N4bn for WhatsApp tracking, N60bn for COVID-19 vaccine highlights of 2021 supplementary budget thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
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PENULTIMATE week, the Senate approved the 2015 report of its committee on Public Accounts which indicted 59 ministries, departments and agencies (MDAs) of the government, asking them to return over N300 billion to the Federation Account. In addition, it faulted the Nigerian National Petroleum Corporation (NNPC) over its non-remittance of N3.8 trillion realised from crude oil sales in 2015 alone while mandating the anti-graft agencies, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to go after the government officials responsible for diverting funds during the year under review. For over a year, the Senate Committee on Public Accounts had been investigating the expenditures by federal government agencies from 2015 – 2018 based on audit report by the Auditor-General for the Federation.
Murder Case: Nursing Group Seeks Reinstatement Of 3 Members Acquitted africanexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanexaminer.com Daily Mail and Mail on Sunday newspapers.
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The upper chamber noted that the non-remittance of N67.51 billion for 2013 and 2014 into the consolidated revenue fund (CRF), being 25 percent of its internally generated revenue (IGR) contravened the Fiscal Responsibility Act 2007.
It added that the failure to remit capitalised interest to the CRF, “totalling” N99.71 million, between 2013 and 2014 contravened Rule 236 of the Financial Regulations.
In May 2021, the senate committee on finance had
invited heads of 60 government-owned firms, including the ports authority, to explain the failure to remit various funds running into about N3 trillion to the federal government’s account.
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In a statement signed by Ezrel Tabiowo, special assistant (press) to the senate president, on Wednesday, the upper chamber mandated the Economic and Financial Crimes Commission (EFCC) to investigate the accounting officer under Rule 3112 (I and II) of the Financial Regulations.
Senate Asks NPA, BPE, 57 Others to Refund N300bn thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.