Infrastructure Concession Regulatory Commission (ICRC)
The Public Private Partnership (PPP) Project
Internal Auditor
Request for Expressions of Interested
The Federal Government of Nigeria (FGN) has applied for a credit from the International Development Association (IDA). The credit will be used primarily for infrastructure up-scaling in the different sectors of the country through PPPs by providing technical assistance, capacity building and long-term financing and intends to apply part of the proceeds of this credit to payments for the services of highly qualified Internal Auditor who will assist ICRC in ensuring the orderly and efficient conduct of operations including, among others, the adherence to Project management policies, rules and regulations, safeguarding of project assets, prevention and detection of errors and irregularities, and promote the accuracy and reliability of the accounting records.
The Internal Auditor is to provide independent and objective assurance on the management of risk and compliance throughout the project life. The Auditor will work within a well-defined framework of programs and reporting requirements. Importantly, the internal auditing function will be closely linked to and complement the project’s monitoring and evaluation system. The Auditor will assist the PPP project meet its objectives and promote effective control at reasonable cost. The Project activities would be periodically reviewed by the Internal Audit Team which will be in place as part of the PAS.
The scope of the internal auditor will be to evaluate the adequacy and effectiveness of the project’s system of internal control and the quality of performance in carrying out assigned responsibilities. The Internal auditor will among other things carry out the following tasks:
(i) Review the reliability and integrity of financial and operating information and the means used to identify, measure, classify and report the information
(ii) Review established systems to ensure compliance policies, procedures, laws, and regulations which impact on operations and reports; and
(iii) Review the means of safeguarding assets and, as appropriate, verify their existence
In addition to the above, the Internal Auditor will also be required to perform the following as part of his/her responsibilities:
a) Develop an annual audit plan using inputs from the team and stakeholders to identify priorities and resource requirements for
b) Schedule and assign audits to the internal audit team, ensuring effective and efficient use of resources.
c) Report to the Director General and Head of PIU at required intervals on Internal Audit assignments including planned reviews, investigations, risk advisory work and any activity as required.
d) Oversee and provide quality control for the project’s audits, to ensure that professional standards are maintained at all times.
e) Build relationships across the PIU and MDAs to understand issues and identify areas for improvement for the project as a whole.
f) Develop new methodologies to improve the audit process, making it “easier” for the project to request audits and implement recommendations.
g) Provide assistance to the PIU in meeting regulatory and mandatory requirements of the project.
h) Keep abreast of developments in Bank’s best practices and Corporate Governance practices and advise the project accordingly.
i) Perform any other duties as are within the scope and purpose of the job.
Qualification of the Consultant:
The Internal Auditor required for this appointment which shall be an individual must possess a minimum of B.Sc./HND or B.A in Accounting, Banking and Finance, Business Administration or Economics. The applicant must have at least 8 years post qualification cognate experience in the relevant field out of which at least three (3) must have been acquired after obtaining the professional qualification. The Auditor must have any of the following professional qualifications viz; ICAN, ICMA, ACCA or any other equivalent professional qualification. A postgraduate degree in relevant disciplines with previous experience in World Bank funded projects will be an added advantage.
Submission of Expressions of Interest (EOIs):
Prospective consultants should submit an Expression of Interest detailing the following information as basis for pre-qualification:
- Experience working with public sector employees
- Evidence of work experience with multilateral and bilateral financial and development agencies particularly on infrastructure and PPP activities
- Familiarity with the National and World Bank fiscal assessment procedures
- Ability to prepare economic and financial assessment policy briefs and analytical reports.
- Strong motivation, team player and result oriented
- Strategic thinking and planning and Sound knowledge of PPPs
The Consultant will be selected in accordance with the procedures set out in the World Bank Guidelines: Selection and Employment of Consultants by World Bank Borrowers, January 1997 (Revised September 1997, January 1999, May 2002, May 2004, October 2006 and May 2010)
Expressions of Interest must be submitted in three (3) copies (one original and two copies) in a sealed envelope clearly marked “Expressions of Interest for Internal Auditor”. A CD-ROM version should also be included.
The expressions of interests should be addressed and delivered on or before 8th October 2011 by 5:00pm at the address below:
Mr. Nelson Hundumofore
Project Procurement
Infrastructure Concession Regulatory Commission
(Annex Office)
No. 1, Ali Akilu Crescent
Aso Villa, Asokoro Abuja
E-mail: n.hundumofore@icrc.gov.ng
Interested applicants may obtain further information at the address above from 8.00 am to 5.00 pm, Monday through Friday (except public holidays)
Only short listed Consultants will be contacted.
Expression of interest through email or fax will not be entertained.
