Deji Elumoye in Abuja
The Senate has disclosed that no fewer than 60 federal government agencies failed to remit over N3 trillion generated revenue into the Federation Account from 2014 to 2020.
This is just as the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said that some of the affected parastatals have started crediting government coffers with the outstanding revenues they generated in the last six years.
The Senate Committee on Finance headed by Senator Olamilekan Adeola made the allegation in the course of investigating revenue remittances by MDAs between 2014-2020 and payment of one per cent Stamp Duty on all contract awards by the MDAs within the same period.
Over N2 trillion revenue trapped in federal agencies, Senate raises the alarm tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Chairman of Senate Committee on Finance, Solomon Olamilekan Adeola has revealed that over N3 trillion may have been spent on frivolous expenditures by Ministries, Departments and Agencies of government.
Adeola who represents the Lagos West Senatorial district in a statement signed by his Media Adviser, Chief Kayode Odunaro on Sunday noted that the ongoing committee investigation of over 700 MDAs showed serious financial infractions with respect to the provision of Fiscal Responsibility Act, 2007.
He said the quoted amount was already generated by the agencies before it was spent as revealed in the ongoing investigation into revenue remittances by MDAs between 2014 and 2020 as well as the payment of 1% Stamp Duty on all contract awards by the MDAs within the same period.
Tuesday, 20 April 2021, 6:18 am
LAMPUNG, Indonesia, Apr 19, 2021 - (ACN Newswire) -
State-Owned Enterprises (SOE) Minister Erick Thohir was at
the Port of Semangka Bay, Kota Agung, Tanggamus Regency for
the April 15 arrival and inauguration of the PERTAMINA
PRIDE, a Very Large Crude Carrier (VLCC) commissioned by
Pertamina International Shipping (PIS), the shipping
sub-holding of PT Pertamina.
PERTAMINA
PRIDE VLCC, with its capacity of 2 million barrels, aims to
simplify the flow of energy and secure the supply of captive
crude needs to Pertamina s refinery FOB Ras Tanura - Cilacap
(4/15).
The ceremony was held onboard the
supertanker, where the Minister was joined by Pertamina