Fiscal Responsibility Commission blows hot, says MDAs failed to remit N1.2trn to FG

Fiscal Responsibility Commission blows hot, says MDAs failed to remit N1.2trn to FG

- The Fiscal Responsibility Commission has alleged that most MDAs have failed to remit revenue to the federal government

- According to the acting chairman of the FRC, the non-remittance of MDAs is currently N1.2 trillion

- The FRC acting chairman noted that the unremitted revenue could be used to fund part of the 2020 budget

PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!

A report by ThisDay indicates that ministries, departments and agencies (MDAs) of government have been accused by the Fiscal Responsibility Commission (FRC) of failing to remit N1.2 trillion to the Consolidated Revenue Funds (CRF) of the federal government.

Victor Muruako, the acting chairman of the FRC, made the disclosure on Monday, September 7, at the opening session of a three-day management retreat for employees of the commission in Abuja.

Muruako who noted that the unremitted N1.2 trillion could be used to fund part of Nigeria's 2020 budget called for the strict enforcement of the Fiscal Responsibility Act 2007.

Net neutrality pros and cons - which side are you on?

He explained that the enforcement of the Act could help to stop borrowings by the government.

Fiscal Commission Accuses MDAs of Not Remitting over N1.2tn to FG

The acting chairman of Fiscal Responsibility Commission (FRC), Victor Muruako. Photo credit: Nigeria Extractive Industries Transparency Initiative - NEITI/Facebook
Source: UGC

“Today, our records still show that most of the 122 agencies of government are in default of more than N1.2trillion which can fund a substantial portion of the Federal Government of Nigeria budget deficit if remitted in line with FRA 2007,” he said.

Muruako added that almost all government organisations generate funds but they spend it on items that are unnecessary, while the government continues to seek loans to fund its budget.

Meanwhile, Legit.ng reported that the Nigerian Senate said some months ago that it would push for the sack of any head of MDAs that spends money without authorisation.

The upper legislative chamber made the statement on Tuesday, February 12, through the chairman of its committee on public accounts, Matthew Urhoghide, following misgivings about the attitude of heads of MDAs which were queried by the Auditor-General of the Federation in his 2015 report.

N10 billion fraud allegation: IGP orders probe of Udom’s appointee

Urhoghide also told the heads of MDAs to desist from sending proxies to represent them at the National Assembly.

PAY ATTENTION: Get the Latest Nigerian News 24/7. Spend less on the Internet!

In other news, the federal government has said discussions are ongoing to ensure that exited and eligible N-Power beneficiaries are absorbed into government programmes.

The minister of humanitarian affairs, disaster management and social development, Hajiya Sadiya Umar Farouq, in a statement on Thursday, August 27, in Abuja by her special assistant on media, Nneka Anibeze, said exited beneficiaries should exercise more patience and await the result of her efforts.

Farouq said she has directed Focal Persons of National Social Investment Programmes (NSIP) in the states to submit an updated list of the exited N-Power beneficiaries that are interested in participating in the transition plans of the ministry.

How Nigerians should fight corruption - civil society group | Legit TV

Kogi guber: Huge number of APC aspirants is due to my efforts, says Gov Bello

Source: Legit Newspaper

Online view pixel