000 1,200,000 desk Medium size office tables double Side 22 13 Laddans Company 01/04/2016 40,000 520,000 drawers with key 23 Medium Executive leather visitors chair 8 Laddans Company 01/04/2016 45,000 360,000 24 Modern computer workstation 4 users 2 Laddans Company 01/04/2016 120,000 240,000 25 Quality computer operation chair 8 Laddans Company 01/04/2016 20,000 160,000 Mini Executive swivel chair with hydrolic 26 13 Laddans Company 01/04/2016 40,000 520,000 system Executive Chair-medium back swivel chair 27 12 Laddans Company 01/04/2016 110,000 1,320,000 hydrolic base Medium Executive visitors chair metal frame 28 14 Laddans Company 01/04/2016 30,000 420,000 with arms (Quality Leader) 29 Imported Cabinet wiyh 4 drawers 1 Laddans Company 01/04/2016 40,000 40,000 Table with attachment 'C-Top design with In Good 30 4 Laddans Company 01/04/2016 100,000 400,000 drawer and Computer desk extention SPCU Osun Condition 31 3ft by 14ft Conference for VIP 1 Laddans Company 01/04/2016 287,500 287,500 32 Executive Chair (for VIP) with wooden leg 7 Laddans Company 01/04/2016 78,500 549,500 Computer Table with Chair (small size) 118 33 1 Laddans Company 01/04/2016 50,000 50,000 model 34 16ft by 3 ft Conference Table 2 Laddans Company 01/04/2016 265,000 530,000 35 10ft by 3 ft Conference Table 2 Laddans Company 01/04/2016 255,000 510,000 36 Medium size metal frame conference chair 30 Laddans Company 01/04/2016 42,000 1,260,000 37 Reading Lectern 1 Laddans Company 01/04/2016 47,500 47,500 38 Network printer HP Laserjet M605DN 7 RLM Consulting Engineers Ltd 22/02/16 340,000 2,380,000 39 Desk PrinterLaserjet P2035 17 ,, 22/02/16 61,250 1,041,250 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 32 In Good SPCU Osun Condition STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 40 Copier Sharp AR6020 6 ,, 22/02/16 216,000 1,296,000 41 HP Scanner Machine 9 ,, 22/02/16 88,400 795,600 42 Coloured Printer HP Laserjet PRO M252DW 2 ,, 22/02/16 72,000 144,000 43 Projector EPSON 3200 LUNENS 2 ,, 22/02/16 117,000 234,000 44 Projector Screen 2 ,, 22/02/16 71,500 143,000 45 Video Camera SDR-H100 1 ,, 22/02/16 129,675 129,675 46 Air Conditioner standing/5HP/swinging 1 ,, 22/02/16 468,000 468,000 47 Medium Refridgerator 1 ,, 22/02/16 104,000 104,000 48 ELEPAQ 13 HP, 10-5KV , 25 LTS Generator 1 ,, 22/02/16 225,000 225,000 49 Toshiba External Hard Drive 3 ,, 22/02/16 20,800 62,400 50 Microsoft Office 2010 11 ,, 22/02/16 87,501 962,509 51 PDF/A crobat 1 ,, 22/02/16 78,000 78,000 Sub-Total 17,872,931 52 Toyota Hilux Pick-Up (4x4) 1 ELIZADE NIGERIA LTD 24/02/2017 17,115,000 17,115,000 53 Toyota Hilux Pick-Up (4x4) 2 ,, ,, 17,745,000 35,490,000 54 Toyota Hilux Pick-Up (4x4) 2 ,, ,, 17,745,000 35,490,000 55 Toyota Hilux Pick-Up (4x4) 1 ,, ,, 17,115,000 17,115,000 56 Toyota Hiace (16 Passengers) Bus 2 ,, ,, 19,950,000 39,900,000 57 Toyota Hiace (16 Passengers) Bus 1 ,, ,, 19,950,000 19,950,000 58 Toyota Hiace (16 Passengers) Bus 1 ,, ,, 19,950,000 19,950,000 59 Toyota Hiace (16 Passengers) Bus 1 ,, ,, 19,950,000 19,950,000 60 Toyota Hiace (16 Passengers) Bus 1 ,, ,, 19,950,000 19,950,000 61 Toyota Hiace (16 Passengers) Bus 1 ,, ,, 19,950,000 19,950,000 62 Toyota Coaster Bus 1 ,, ,, 39,165,000 39,165,000 Executive “2mtre” imported designed office ARTDECO INTERIOR & 63 table with mobile drawer and attached side 2 24/04/2017 143,000 286,000 FURNITURE LTD ext. Desk. 64 Medium Executive High back Chair. 6 ,, ,, 44,000 264,000 Medium size Office 5ft Tables Double-Side 65 6 ,, ,, 44,000 264,000 Drawer with key-imported type 5ft Table with attachment. “C-TOP” design 66 with drawer and computer desk extension. 8 ,, ,, 82,500 660,000 Imported one 67 Computer table (Small size) 118 model 8 ,, ,, 16,500 132,000 68 Computer Chair(601) 8 ,, ,, 15,400 123,200 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 33 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS An Executive Chair (Std Executive Office 69 swivel Chair (quality leather) with hydraulic 2 ,, ,, 101,200 202,400 mechanism and pin side button Executive Chair – Medium back swivel chair 70 6 ,, ,, 44,000 264,000 with hydraulic base Mini Executive Swivel Chair with hydraulic 71 6 ,, ,, 35,420 212,520 mechanism 72 Executive Chairs (for VIP) with wooden leg 6 ,, ,, 59,400 356,400 Medium Executive Visitor’s chair Metal frame 73 4 ,, ,, 33,000 132,000 with arms (Quality leather) Visitors Chairs (Quality leather imported), 74 12 ,, ,, 16,500 198,000 Crone Frame with arms 75 Imported Cabinet with 4 drawers 8 ,, ,, 49,500 396,000 76 3 leather visitors’ chairs 4 ,, ,, 44,000 176,000 77 Reading Lectern(wooden) 1 ,, ,, 104,500 104,500 Fire Proof save (Gubabi)with numbers, 78 1 ,, ,, 275,000 275,000 security system and keys Fire Proof cabinet (New GUBABI) German 79 Security with cabinet castor wheel individual 2 ,, ,, 440,000 880,000 safe, keys and Numbering Mechanism 80 Suit Hangers (wooden) 8 ,, ,, 27,500 220,000 81 Glass-top coffee Centre table (Oval) 2 ,, ,, 44,000 88,000 82 3-door Book shelves (120x36 x206cm) 1 ,, ,, 82,500 82,500 83 2 – door Book shelves (80x36x206cm) 4 ,, ,, 71,500 286,000 84 Visitor’s Chairs (three seater airport set) 6 ,, ,, 38,500 231,000 Full Upholstery Complete Set (Leather) 85 7 ,, ,, 220,000 1,540,000 (Local) Senior Executive swivel chair with hydraulic 86 1 ,, ,, 101,200 101,200 mechanism ‘1.8’ Meter Executive imported table with 87 1 ,, ,, 121,000 121,000 mobile drawers and attached extension 88 Metal (Copier) stand 1 ,, ,, 19,800 19,800 89 Modern wooden centre table (Local) 1 ,, ,, 27,500 27,500 90 4 side stools 4 ,, ,, 13,200 52,800 91 Computer table( Small size) 118 model 1 ,, ,, 16,500 16,500 92 Computer Chair(601 1 ,, ,, 15,400 15,400 93 Coat Rack 1 ,, ,, 27,500 27,500 94 ‘1.6’ Imported tables 4 ,, ,, 110,000 440,000 95 Mini executive swivel chairs with wooden legs 4 ,, ,, 55,000 220,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 34 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 96 ‘Curly-frame’ chrome ‘leather’ visitor’s chair 8 ,, ,, 15,400 123,200 Sets of ‘5 seater’ (medium) quality leather 97 settee with modern wooden centre table and 2 4 ,, ,, 247,500 990,000 side stools 98 Wooden coat racks 4 ,, ,, 27,500 110,000 Senior Executive modern file 99 4 ,, ,, 82,500 330,000 shelves(imported) units of ‘5ft’ (mini) executive tables with single 100 5 ,, ,, 71,500 357,500 drawer and side extensions 101 Non-swivel (imported) chairs with arms 5 ,, ,, 16,500 82,500 102 curly-frame visitor chairs 10 ,, ,, 15,400 154,000 sets of ‘5 seater’ quality leather mini settee 103 5 ,, ,, 225,500 1,127,500 with 1 wooden centre table and 2 side stools 104 ‘4ft’ clerical tables 6 ,, ,, 31,350 188,100 105 ‘curly-frame’ chairs 6 ,, ,, 15,400 92,400 106 30 ‘curly-frame’ chairs for Conference Hall 30 ,, ,, 15,400 462,000 1 ’30 seater’ capacity modern conference 107 1 ,, ,, 319,000 319,000 table (local) 108 Modern Computer workstations (10 users) 2 ,, ,, 209,000 418,000 1.8’ Meter Executive imported table with 109 1 ,, ,, 121,000 121,000 mobile drawers and attached extension Senior Executive swivel chair with hydraulic 110 4 ,, ,, 101,200 404,800 mechanism 111 1 ’8 seater’ capacity modern conference table 1 ,, ,, 82,500 82,500 112 ‘Curly-frame’ chairs for Conference Hall 8 ,, ,, 15,400 123,200 File Cabinet (Strong metal with 4 drawer and 113 central lock & key mechanism-standard 6 ,, ,, 49,500 297,000 product. 114 3 - Door Book Shelves (120X36X206cm) 2 ,, ,, 82,500 165,000 ‘1.8’ Meter Executive imported table with 115 15 ,, ,, 121,000 1,815,000 mobile drawers and attached extension Senior Executive swivel chair with hydraulic 116 15 ,, ,, 101,200 1,518,000 mechanism Mini Executive Swivel Chair with hydraulic 117 48 ,, ,, 33,000 1,584,000 mechanism Medium size Office 5ft Tables Double-Side 118 48 ,, ,, 44,000 2,112,000 Drawer with key-imported type Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 35 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 1 ’40 seater’ capacity modern conference 119 1 ,, ,, 429,000 429,000 table 120 40 ‘curly-frame’ chairs for Conference Hall 40 ,, ,, 15,400 616,000 Executive Tables (2 meter imported designed 121 office table with mobile drawer attached side 10 ,, ,, 1,430,000 extra desk) Executive Chairs (Std. Executive Office swivel 122 chair (quality leather) with hydraulic 10 ,, ,, 1,133,000 mechanism and pin side button Secretary table with attachment. “ C – TOP” 123 design with drawer and Computer desk 1 ,, ,, 82,500 extension. Imported one. 124 Secretary’s Chair( 309 model fabric chair) 1 ,, ,, 38,500 125 Chairs for student Hall(banquch chairs ``) 500 ,, ,, 4,400,000 126 Chairs for Student Library (4 leg with Hand) 60 ,, ,, 990,000 Two face iron Book shelves(6 1/2 by 3ft, tray 127 10 ,, ,, 1,100,000 6) 128 Reading table(6 1/2ft) with cubicle 15 ,, ,, 742,500 129 Chairs for Computer room(4 leg with Hand) 50 ,, ,, 715,000 130 Tables for Computer room with cubicles 50 ,, ,, 825,000 DIGITAL COMMUNICATION 131 HP Laser Printer (Pro M4020NE) 1 12/07/2017 110,000 110,000 KONSULTS NIG LTD. 132 Split Air Conditioners (5 HP) 2 ,, ,, 165,500 331,000 133 Computer System (Desk Top HP 280 G2) 2 ,, ,, 312,500 625,000 134 Stabilizer (2000 WT) 5 ,, ,, 18,000 90,000 135 Stabilizer (5000 WT) 2 ,, ,, 32,000 64,000 136 UPS (Bluegate 650K) 2 ,, ,, 14,500 29,000 137 Power Surge Protector (APC/Mercury) 5 ,, ,, 6,500 32,500 138 P A SYSTEM 1 ,, ,, 234,500 234,500 139 HP Laser Printer (Pro M4020NE) 20 ,, ,, 110,000 2,200,000 140 Photocopier (R6020 Sharp) 2 ,, ,, 314,500 629,000 141 Scanner (Scanjet 200) 4 ,, ,, 38,750 155,000 142 Projector (EPSON S27 SVGA Serves) 1 ,, ,, 260,000 260,000 143 Projector Screen 1 ,, ,, 55,000 55,000 144 Split Air Conditioners (5 HP) 15 ,, ,, 165,500 2,482,500 145 Computer System (Desk Top HP 280 G2) 20 ,, ,, 312,500 6,250,000 146 Stabilizer (2000 WT) 20 ,, ,, 18,000 360,000 147 Stabilizer (5000 WT) 15 ,, ,, 32,000 480,000 148 UPS (Bluegate 650K) 20 ,, ,, 14,500 290,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 36 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 149 Power Surge Protector (APC/Mercury) 20 ,, ,, 6,500 130,000 150 LAPTOP Computer (HP ProBook 450) 2 ,, ,, 325,000 650,000 151 HP Laser Printer (Pro M4020NE) 30 ,, ,, 110,000 3,300,000 152 Split Air Conditioners (5 HP) 15 ,, ,, 165,500 2,482,500 153 Computer System (Desk Top HP 280 G2) 30 ,, ,, 312,500 9,375,000 154 Stabilizer (2000 WT) 30 ,, ,, 18,000 540,000 155 Stabilizer (5000 WT) 15 ,, ,, 32,000 480,000 156 UPS (Bluegate 650K) 30 ,, ,, 14,500 435,000 157 Power Surge Protector (APC/Mercury) 30 ,, ,, 6,500 195,000 158 P A SYSTEM 5 ,, ,, 234,500 1,172,500 159 HP Laser Printer (Pro M4020NE) 5 ,, ,, 110,000 550,000 160 Split Air Conditioners (5 HP) 5 ,, ,, 165,500 827,500 161 Computer System (Desk Top HP 280 G2) 5 ,, ,, 312,500 1,562,500 162 Stabilizer (2000 WT) 5 ,, ,, 18,000 90,000 163 Stabilizer (5000 WT) 5 ,, ,, 32,000 160,000 164 UPS (Bluegate 650K) 5 ,, ,, 14,500 72,500 165 Power Surge Protector (APC/Mercury) 10 ,, ,, 6,500 65,000 166 LAPTOP Computer (HP ProBook 450) 5 ,, ,, 325,000 1,625,000 167 HP Laser Printer (Pro M4020NE) 5 ,, ,, 110,000 550,000 168 Split Air Conditioners (5 HP) 5 ,, ,, 165,500 827,500 169 Computer System (Desk Top HP 280 G2) 5 ,, ,, 312,500 1,562,500 170 Stabilizer (2000 WT) 5 ,, ,, 18,000 90,000 171 Stabilizer (5000 WT) 5 ,, ,, 32,000 160,000 172 UPS (Bluegate 650K) 5 ,, ,, 14,500 72,500 173 Power Surge Protector (APC/Mercury) 10 ,, ,, 6,500 65,000 174 LAPTOP Computer (HP ProBook 450) 5 ,, ,, 325,000 1,625,000 175 Photocopier (R6020 Sharp) 2 ,, ,, 314,500 629,000 176 HP Laser Printer (Pro M4020NE) 15 ,, ,, 110,000 1,650,000 177 Split Air Conditioners (5 HP) 10 ,, ,, 165,500 1,655,000 178 Computer System (Desk Top HP 280 G2) 15 ,, ,, 312,500 4,687,500 179 Stabilizer (2000 WT) 15 ,, ,, 18,000 270,000 180 Stabilizer (5000 WT) 10 ,, ,, 32,000 320,000 181 UPS (Bluegate 650K) 15 ,, ,, 14,500 217,500 182 Power Surge Protector (APC/Mercury) 15 ,, ,, 6,500 97,500 183 P A SYSTEM 2 ,, ,, 234,500 469,000 In Good 184 P A SYSTEM 1 ,, ,, 234,500 234,500 SPCU Osun Condition 185 Power Surge Protector (APC/Mercury) 1 ,, ,, 6,500 6,500 186 HP Laser Printer (Pro M4020NE) 1 ,, ,, 110,000 110,000 187 Split Air Conditioners (5 HP) 4 ,, ,, 165,500 662,000 188 Computer System (Desk Top HP 280 G2) 3 ,, ,, 312,500 937,500 189 Stabilizer (2000 WT) 3 ,, ,, 18,000 54,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 37 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT In Good SPCU Osun Condition CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 190 Stabilizer (5000 WT) 4 ,, ,, 32,000 128,000 191 UPS (Bluegate 650K) 3 ,, ,, 14,500 43,500 192 Power Surge Protector (APC/Mercury) 3 ,, ,, 6,500 19,500 193 Split Air Conditioners (5 HP) 1 ,, ,, 165,500 165,500 194 Stabilizer (5000 WT) 2 ,, ,, 32,000 64,000 195 HP Laser Printer (Pro M4020NE) 2 ,, ,, 110,000 220,000 196 Computer System (Desk Top HP 280 G2) 4 ,, ,, 312,500 1,250,000 197 Stabilizer (2000 WT) 4 ,, ,, 18,000 72,000 198 UPS (Bluegate 650K) 4 ,, ,, 14,500 58,000 199 Power Surge Protector (APC/Mercury) 4 ,, ,, 6,500 26,000 200 HP Laser Printer (Pro M4020NE) 2 ,, ,, 110,000 220,000 201 Computer System (Desk Top HP 280 G2) 5 ,, ,, 312,500 1,562,500 202 Stabilizer (2000 WT) 5 ,, ,, 18,000 90,000 203 UPS (Bluegate 650K) 5 ,, ,, 14,500 72,500 204 Power Surge Protector (APC/Mercury) 5 ,, ,, 6,500 32,500 205 HP Laser Printer (Pro M4020NE) 2 ,, ,, 110,000 220,000 206 Computer System (Desk Top HP 280 G2) 2 ,, ,, 312,500 625,000 207 Stabilizer (2000 WT) 2 ,, ,, 18,000 36,000 208 UPS (Bluegate 650K) 2 ,, ,, 14,500 29,000 209 Power Surge Protector (APC/Mercury) 2 ,, ,, 6,500 13,000 210 HP Laser Printer (Pro M4020NE) 28 ,, ,, 110,000 3,080,000 211 Split Air Conditioners (5 HP) 5 ,, ,, 165,500 827,500 212 Computer System (Desk Top HP 280 G2) 31 ,, ,, 312,500 9,687,500 213 Stabilizer (2000 WT) 28 ,, ,, 18,000 504,000 214 Stabilizer (5000 WT) 4 ,, ,, 32,000 128,000 215 UPS (Bluegate 650K) 31 ,, ,, 14,500 449,500 216 Power Surge Protector (APC/Mercury) 10 ,, ,, 6,500 65,000 217 P A SYSTEM 2 ,, ,, 234,500 469,000 Sub-Total 393,418,420 Sets of' 5 seater' High Quality Leather Settee 218 2 Vent B Int'l Company 2018 500,000 1,000,000 with Modern Glass Centre Table. Executive “2mtre” imported designed office 219 table with Four mobile drawer and attached 6 Vent B Int'l Company 2018 250,000 1,500,000 side ext. Desk. Medium size Executive Visitors' Chair with 220 4 Vent B Int'l Company 2018 60,000 240,000 Metal Frame and Leather Covered Arms. Senior Executive Chair – Italian Medium back 221 9 Vent B Int'l Company 2018 180,000 1,620,000 swivel chair with Hydraulic Mechanism Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 38 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS Executive Office swivel imported chair (High 222 Back Quality Leather) with hydraulic 7 Vent B Int'l Company 2018 150,000 1,050,000 Mechanism and pin side button. ‘1.8’ Meter Executive imported table with 223 7 Vent B Int'l Company 2018 210,000 1,470,000 mobile drawers and attached extension ‘1.6’ Imported Executive Tables with Four 224 13 Vent B Int'l Company 2018 180,000 2,340,000 Drawers & Extension. One '30 seater' capacity modern conference 225 1 Vent B Int'l Company 2018 750,000 750,000 table with micro-phone holes. High back 'curly-frame' chrome Quality 226 16 Vent B Int'l Company 2018 60,000 960,000 'leather' visitor's chair Full Upholstery Complete Set (Leather) - 9 227 3 Vent B Int'l Company 2018 530,000 1,590,000 seaters with centre table. 228 3-Door Book Shelves (120x36x206cm) 7 Vent B Int'l Company 2018 220,000 1,540,000 229 Computer Table (Small size) 1 Vent B Int'l Company 2018 35,000 35,000 230 Medium Back Computer Chair 2 Vent B Int'l Company 2018 80,000 160,000 231 Coast Rack 15 Vent B Int'l Company 2018 35,000 525,000 Leather covered visitor's chairs (three seater 232 6 Vent B Int'l Company 2018 45,000 270,000 airport set) 233 Fireproof save (Gubabi) 1 Vent B Int'l Company 2018 400,000 400,000 234 4 Drawers File Cabinet (Steel) 33 Vent B Int'l Company 2018 100,000 3,300,000 ITC Audio Public Address Conference Table 235 1 Vent B Int'l Company 2018 750,000 750,000 for 30 users High Back Imported adjustable handle Mess 236 30 Vent B Int'l Company 2018 80,000 2,400,000 chairs Plastic Pull Cord Operated Window Curtain 237 5 Vent B Int'l Company 2018 92,000 460,000 (Big) Plastic Pull Cord Operated Window Curtain 238 3 Vent B Int'l Company 2018 70,000 210,000 (Small) Fabric Pull Cord Operated Window Curtain 239 10 Vent B Int'l Company 2018 140,000 1,400,000 (Big) Fabric Pull Cord Operated Window Curtain 240 3 Vent B Int'l Company 2018 65,000 195,000 (Small) 241 4ft' clerical tables 30 Vent B Int'l Company 2018 35,000 1,050,000 242 3 in 1 original leather visitor chairs 3 Vent B Int'l Company 2018 45,000 135,000 243 4 sides glass stools 4 Vent B Int'l Company 2018 35,000 140,000 Mini Executive swivel imported chairs with 244 8 Vent B Int'l Company 2018 120,000 960,000 wooden legs. Senior Executive Imported swivel Quality 245 2 Vent B Int'l Company 2018 150,000 300,000 Leather chair with hydraulic mechanism Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 39 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 246 Adjustable Imported Chair for Conference Hall 60 Vent B Int'l Company 2018 80,000 4,800,000 Medium Back High Quality Leather 'CURLY- 247 30 Vent B Int'l Company 2018 60,000 1,800,000 FRAME' Chairs. 248 Metal Photocopier stand 1 Vent B Int'l Company 2018 70,000 70,000 249 Modern Glass Central Table 1 Vent B Int'l Company 2018 45,000 45,000 250 Medium Size Table for Office use 1 Vent B Int'l Company 2018 25,000 25,000 251 Mini Executive Imported High Quality Chairs 8 Vent B Int'l Company 2018 150,000 1,200,000 30 seater' capacity modern conference table 252 1 Vent B Int'l Company 2018 750,000 750,000 with microphone hole. Computer Work Station each with Cubicle ( 1 253 1 Vent B Int'l Company 2018 1,500,000 1,500,000 unit of 20 users workstation) 254 Office swivel chairs: Rotating 20 Vent B Int'l Company 2018 140,000 2,800,000 Computer Work Station with Cubicle (1 unit of 255 1 Vent B Int'l Company 2018 510,000 510,000 8 Unit users workstation) 256 Imported Supervisor Workstation 1 Vent B Int'l Company 2018 120,000 120,000 Imported Mini Conference Table with Three 257 1 Vent B Int'l Company 2018 550,000 550,000 Drawers & Extension. Multi-Application Biometric enabled Android 258 1000 Chams Plc 2018 91,200 91,200,000 based hand held device. Dash Board System that include Core 5 259 Workstation and 32" Flat screen LG TVs with 5 Chams Plc 2018 500,000 2,500,000 HDMI Cables. Front end T & A and Biometric Enrollment 260 1000 Chams Plc 2018 10,000 10,000,000 Application and License 261 Backend Application License 1 Chams Plc 2018 10,000,000 10,000,000 One Year Cloud Hosting (HP ProLiant DL380 G9 2U Rack Server- Intel Xeon E5-2667 v4 262 1 Chams Plc 2018 3,500,000 3,500,000 Octo-core(8 Core) 3.20 Ghz RAM, 4TB HD Storage) SIM for different Telecoms (1000 MTN while 263 1000 SIMs shall be distributed between GLO, 2000 Chams Plc 2018 150 300,000 Etisalat & Airtel) One Year Internet subscription @ N1000 Per 264 1000 Chams Plc 2018 12,000 12,000,000 month for 12 Months. Sub-Total 170,420,000 265 10kVA Pure Sine Wave Inverter 3 Novel Integrated Services Ltd 08/08/2019 1,850,000 5,550,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 40 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 266 Safepower 200AH 12V Deep Cycle Battery 24 Novel Integrated Services Ltd 08/08/2019 175,000 4,200,000 Outdoor Galvanized Iron Battery 267 3 Novel Integrated Services Ltd 08/08/2019 238,000 714,000 Rack/Housing 268 Installation Accessories 3 Novel Integrated Services Ltd 08/08/2019 285,000 855,000 269 300W Monocrystalline Solar Module 36 Novel Integrated Services Ltd 08/08/2019 95,000 3,420,000 270 Solar Panel Mounting Components 18 Novel Integrated Services Ltd 08/08/2019 45,000 810,000 271 60A MPPT Solar Charge Controller 3 Novel Integrated Services Ltd 08/08/2019 285,000 855,000 272 6sq.mm DC Solar Panel Combiner Cable 960 Novel Integrated Services Ltd 08/08/2019 160 153,600 273 25mm DC Solar Installation Cable 126 Novel Integrated Services Ltd 08/08/2019 2,400 302,400 274 Sockets, Switches & Lamp-holders, nos 30 Novel Integrated Services Ltd 08/08/2019 6,000 180,000 275 8mm AC Supply Cable Length, m 390 Novel Integrated Services Ltd 08/08/2019 1,200 468,000 276 1.5mm AC Indoor Cable Length, m 300 Novel Integrated Services Ltd 08/08/2019 180 54,000 277 2.5mm AC Indoor Cable Length, m 300 Novel Integrated Services Ltd 08/08/2019 260 78,000 278 Energy Saving LED Bulbs, nos 36 Novel Integrated Services Ltd 08/08/2019 1,500 54,000 279 Distribution Board & Electrical Accessories 3 Novel Integrated Services Ltd 08/08/2019 145,000 435,000 280 Surge Protection Unit for AC 3 Novel Integrated Services Ltd 08/08/2019 256,000 768,000 281 Cost of facilities Electrical Work. 3 Novel Integrated Services Ltd 08/08/2019 128,000 384,000 282 Cost of Inverter System Installation 3 Novel Integrated Services Ltd 08/08/2019 178,000 534,000 283 Cost of Solar Panel Installation 3 Novel Integrated Services Ltd 08/08/2019 125,000 375,000 284 VAT @ 5% 1,009,500 Sub-Total 21,199,500 285 Desktops and Ups 150 Counter House Limited 2020 286 Printers 28 ,, 2020 287 Scanner 5 ,, 2020 288 Laptopd 10 ,, 2020 289 IP Phone 33 ,, 2020 290 Stablzer 27 ,, 2020 291 Sockets 146 ,, 2020 292 Fibre 1 ,, 2020 293 POE Switch 31 ,, 2020 294 Patch Panel 17 ,, 2020 295 Racks - 9U 10 ,, 2020 296 Data Points 252 ,, 2020 297 Radio 61 ,, 2020 298 Media Converter 10 ,, 2020 299 Pattress 10 ,, 2020 300 Public Address System 1 ,, 2020 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 41 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 301 Table 20 ,, 2020 302 Chairs 41 ,, 2020 303 AC 3 ,, 2020 304 SIFMIS IP Phone 34 ,, 2020 305 Flip Chart 1 ,, 2020 306 Projector 2 ,, 2020 307 Active Network Devices 17 ,, 2020 308 Infrastructure 47 ,, 2020 309 Storage, Servers & Accessories 11 ,, 2020 Sub-Total - GRAND TOTAL 648,360,851 SPCU CROSS RIVER 1 Storage Facilities 2 Bumwils Fruithful Ventures 22/12/2015 39,500 79,000 2 Electricty Transmission Network 8 Edawils Venture Ltd 15/05/2015 21,125 169,000 3 Motor Vehicles 4 Enabros Motors Ltd 22/12/2015 8,331,125 33,324,500 4 Computers 9 Bumwils Fruithful Ventures 22/12/2015 236,889 2,132,000 5 Printers 1 ,, 22/12/2015 42,000 42,000 6 Binding Equipment 1 ,, 22/12/2015 29,000 29,000 7 Air-Conditioner 9 ,, 22/12/2015 88,222 794,000 8 Chairs 19 Cojeg Ventures Ltd 04/06/2015 182,526 3,467,995 9 File Cabinets/Cupboard 4 Cojeg Ventures Ltd 04/06/2015 69,000 276,000 10 Investment- Storage facilities 13 Bumwils Fruithful Ventures 22/12/2015 38,385 499,000 11 Investment- Electricity Transmission 2 Edawils Venture Ltd 15/05/2015 241,500 483,000 12 Investment-Power Generating set 1 Edawils Venture Ltd 15/05/2015 2,395,000 2,395,000 13 Investment-Printers 4 Bumwils Fruithful Ventures 22/12/2015 58,875 235,500 14 Investment-Scanners 2 ,, 22/12/2015 28,000 56,000 15 Investment-Photocopier 2 ,, 22/12/2015 345,000 690,000 16 Investment-Television set 1 ,, 22/12/2015 165,000 165,000 17 Investment-Radio sets 1 ,, 22/12/2015 298,000 298,000 18 Investment-Projectors 4 ,, 22/12/2015 167,000 668,000 19 Investment-Binding equipment 2 ,, 22/12/2015 45,000 89,000 20 Investment-Tables 9 Cojeg Ventures Ltd 04/06/2015 180,556 1,625,000 21 Investment-Shelves 4 Bumwils Fruithful Ventures 22/12/2015 139,000 556,000 Sub-Total 48,072,995 22 Storage Facilities 1 Chosen Heavenly 02/12/2016 77,000 77,000 23 HP Desktop Computers 4 ,, 02/12/2016 285,000 1,140,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 42 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 24 HP Laptop Computers 3 ,, 02/12/2016 257,000 771,000 25 Binding Equipment 1 ,, 02/12/2016 65,000 65,000 26 Chairs 2 Jaji & Company 02/12/2016 160,000 320,000 27 Steel Cabinets 1 ,, 02/12/2016 58,000 58,000 28 Fire Proof Cabinet 1 ,, 02/12/2016 865,000 865,000 29 Investment-Power Generating set 4 Chosen Heavenly 02/12/2016 35,000 140,000 30 Investment-Motor Vehicle 2 Kojo Motors 11/01/2016 5,890,000 11,780,000 31 Investment-Printer 2 Chosen Heavenly 02/12/2016 97,000 194,000 32 Investment-Scanner 2 ,, 02/12/2016 70,000 140,000 33 Investment-Photocopier 1 ,, 02/12/2016 695,000 695,000 34 Investment-Tables 2 Jaji & Company 02/12/2016 455,000 910,000 Sub-Total 17,155,000 35 Fireproof Steel Cabin 2 Goddafi Computers & Co 01/04/2017 1,157,100 36 Motor Vehicles 12 Kojo Motors Ltd 14/2/2017 275,699,644 37 Office Furniture to MDIC/CS Chrisa Showroom 16/1/2017 11,575,800 38 Office Equipment in Min Bawosin & Co 16/1/2017 13,707,170 39 Office Furniture to Due Process George Furniture Works Ltd 16/1/2017 9,941,400 40 Office Equipment Itech Support Nig 13/2/2017 29,735,000 41 Office Equipment in Budget Office Andy System Ent. Nig 03/11/2017 30,153,000 42 Office Equipment to CR/RS Otsemobo Ltd 26/4/2017 35,435,000 43 Office Equipment to Due Process Winful Executive Int. 26/4/2017 13,220,455 44 Office Furniture and Equipment De-Obabob Ventures 21/12/2017 11,251,170 Sub-Total 431,875,739 45 12u cabinet 1 2019 46 Battery 4 2019 47 Voltage Regulator 1 2019 48 Genus Energizing 1 2019 49 MPPT Solar 1 2019 50 MikroTik 2 2019 51 Battery 54 2019 52 Inverter 2 2019 53 Stabilizer 1 2019 54 Charge Controller 2 2019 55 Combiner box 2 2019 56 Change over 2 2019 57 Air Condition 2 2019 58 CCTV Camera 3 2019 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 43 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 59 Control Circuit 2 2019 60 Bimetric Circuit 1 2019 61 27u Cabinet 5 2019 62 TV 1 2019 63 FM 2 2019 64 27U Cabinet 5 2019 65 CCTV Camera 4 2019 66 Air Condition 2 2019 67 Control Circuit 1 2019 68 Bimetric Circuit 1 2019 69 TV 1 2019 70 Battery 32 2019 71 27u Cabinet 1 2019 72 Battery 4 2019 73 Inverter 1 2019 74 Stabilizer 1 2019 75 12u cabinet 2 2019 76 MPPT Solar 1 2019 77 Battery 4 2019 78 Inverter 1 2019 79 Stabilizer 1 2019 80 MPPT Solar 1 2019 81 Battery 4 2019 82 Inverter 1 2019 83 Stabilizer 1 2019 84 12u cabinet 1 2019 85 MPPT Solar 1 2019 86 Battery 12 2019 87 Inverter 1 2019 88 Stabilizer 2 2019 89 MPPT Solar 3 2019 90 12u cabinet 1 2019 91 Battery 4 2019 92 Inverter 1 2019 93 Stabilizer 1 2019 94 Battery 4 2019 95 Inverter 1 2019 96 Stabilizer 1 2019 97 MPPT Solar 1 2019 98 27u Cabinet 1 2019 99 Battery 4 2019 SPCU Cross In Good Audit of 2021 SLOGOR Project River Condition Ernest O. Abegbe Co Page 44 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 100 Inverter 1 2019 SPCU Cross In Good 101 Stabilizer 1 2019 River Condition 102 MPPT Solar 1 2019 103 12u cabinet 3 2019 104 Battery 4 2019 105 Inverter 1 2019 106 Stabilizer 1 2019 107 MPPT Solar 1 2019 108 Battery 16 2019 109 Inverter 2 2019 110 MPPT Solar 2 2019 111 27u Cabinet 1 2019 112 Battery 4 2019 113 Inverter 1 2019 114 Stabilizer 1 2019 115 MPPT Solar 1 2019 116 Battery 4 2019 117 Inverter 1 2019 118 Stabilizer 1 2019 119 MPPT Solar 1 2019 120 27u Cabinet 1 2019 121 Battery 4 2019 122 Inverter 1 2019 123 Stabilizer 1 2019 124 MPPT Solar 1 2019 125 Battery 4 2019 126 Inverter 1 2019 127 Stabilizer 1 2019 128 MPPT Solar 1 2019 129 27u Cabinet 1 2019 130 Battery 4 2019 131 Inverter 1 2019 132 Stabilizer 1 2019 133 MPPT Solar 1 2019 134 27u Cabinet 4 2019 135 Battery 4 2019 136 Inverter 1 2019 137 Stabilizer 1 2019 138 MPPT Solar 1 2019 139 27u Cabinet 1 2019 140 Battery 1 2019 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 45 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 141 Inverter 1 2019 142 Stabilizer 1 2019 143 MPPT Solar 1 2019 144 Battery 4 2019 145 Inverter 1 2019 146 MPPT Solar 1 2019 147 Battery 4 2019 148 Inverter 1 2019 149 Stabilizer 1 2019 150 MPPT Solar 1 2019 151 Battery 10 2019 152 Air Condition 2 2019 153 Desktop computer 20 2019 154 Monitor 20 2019 155 Office Desks 6 2019 156 Office Chairs 6 2019 157 Office Desks 10 2019 158 Office Chairs 10 2019 159 1.5HP LG Gencool Air Condition 5 2019 160 HP Notebook 17- Laptop 18 2019 161 FM 1 2019 162 Dimplex 2 2019 163 Extinguishing Control Panel 1 2019 164 Battery 10 2019 165 Vertiv Liebert 1500VA UPS 180 2019 166 HP Laserjet P2035Printer 9 2019 167 HP 19Ka Display Monitor 73 2019 168 Scanjet Pro 4500 fn1 13 2019 169 HP Pav 590 DT PC 43 2019 170 HP 19Ka Display Monitor 43 2019 Sub-Total 171 Desktop Computer with Licensed anti-virus 57 Seven West Contractors Ltd 2020 172 Laser Jet Printer 38 ,, 2020 67,659,950 173 UPS 57 ,, 2020 174 Scanners 19 ,, 2020 175 Ultron 340w Monocrystalline Solar Panel 150 ,, 2020 176 Trojan 12y 205Ah SAGM Battery 75 ,, 2020 177 Inverters Content xw t hybrid/charges 7 ,, 2020 178 MPPT charge controller 80A 18 ,, 2020 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 46 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS Accessories Schneider Conent xw + Power 179 3 2020 Distribution Panel ,, 180 JMG 100KVA Generator 1 ,, 2020 181 HP Air Conditioner (Outdoor & Indoor Unit) 1 ,, 2020 182 H - Stanchions ,, 2020 183 Cables ,, 2020 184 I.SHP AC ,, 2020 123,959,158 185 Sockets ,, 2020 186 Lighting ,, 2020 187 Photocells 4 ,, 2020 188 Security Lighting 3 ,, 2020 189 20H Container housing for equipment 1 ,, 2020 190 Stabilizer SVC-60KVA Servo motor Control 2 ,, 2020 Stabilizer SVC-30KVA automatic Voltage 191 1 2020 regulator ,, 192 200AH Batteris 5 ,, 2020 193 LG Solar Panel 400 Watts 12 ,, 2020 194 Charge Controllers 5 ,, 2020 195 Laptop 1 Niktron Technologies 2020 632,100 196 HP Laserjet CP5225n 9 Counter House Limited 2020 197 HP 19 ka Display Monitor 23 ,, 2020 198 Scanjet Pro 4500 fn1 7 ,, 2020 HP Pav 590-p0062na DT PC UK (Keyboard, 199 40 2020 Mouse, CPU) ,, 200 HP 19 ka Display Monitor 21 ,, 2020 HP Pav 590-p0062na DT PC UK (Keyboard, 201 77 2020 Mouse, CPU) ,, Sub-Total 192,251,208 GRAND TOTAL 689,354,942 SPCU KANO 1 Electricity Transmission Network 1 300,000 300,000 2 Computers 9 A and C Computers Ltd 04/09/2015 277,250 2,495,250 3 Binding Equipment 1 21,000 21,000 Bakin zuwo Global General 4 Chairs 5 29/9/2015 354,000 1,770,000 Enterprises 5 File Cabinets/Cupboard 17 Allison Bookshop company 14/9/2015 190,000 3,230,000 6 Investment: Electricity Trans 1 155,000 155,000 7 Investment: Power Generating 2 MIKANO international Ltd 04/09/2015 1,710,000 3,420,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 47 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS Sub-Total 11,391,250 8 Desktop Machine (HP all in one) 58 Mikrotech Software Ltd 29/11/2016 198,000 11,484,000 9 Network Printer (HP Laserjet 5200N) 2 Mikrotech Software Ltd 29/11/2016 455,000 910,000 10 Laserjet Printer (HP Laserjet 2035) 12 Mikrotech Software Ltd 29/11/2016 80,000 960,000 11 Flatbed Scanner (HP scanjet 5590) 3 Mikrotech Software Ltd 29/11/2016 130,000 390,000 12 Photocopier (Sharp AR 573) 2 Mikrotech Software Ltd 29/11/2016 720,000 1,440,000 13 Photocopier (Sharp AR 6020) 3 Mikrotech Software Ltd 29/11/2016 270,000 810,000 14 2HP Split a/c 4 Nagwaram Nigeria Ltd 27/12/2016 230,700 922,800 15 Industrial Standing Fan 10 Nagwaram Nigeria Ltd 27/12/2016 35,000 350,000 16 Double Door Fridge 2 Nagwaram Nigeria Ltd 27/12/2016 125,400 250,800 17 CD / Radio Players 2 Nagwaram Nigeria Ltd 27/12/2016 38,200 76,400 18 Shredding Machine 1 Namata Tech Enterprise 16/11/2016 39,000 39,000 19 Toyota Hilux 4/4 Double Cabin 6 Kaura Motors Nig Ltd 28/12/2016 18,547,619 129,833,333 20 Toyota Hiace Bus 15 seats 1 Kaura Motors Nig Ltd 28/12/2016 Sub-Total 147,466,333 In Good 21 Toyota Hilux Double Cabin 7 Kaura Motors Nig Ltd 15/03/2017 23,467,000 164,269,000 SPCU Kano Condition 22 Toyota Hiace Bus 15 seats 4 Kaura Motors Nig Ltd 03/04/2017 28,000,000 112,000,000 23 Toyota Hilux Double Cabin 2 22/11/2017 24 Toyota Hiace Bus 15 seats 5 22/11/2017 149,075,000 25 Toyota Corrolla 1 22/11/2017 Sub-Total 425,344,000 26 DESKTOP MACHINE 45 Mikro-Tech Soft Ware Ltd 08/02/2018 220,000 9,900,000 27 LAPTOP MACHINE 30 Mikro-Tech Soft Ware Ltd 08/02/2018 190,000 5,700,000 28 LASERJET PRINTER 13 Mikro-Tech Soft Ware Ltd 08/02/2018 95,000 1,235,000 29 FLATBED SCANNER 4 Mikro-Tech Soft Ware Ltd 08/02/2018 210,000 840,000 30 PHOTOCOPIER 8 Mikro-Tech Soft Ware Ltd 08/02/2018 990,000 7,920,000 Sub-Total 25,595,000 31 BEING PAYMENT FOR LAPTOPS PC 35 Relational Technology Ltd 21/02/2019 221,474 7,751,583 32 OFFICE AUTOMATION AND NETWORK 35 Relational Technology Ltd 21/02/2019 104,363 3,652,697 33 VAT 1 22/02/2019 570,214 570,214 34 STANDARD WORKSTATION 120 Relational Technology Ltd 04/11/2019 289,584 34,750,094 35 MORNITOR 120 Relational Technology Ltd 04/11/2019 58,365 7,003,834 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 48 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS UNINTERPRUPTED POWER SUPPLY 36 120 Relational Technology Ltd 04/11/2019 39,979 4,797,432 (SMALL) 37 OFFICE AUTOMATION 120 Relational Technology Ltd 04/11/2019 100,746 12,089,529 38 ESET ENDPOINT PROTECTION ADVANCE 120 Relational Technology Ltd 04/11/2019 17,990 2,158,844 Sub-Total 72,774,227 PAYMENT FOR THE SUPPLY OF 70 39 70 Micro-Tech Software Limited 28/10/2020 432,338 30,263,625 LAPTOPS PAYMENT FOR THE SUPPLY OF 14 40 14 Micro-Tech Software Limited 28/10/2020 88,200 1,234,800 PRINTERS PAYMENT FOR THE SUPPLY OF 14 41 14 Micro-Tech Software Limited 28/10/2020 58,800 823,200 SCANNERS 42 VAT Element @7.5% 1 Micro-Tech Software Limited 28/10/2020 2,424,125 2,424,125 PAYMENT FOR THE SUPPLY AND 43 INSTALLATION OF 30KVA GENERATOR 1 Sabak Engineering Ltd 14/08/2020 5,979,000 5,979,000 FOR SIFMIS OFFICE PAYMENT FOR THE PURCHASE OF 44 1 Eze & Sons Technical Co. Ltd 18/12/2020 298,000 298,000 SHARP AR6020 DIGITAL PHOTOCOPIER PAYMENT FOR THE PROCUREMENT & INSTALLATION OF 3.5 KVA SOLAR 45 1 A.B.D.K AS-HAB LINK LTD 27/02/2020 16,735,600 16,735,600 INVERTER PER APS ACROSS THE 8 STATE MDAs Sub-Total 57,758,350 1 3.5 kva Inverter-Felicity 12 U.D.U Solar Nig Ltd 18/01/2021 399,000 4,788,000 2 Solar Panel 48 U.D.U Solar Nig Ltd 18/01/2021 100,000 4,800,000 3 Charge Controller 12 U.D.U Solar Nig Ltd 18/01/2021 160,000 1,920,000 4 Battery 48 U.D.U Solar Nig Ltd 18/01/2021 175,000 8,400,000 5 Connection Cable 12 U.D.U Solar Nig Ltd 18/01/2021 200,000 2,400,000 6 Battery Rack (Angle Iron) 12 U.D.U Solar Nig Ltd 18/01/2021 40,000 480,000 7 Panels Rack (Angle Iron) 12 U.D.U Solar Nig Ltd 18/01/2021 60,000 720,000 8 Installation and Other Accessories 1 U.D.U Solar Nig Ltd 18/01/2021 1,800,000 1,800,000 9 VAT @ 7.5% 1 U.D.U Solar Nig Ltd 18/01/2021 1,898,100 10 Desktop Computers 400 Mikrotech Software Ltd 30/03/2020 - 149,102,500 11 Solar System Supports (18 MD) 1 UDU SOLAR 29/03/2020 - 7,348,149 12 Fabrication of Tables and Chairs 400 MB GAMBO BUSINESS LINK 30/03/2020 - 11,320,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 49 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS Sub-Total 194,976,749 GRAND TOTAL 935,305,909 SPCU JIGAWA 1 Peugeot 508 1 KAURA MOTORS 28/08/2015 8,795,000 8,795,000 2 4WD Pick up Van 3 ASD MOTORS 30/12/2015 8,880,000 26,640,000 3 Lap tops HP 18 OVIVI VENTURES 30/12/2015 204,125 3,674,250 4 Desk Top Computer 10 ,, 30/12/2015 245,438 2,454,375 5 Printer Coloured 2 ,, 30/12/2015 196,875 393,750 6 Black & White Printer 10 ,, 30/12/2015 219,188 2,191,875 7 Photocopier Machine 4 ,, 30/12/2015 223,125 892,500 8 Scanner Machine 4 ,, 30/12/2015 19,689 78,757 9 Stabilizers 10 ,, 30/12/2015 6,568 65,675 10 Binding Machine 1 ,, 30/12/2015 26,250 26,250 11 Video Camera 4 ,, 30/12/2015 150,938 603,750 12 Public Address System 2 ,, 30/12/2015 164,875 329,750 13 Digital Camera 4 ,, 30/12/2015 26,250 105,000 Sub-Total 46,250,932 Marb Engineering & Multy-Service 14 Laptops 12 7/12/2016 229,500 2,754,000 Ltd 15 Desktops 6 ,, 7/12/2016 227,500 1,365,000 16 Printers 6 ,, 7/12/2016 351,000 2,106,000 17 Scanners 7 ,, 7/12/2016 149,285 1,044,995 18 Photocopy Machine 6 ,, 7/12/2016 62,927 377,562 19 HP 400 Desktop Computers 5 Ovivi Ventures Ltd 11/01/2016 245,438 1,227,188 20 HP M605DN LJ Printers 10 Ovivi Ventures Ltd 11/01/2016 219,188 2,191,875 21 Sharp AR-5618 Copies 4 Ovivi Ventures Ltd 11/01/2016 223,125 892,500 22 Sony Didital Camera 4 Ovivi Ventures Ltd 11/01/2016 26,250 105,000 23 Sony Didital Cam corders 4 Ovivi Ventures Ltd 11/01/2016 150,938 603,750 24 Executive Office Desk (2800*1100D*760H) 4 Muhal Global Concept Ltd 19/07/2016 412,500 1,650,000 25 Executive High back swivel chair (Leather) 4 ,, 19/07/2016 87,450 349,800 26 Executive Visitors chair 4 ,, 19/07/2016 70,950 283,800 27 Book shelves Laminated (4 Doors) 1 ,, 19/07/2016 330,000 330,000 28 Book shelves Laminated (3 Doors) 3 ,, 19/07/2016 237,600 712,800 29 5 seater sofa in double stitched 4 ,, 19/07/2016 528,000 2,112,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 50 In Good SPCU Jigawa Condition STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 30 Executive Center table 10mm thick glass top 4 ,, 19/07/2016 198,000 792,000 31 Refrigirator High quality 1.2m 2 ,, 19/07/2016 134,640 269,280 32 Cloth Hanger 2 ,, 19/07/2016 33,000 66,000 33 LCD TV set 40inch 4 ,, 19/07/2016 165,000 660,000 In Good 34 Desk Top Computers 1 ,, 19/07/2016 316,800 316,800 SPCU Jigawa Condition 35 Lap Tops Computers 13 ,, 19/07/2016 184,800 2,402,400 36 Photocopier Machine 1 ,, 19/07/2016 330,000 330,000 37 Printer 1 ,, 19/07/2016 59,400 59,400 38 Scanner 1 ,, 19/07/2016 33,000 33,000 39 Conference Table (4800*1800D*760H) 1 ,, 19/07/2016 2,362,800 2,362,800 40 Water Dispenser 4 ,, 19/07/2016 40,920 163,680 41 Shredding Machine 2 ,, 19/07/2016 26,400 52,800 42 Stabilizer 1 ,, 19/07/2016 4,500 4,500 Sub-Total 25,618,930 43 Hiace Bus 6 kaura motors 03/04/2017 26,620 159,720 44 Motor Cycles 22 patriotic services limited 05/04/1917 350,000 7,700,000 45 Toyotal Hilux 2 kaura motors 17/02/1917 19,200,600 38,401,200 46 Destop Computers 40 muhal global concept ltd 06/04/2017 233,625 9,345,000 47 Printers 32 muhal global concept ltd 06/04/2017 166,688 5,334,000 48 Photocopier 32 muhal global concept ltd 06/04/2017 328,125 10,500,000 49 Scanners 32 muhal global concept ltd 06/04/2017 146,438 4,686,010 50 Generator 2 powertrac 18/08/2017 14,873,738 29,747,475 Sub-Total 76,125,930 51 Desktop Computer 20 Patroitics Services Nig LTD 16/03/2018 153,000 3,060,000 52 Photocopier 10 Patroitics Services Nig LTD 16/03/2018 387,000 3,870,000 53 Scanner 10 Patroitics Services Nig LTD 16/03/2018 63,000 630,000 54 Printer 10 Patroitics Services Nig LTD 16/03/2018 77,400 774,000 55 UPS 10 Patroitics Services Nig LTD 16/03/2018 24,300 243,000 56 Toyota Hilux 3 Kojo Motors Limited 04/04/2018 22,358,000 67,074,000 57 Toyota Corrolla 2,5ml 1 Kojo Motors Limited 04/04/2018 19,726,800 19,726,800 58 Toyota Hiace Bus 2 Kojo Motors Limited 04/04/2018 26,599,000 53,198,000 59 Biometricoffline kits 3 Bitsense Limited 23/08/2018 1,018,000 3,054,000 60 Vat 7,581,490 Sub-Total 159,211,290 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 51 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 61 FIRE PROOF FILE CABINET 4 HASA LIGHT INVESTMENT LTD 31/10/2019 475,000 1,900,000 62 SPLIT AIR CONDITION 2 SAHAD STORES 08/10/2019 435,000 870,000 Sub-Total 2,770,000 SUPPLY OF HP PROBOOK 450 GENERATION-5, 8GB,1TB HDD, WITH 63 192 A.S.G TECH. SERVICES 29/09/2020 421,530 80,933,760 CARRYING BAG AND ESET ENDPOINT ANTIVIRUS Sub-Total 80,933,760 GRAND TOTAL 390,910,841 SPCU YOBE 1 Corolla 2.0 Saloon Car 1 KAURA MOTORS 22/07/2015 8,250,000 8,250,000 2 4x4 Toyota Pick up Van 1 ,, 22/07/2015 8,167,000 8,167,000 3 30 KVA Mikano Gen. Set 1 AGWAYA NIG.LTD 09/09/2015 3,259,000 3,259,000 4 6kg FIRE extinguisher(power) 2 ,, 09/09/2015 10,000 20,000 5 3kg Fire Extinguisher (Co2) Gas 4 ,, 09/09/2015 15,250 61,000 6 HP All-in One Desk top Computer 2 MURSHE NIG LTD 10/05/2015 153,000 306,000 7 HP Laptop Computer 5 ,, 10/05/2015 106,000 530,000 8 HP Laserjet Printer 2 ,, 10/05/2015 43,500 87,000 9 HP Laserjet Printer Colour 1 ,, 10/05/2015 96,000 96,000 10 Sharp Photocoppier 2 ,, 10/05/2015 250,000 500,000 11 Blue Gate UPS 2 ,, 10/05/2015 12,500 25,000 12 Drawer Fireproof Cabinet 3 ,, 10/05/2015 355,000 1,065,000 13 Drawer Cabinet 4 ,, 10/05/2015 48,200 192,800 14 Sony Projector (VPL-CW255) 1 ,, 10/05/2015 290,000 290,000 15 Projector Stand & Screen 1 ,, 10/05/2015 16,000 16,000 16 32" LG LED TV 2 ,, 10/05/2015 75,000 150,000 17 LG Refrigerator 4 ,, 10/05/2015 45,500 182,000 18 Paper Shredding Machine 2 ,, 10/05/2015 65,500 131,000 19 DSTV SET 1 ,, 10/05/2015 28,000 28,000 20 Super Executive Desk 1 GALAMO INV'T LTD 24/10/2015 165,000 165,000 21 Super Executive Chair 1 ,, 24/10/2015 80,000 80,000 22 Executive Desk 4 ,, 24/10/2015 151,350 605,400 23 Executive Chair 4 ,, 24/10/2015 65,000 260,000 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 52 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 24 Waiting Chair Set 2 ,, 24/10/2015 102,500 205,000 25 Set of Cushion Chair 2 ,, 24/10/2015 265,000 530,000 26 Curtains 30 ,, 24/10/2015 1,500 45,000 27 Carpet 1 ,, 24/10/2015 50,000 50,000 Sub-Total 25,296,200 28 Toyota Hiace Buses 15 seats 5 Kaura Motors Nig Ltd 13/04/2017 19,500,000 97,500,000 Sub-Total 97,500,000 29 DESKTOP COMPUTER SYSTEM 30 Jonrelt Technology Ltd 21/09/2018 406,530 12,195,900 30 SURGE PROJECTOR 30 Jonrelt Technology Ltd 21/09/2018 13,750 412,500 31 UPS 100VA LCD 230V 30 Jonrelt Technology Ltd 21/09/2018 34,925 1,047,750 32 PRINTER LASERJET PRO M405DW 19 Jonrelt Technology Ltd 21/09/2018 202,707 3,851,434 33 FLATBELT SCANJET 2500FI SCANNER 10 Jonrelt Technology Ltd 21/09/2018 183,975 1,839,750 34 PHOTOCOPIER MACHINE 4 Jonrelt Technology Ltd 21/09/2018 369,025 1,476,100 Sub-Total 20,823,434 35 MECURY ELITE 100VA PLUS UPS 30 Jonrelt Technology Ltd 01/04/2019 42,775 1,283,250 In Good DELL 3050 OPTILEX SFF DESKTOP/INTEL SPCU Yobe Condition CORE i3/4GB/2400MHZ-DDR MEMORY/3.5 36 30 Jonrelt Technology Ltd 01/04/2019 412,910 12,387,300 500GB 7200rpm SATA HDD/WINDOWS 10 PRO/64BIT 19 LED MORNITOR 37 HP LASERJET PRO 400 M402dw PRINTER 20 Jonrelt Technology Ltd 01/04/2019 213,450 4,269,000 38 APC SURGE PROTECTORS 5 PINS 30 Jonrelt Technology Ltd 01/04/2019 16,230 486,900 39 HP FLATBED SCANJET 2500F1 ADF 10 Jonrelt Technology Ltd 01/04/2019 194,650 1,946,500 40 SHARP AR-6020 MONOCHROME COPIER 4 Jonrelt Technology Ltd 01/04/2019 396,667 1,586,668 41 5% VAT 1,097,981 PAYMENT FOR SUPPLY OF UNIT BUS TO 42 1 KOJO MOTORS 02/04/2019 22,100,000 22,100,000 HEAD OF SERVICE COM Sub-Total 45,157,599 43 PURCHASE OF FIRE PROOF CABINET 2 A.A. Usman Global Resources Nig. Ltd 04/02/2020 550,000 1,100,000 PAYMENT ON SUPPLY OF ICT 44 1 Jetlink Limited 14/04/2020 180,729,707 180,729,707 EQUIPMENT Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 53 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SN DESCRIPTION ASSETS QTY SUPPLIER/ CONTRACTOR DATE UNIT COST AMOUNT (N) LOCATION STATUS 45 PURCHASE OF LAPTOP COMPUTER 1 Madu Hassan 28/04/2020 299,500 299,500 46 DESKTOP COMPUTER SYSTEM 100 West Quest Ventute 29/09/2020 405,000 40,500,000 47 LAPTOP - HP PAVILION CORE i5 30 West Quest Ventute 29/09/2020 330,000 9,900,000 48 CANON PRINTER 30 West Quest Ventute 29/09/2020 120,000 3,600,000 49 CANON SCANNER 20 West Quest Ventute 29/09/2020 115,000 2,300,000 50 ESSENTIAL SURGE 100 West Quest Ventute 29/09/2020 15,000 1,500,000 51 APC SMART UPS 100 West Quest Ventute 29/09/2020 230,000 23,000,000 52 VAT ELEMENTS @7.5% 1 West Quest Ventute 29/09/2020 6,060,000 6,060,000 53 DESKTOP COMPUTER SYSTEM 85 KFA Multilinks Ltd 30/11/2020 405,000 34,425,000 54 PHOTOCOPIER MACHINE 17 KFA Multilinks Ltd 30/11/2020 450,000 7,650,000 55 PRINTER 34 KFA Multilinks Ltd 30/11/2020 120,000 4,080,000 56 FLATBED SCANNER 17 KFA Multilinks Ltd 30/11/2020 115,000 1,955,000 57 UPS 85 KFA Multilinks Ltd 30/11/2020 150,000 12,750,000 58 SURGE PROTECTOR 85 KFA Multilinks Ltd 30/11/2020 15,000 1,275,000 59 VAT ELEMENTS @7.5% 1 KFA Multilinks Ltd 30/11/2020 4,660,125 4,660,125 Sub-Total 335,784,332 60 1 PYT OF 80% CONTRACT DELIVERABLES FOR SUPPLY OF POWER FINANCE AND TECHOLOGY CONSULTANTS BA 22/03/2021 28,900,422 28,900,422 61 1 PYT OF 20% POWER BACKUP SUPPLY DELIVERABLES 30/03/2021 FINANCE AND TECHNOLOGY CONSULTANT L 21,254,786 21,254,786 62 PYT OF WHTS INRESPECT OF SIFMIS CONTRACT1 FIRS COLLECTION ACCOUNT 30/03/2021 9,432,111 9,432,111 63 1 PYT OF STAMP DUTY INRESPECT OF SIFMIS CONTRACT FIRS (ADDENDU COLLECTION ACCOUNT 30/03/2021 653,468 653,468 Sub-Total 60,240,787 GRAND TOTAL 584,802,352 TOTAL 4,298,888,030 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 54 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Notes to the Sources and Uses of Funds for the Period Ended 31 March, 2021 Amount NPCU ABUJA Federal Level Project Coordination Office Expenses 15,552,668.00 Training for NPCU Staff 11,848,218.75 Office Equipment Maintenance 6,099.00 Monitoring & Evaluation - Consultancy Fee 4,138,079.51 Bank Charges 7,525.00 Traveling Expenses - Total 31,552,590.26 ANAMBRA Public Finance Management Legislation: Review of Exiting Law and Regulations 1,969,587.50 Sensitization Seminars/Training for Key Stakeholders 35,845,775.00 Total 37,815,362.50 Internal and External Audit: Modernize Internal Audit Unit - Institute Annual Forum on External Auditors 1,749,451.50 Total 1,749,451.50 Support Functional Control in Public Finances: Introduce/Strenthening of AG Office - Development of OSAG Office - Review any IFMIS intitiative/functional Req. for SIFMIS 100,000.00 interface with Develop Public Expenditure Tracking Survey - Adopt National Chart of Account/Budget Classification - Institutional Strengthening of AG Office - Total 100,000.00 Budget Reforms: Training in MTEF (Including SHoA) - Improve Budget Execution and Monitoring and PETS - Fiscal Strategy Paper - Initial preparatory work for MTSS with MTEF - Total - Reform of the State Tax Authority: Training of BIR Staff - Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 55 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Review Organizational structure for BIR and strengthen - IT Conduct survey for identifcation of new taxpayers - - Public Procurement Reform: Provide institutional development support - Total - Support to Local Governance: Strengthen 3 LGAs per State, AGLG, MLG on Planning - Accounting Develop Road Map for Devolution of Authority - provide training of trainers courses - Total - Project Management and Coordination at State level:: Bank charges 7,476.19 Office Equipment - Vehicle Maintenance 938,300.00 Training for Staff SPCUS - Mid-term reviews - Office Expenses 782,400.00 Contribution to PFMU 229,500.00 Consultancy Fees 173,333.33 Insurance - Equipment Maintainance 50,000.00 Allowances - Total 2,181,009.52 CROSS RIVER Public Finance Management Legislation: Updated Financial Regulations/Manuals - Total - Internal and External Audit: Institute Annual Forum on External Audit - Modernize Internal Audit Units - Total - Support Functional Control in Public Finances: Review any IFMIS Initiative/Functional Req. For SIFMIS 137,196,653.75 Interface Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 56 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Provide SIFMIS Training - Obtain Off- Shelj Software Install Infrastructure Backbone - Upgrade Infrastructure Backbone - Adopt New National Chart of Account/Budget - Classification Implement New National Chart of Account/Budget Classification - Publish Aggregate Budget Implementation Rpts/Prepare Fin Stmts (IPSAS) - Total 137,196,653.75 Budget Reforms: Improve Budget Execution and Monitoring and PETS - Support CSOs on Budget Monitoring - Total - Reform of the State Tax Authority: Conduct Survey for Identification of new Taxpayer - Review Organizational Structure for BIR and Strengthen IT - Total - Public Procurement Reform: Establish/Strengthen Regulatory Body - Establish Procurement Databank and Website for Transparency - Provide Institutional Development Support - Develop/Review Procurement Manual/Standard Bidding Document - Total - Support to Local Governance: Support Studies on Potential Areas of Devolution of Functions and Author - Project Management and Coordination at State level:: Bank Charges 4,581.66 Vehicles 318,000.00 Office Equipment - Equipment Maintenance 1,082,200.00 Furnitures & Fittings 25,000.00 Training for SPCUS Staff - Allowances 192,500.00 Traveling Expenses 2,690,504.00 Office Expenses 795,270.00 Meeting Expenses 58,300.00 Contribution to PFMU 646,800.00 Consultancy Fees 145,000.00 Media/Publicity Expenses - - Total 5,958,155.66 OSUN Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 57 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Public Finance Management Legislation - Internal and External Audit: Functional Review OAGS & OSAuG - Support Functional Control in Public Finances: - Review any IFMIS Initiative/Functional Requirement 140,223,419.41 Budget Reforms: - Reform of the State Tax Authority Reform of the State Tax Authority - Public Procurement Reform: - Develop/Review Procurement Manual/ Standard Bidding 866,000.00 Doc Establish Procurement Databank and Website for 257,000.00 transparency Public Awareness Creation/CSO Engagement - Total 1,123,000.00 Support to Local Governance: Support Studies/Develop Road Map for Devolution of - Authority Project Management and Coordination at State - level:: Bank Charges 16,349.31 Vehicles 546,375.00 Office Equipment 3,709,883.00 Office Expenses 298,000.00 Furniture & Fittings 5,128,448.75 Equipment Maintenance 229,000.00 Contribution to PFMU 915,000.00 Allowances 352,500.00 Consultancy Fees 1,524,800.01 Media/Publicity Expenses 1,888,000.00 Insurance 30,937.50 Total 14,639,293.57 KANO Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 58 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Public Financial Management Reforms Review Existing Laws/Regulation; Draft PFM Law/Fiscal Resp. Bill - Total - Internal and External Audit: Mordenized Internal Auidt Units 1,788,700.00 Draft/Update State Audit Bill 152,460.00 Total 1,941,160.00 Support Functional Control in Public Finances: Review any IFMIS Initiative/Functional Req. for SIFMIS Interface… - Provide SIFMIS Training - Draft for Procurement Law 284,420,485.05 Implement /Adopt New National Chart of Accounts/Budget Classification 9,233,047.50 Total 293,653,532.55 Budget Reforms: Improve Budget Execution & Monitoring & PETS - Total - Reform of the State Tax Authority: Conduct Survey for Identification of New Taxpapers - Total - Support to Local Governance: Support Studies on Potential Areas of Devolution of Functions & Authoirity - Provide Training of Trainers Courses - Total - Project Management and Coordination at State level:: Bank Charges 100,340.67 Travelling Expenses - Office Expenses 1,821,699.63 Meeting Expenses 272,513.00 Contribution to PFMU 459,000.00 Allowances 315,000.00 Consultancy Fees 21,646,433.39 Training for Staff SPCUS - Vehicle Maintenace 2,457,679.15 Equipment Maintenance 278,000.00 Office Equipment 112,400.00 Total 27,463,065.84 JIGAWA Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 59 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Public Finance Management Reform: Review Existing Laws/Regulations Draft PFM Law/Fiscal Resp.Bill - Update Financial Regulations/Manuals - Total - Internal and External Audit: Institute Annual Forum on External Audit - Draft/Update State Audit Bill - Modernize Internal Audit Units - Total - Support Functional Control in Public Finances: Review any IFMIS intitiative/functional Req. for SIFMIS 158,209,933.86 interface with Develop Improved Reporting Standards - Total 158,209,933.86 - Budget Reforms: Improve Budget Execution &Mornitoring &Evaluation 7,721,000.00 Initial Preparatory Work for MTSS with MTEF - Total 7,721,000.00 Reform of the State Tax Authority: Mordernize Taxpayer Database - Review Organizational structure for BIR and strengthen - IT Training of BIR Staff - - Total - Public Procurement Reform: Establish Procrument DataBank & Website - Establish/Strengthen Regulatory Body - Establish MDA Procurement Units - Develop/Review Procrument Manual - - Total - Support to Local Governance: Support Studies On Potential Areas of Devolution of function - Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 60 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Stregthen 3 LGAs Per State AGLG,MLG On Paning Accounting 19,481,095.00 - Total 19,481,095.00 Project Management and Coordination at State level: Vehicle Maintenace 526,756.00 Office Equipment 124,000.00 Travelling Expenses - Equipment Maintenance 3,366,001.00 Training for SPCU Staff - Office Expenses 1,446,550.00 Meeting Expenses 132,000.00 Contribution to PFMU 640,200.00 Allowances 495,000.00 Consultancy Fees 1,294,107.60 Media/Publicity Expenses 4,000.00 Insurance - Mid Term Review - Monitoring and Evaluation - Bank Charges 297,575.84 Total 8,326,190.44 YOBE Public Finance Management Legislation: Review Existing Law/Regulations - Total - Internal and External Audit: Draft/Update State Audit Bill - Support to SHoA - Modernize Internal Audit Units - Total - Support Functional Control in Public Finances: Review any IFMIS Initiative/Functional Req. for SIFMIS Interface… 142,725,648.64 Provide Institutional Development Support 600,000.00 Institutional Strengthening of AG Office - Total 143,325,648.64 Budget Reforms: Initial Preparation Work for MTSS with MTEF - Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 61 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 Amount Total - Reform of the State Tax Authority: Conduct Survey for Identification of New Taxpapers - Modernize Taxpayer Database - Total - Public Procurement Reform: Establish MDA Procurement Units - Develop Road Map for Devolution of Authority by the - State Government Total - Support to Local Governance: Strengthen 3 LGAs per State, AGLG, MLG on Planning, Accounting - - Project Management and Coordination at State level:: Bank Charges 569,010.01 Vehicle Maintenace 248,960.00 Office Equipment Maintenance 638,900.00 Training For Staff SPCUS - Mid - Terms Reviews - Travelling Expenses - Office Expenses 1,386,096.48 Meeting Expenses - Contribution To PFMU 627,000.00 Consultantcy Fee 1,200,000.00 Media / Publicity Expenses 517,800.00 Insurance - - Total 5,187,766.49 PRIOR YEAR ADJUSTMENT There was a prior year adjustment which largely affected the last period cumulative figures. This has been adjusted appropriately. Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 62 STATE AND LOCAL GOVERNANCE REFORM (SLOGOR) PROJECT CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED (3 MONTHS) MARCH 31, 2021 SIX YEARS AND FIRST QUARTER SUMMARY OF CUMULATIVE SOURCES AND USES OF FUNDS (NAIRA & EURO) 2015 2016 2017 2018 2019 2020 2021 (3 Months) Receipts ₦ EURO ₦ EURO ₦ EURO ₦ EURO ₦ EURO ₦ EURO ₦ EURO IDA Credit 1,427,594,799 6,468,114.36 944,761,229 2,744,098 3,600,379,481 10,764,988 1,722,434,153 4,593,158 2,470,115,749 6,784,165 2,810,811,936 26,254,799 828,795,277 1,772,423 State Governments 12,147,496 55,354 - - - - 20,000,000 53,333 20,000,000 49,261 - - - - Sales of Tender Document 20,000 92 420,000 1,538 905,000 2,820 3,790,000 10,107 1,555,000 4,354 350,000 858 52,500 110 Miscellaneous Receipts 2,496 11 - - 1,312 4 1,447,322 3,860 - - 5,000 12 - - Interest Received from Euro Bank 1,807,588 8,563 3,482,024 15,774 2,020,978 5,822 2,270,343 6,054 2,386,575 6,698 2,093,641 5,220 257,659 782 Acct. Interest Received from Naira Bank 402,512 1,878 2,091 10 158,208 415 791 2 26,813 139 30 1 6 0 Acct. Total Receipts 1,441,974,890 6,534,013 948,665,344 2,761,420 3,603,464,980 10,774,049 1,749,942,609 4,666,514 2,494,084,137 6,844,616 2,813,260,608 26,260,890 829,105,443 1,773,316 Expenditure by Categories Gds,Op Csts, Wks, Trn, CnSrvs under Pts A, B & C1: Federal Government 17,372,367 80,604 93,753,835 316,680 52,240,802 149,098 185,580,869 494,882 260,337,377 724,451 61,673,783 154,730 31,546,491 73,404 Anambra 81,840,986 387,668 178,582,422 577,176 1,031,445,678 2,839,393 180,424,071 481,131 266,136,461 759,150 31,668,143 85,815 41,845,824 88,045 Cross River 79,899,028 378,900 307,079,931 957,146 340,311,922 1,053,708 189,121,059 504,323 721,698,770 1,784,080 1,006,569,837 24,127,366 143,154,809 293,388 Osun 69,797,187 318,189 111,490,136 387,515 636,715,887 1,904,285 490,304,306 1,307,478 134,442,118 383,228 505,440,975 743,525 155,985,713 512,749 Kano 18,856,198 90,248 264,445,263 890,357 631,053,411 1,042,291 460,911,393 1,229,097 734,390,348 1,839,000 444,825,403 1,035,899 323,057,758 715,457 Jigawa 57,630,605 256,065 136,967,677 517,243 572,355,875 1,690,351 397,662,802 1,060,434 422,002,410 1,204,894 822,217,308 1,909,488 193,738,219 414,544 Yobe 46,477,903 213,537 70,331,171 256,580 223,920,958 674,147 215,494,478 574,652 506,531,023 1,332,216 702,490,126 1,630,729 148,513,415 171,032 Total Expenditures 371,874,275 1,725,210 1,162,650,434 3,902,697 3,488,044,535 9,353,275 2,119,498,978 5,651,997 3,045,538,507 8,027,019 3,574,885,575 29,687,551 1,037,842,230 2,268,619 Receipts less Expenditures 1,070,100,615 4,808,802 (213,985,090) (1,141,277) 115,420,445 1,420,775 (369,556,369) (985,484) (551,454,369) (1,182,403) (761,624,967) (3,426,661) - 208,736,787 - 495,304 Add: Exchange Rate Difference: - 22,775,799 - 384,017,963 - 247,698,435 - 724,644 186,814,552 336,634 - 36,637,718 - 794,333 799,585,820 3,326,132 - 5,051,108 - 309,511 Add: Unretired Advances: - - - - - - 7,297,952 19,461 - 240,600 - - - - - Add: Unremitted VAT: 294,867 1,353.16 - - - - - - - - - - - - Add: Unremitted WHT: - - - - - - - Net Change in Cash 1,047,619,682 4,810,156 170,032,874 (1,141,277) 363,118,880 696,131 (175,443,865) (629,388) - 588,332,687 - 1,976,735 37,960,853 - 100,529 - 213,787,896 - 804,815 Opening Cash Balances SPECIAL ACCOUNT - - 1,031,293,154 4,732,656.39 1,188,967,066 3,579,932 1,550,136,057 4,292,103 1,362,155,130 4,101,394 777,364,723 2,340,614 821,907,400 2,474,730 COUNTER-PART ACCOUNT: - - 15,536,396 71,297.31 135,702 409 215,465 597 1,933,036 5,820 233,343 703 382,281 1,151 STATE GOVTS. DRAW-DOWN ACCOUNT - - 344,565 1,581.23 23,605,969 71,077 23,059,358 63,848 28,073,281 84,528 25,994,762 78,269 16,446,901 49,521 INTEREST (NAIRA) BANK 219,714 662 1,044,222 2,891 4,297,164 12,939 4,651,973 14,007 4,651,906 14,007 ACCOUNT/DD INTEREST (DOMICILIARY) BANK - - 445,567 2,044.73 4,724,105 14,224 6,316,333 17,489 8,868,960 26,704 8,750,082 26,346 11,567,249 34,829 ACCOUNT Total Opening Cash - - 1,047,619,682 4,807,579.65 1,217,652,556 3,666,303 1,580,771,436 4,376,928 1,405,327,571 4,231,385 816,994,884 2,459,939 854,955,737 2,574,237 Add: Net Change in Cash 1,047,619,682 4,807,579.65 170,032,874 (1,141,276.64) 363,118,880 696,131 - 175,443,865 - 629,388 - 588,332,687 - 1,976,735 37,960,853 - 100,529 - 213,787,896 - 804,815 Net Cash Available 1,047,619,682 4,807,580 1,217,652,556 3,666,303 1,580,771,436 4,362,434 1,405,327,571 3,747,540 816,994,884 2,254,650 854,955,737 2,359,410 641,167,841 1,769,422 Closing Cash Balances SPECIAL ACCOUNT 1,031,293,154 4,732,656 1,188,967,066 3,579,932 1,550,136,057 4,277,890 1,362,155,130 3,632,414 777,364,723 2,145,283 821,907,400 2,268,207 564,720,818 1,558,452 COUNTER-PART ACCOUNT: 15,536,396 71,297 135,702 409 215,465 595 1,933,036 5,155 233,343 644 382,281 1,055 382,281 1,055 STATE GOVTS. DRAW-DOWN ACCOUNT 344,565 1,581 23,605,969 71,077 23,059,358 63,637 28,073,281 74,862 25,994,762 71,737 16,446,901 45,388 55,646,577 153,567 INTEREST (NAIRA) BANK - - 219,714 662 1,044,222 2,882 4,297,164 11,459 4,651,973 12,838 4,651,906 12,838 4,650,994 12,835 ACCOUNT/DD INTEREST (DOMICILIARY) BANK 445,567 2,045 4,724,105 14,224 6,316,333 17,431 8,868,960 23,651 8,750,082 24,147 11,567,249 31,922 15,767,172 43,512 ACCOUNT Total Closing Cash Balance 1,047,619,682 4,807,580 1,217,652,556 3,666,303 1,580,771,436 4,362,434 1,405,327,571 3,747,540 816,994,884 2,254,650 854,955,737 2,359,410 641,167,841 1,769,422 Audit of 2021 SLOGOR Project Ernest O. Abegbe Co Page 63