MDAs failed to account for N1.2trn –FRC The Punch
Published 19 May 2021
The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn.
The commission said this is according to audit reports of some MDAs and unaudited accounts of others.
The FRC also said MDAs have remitted operating surpluses of about N2.15tn since inception.
The commission, however, listed 32 MDAs that have yet to present their audit reports to it since since 2007 when it was established.
The Executive Chairman, Fiscal Responsibility Commission, Mr Victor Muruako, stated this at a press conference held at the National Assembly in Abuja on Wednesday.
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