FG will punish agencies holding back revenue - Adesoun | Nigeria News Today. Your online Nigerian Newspaper

5

The agencies indicted by a federal government audit for failure to remit over N450 billion into the government coffers between 2010 and 2015, are to be prosecuted, Finance minister Mrs Kemi Adeosun, has said.



They are to be reported to the Economic and Financial Crimes Commission (EFCC) for prosecution.

Mrs Adeosun said demand notices had been issued to affected agencies for the payment of outstanding operating surpluses, which was a violation of the provisions of the Fiscal Responsibility Act 2007.

She said the agencies had been invited to a meeting on Tuesday , to enable them submit a repayment plan or face appropriate sanctions, including deduction of amount owed directly from TSA balances, besides prosecution by the EFCC.

The defaulting agencies are: ?Nigeria Communication Commission, Nigerian Ports Authority, Nigeria Civil Aviation Authority, Bureau of Public Enterprises, Nigeria Shippers Council, National Pensions Commission, Nigeria Bulk Electricity Trading? and National Health Insurance Scheme.

Post a Comment Default Disqus

  1. No wonder that NCC was advocating for increase in data tariff. The commission is looking for money to pay back their un-remitted revenue! Barawo! So, their plan is to collude with the telecoms companies to defraud the poor masses to pay for their inefficiency. Asiri yin ti tu - Your secret is revealed!

    ReplyDelete
  2. What is the assurance that the defaulting agencies wont go back to there usual way of operation after this exercise?

    ReplyDelete
    Replies
    1. LET THEM REMIT THE ONE BEING OWNED BY THEM FIRST.
      BUT ALSO BELIEVE MEASURE WILL BE PUT IN PLACE TO PREVENT SUCH REPEAT SUCH AS TSA ACCOUNT.

      Delete
  3. Adeosun has so much up her sleeves and therefore needs our support and loyalty......Nnezi Obuma

    ReplyDelete
  4. Adeosun has so much up her sleeves and needs out support and loyalty...Nnezi Obuma

    ReplyDelete

Nigeria News Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.

 
Top