Treasury managers have been admonished to guard against corruption, fraud and financial mismanagement by implementing strong internal control mechanisms.
The Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, said this at the training programme organised by the Chartered Institute of Treasury Management (CITM) in Abuja, yesterday.
The AGF, who was represented by Alhaji Muhammed Aliyu, Director, Special Duty, said that there was a need to safeguard public funds and protect the interest of government and the public.
“We must remain watchful against the threats of corruption, fraud and financial mismanagement by implementing a strong internal control system and promoting a culture of compliance.”
This, according to her, is in a bid to achieve the virtues and behaviours necessary to curtail corruption in the polity.
“Training and professional development are essential in equipping the practitioners with the knowledge and skills necessary to conduct the activities of Treasury Management Ethically.”
“Let us seize this opportunity to expand our understanding of ethical principles and best practices, so as to strengthen our ability to serve the public well.”
She urged the participants to uphold the highest ethical standards in their work and actions as treasury professionals.
According to her, together, we shall strive to build a future where transparency, integrity and accountability will be the focus in management of public finances.
“As professionals, we must resist the temptation of personal interest or undue influence in our decision-making processes.
“We must always prioritise the public interest above all other interests, even in the face of unpleasant situations or pressure from the public.” she said.
She said ethical conduct in treasury management entailed an extremely large number of principles, which includes transparency, honesty, accountability, and fairness.
“We must adhere to these principles seriously, not only to maintain public trust but also to imbibe a culture of integrity and transparency within our organisations.”
She said as custodian of public funds, treasury managers bear a tremendous responsibility to uphold the highest standards of ethics and integrity in our profession.