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Senate directs NBET to remit N132 million into CRF

Senate directs NBET to remit N132 million into CRF
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Mathew urhoghideSenate committeeRevenue fundSenate public accounts committeeRed chamberSenate committee on publicNigeria bulk electricity tradingConsolidated revenue fundAuditor generalPublic accountsDrivers uniformFinancial regulationsSenator mathew urhoghideAccounting officerFinancial regulationசெனட் குழு

Senate tells NBET to refund N132 million spent on drivers uniforms

Senate tells NBET to refund N132 million spent on drivers uniforms
dailypost.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.ng Daily Mail and Mail on Sunday newspapers.

Mathew uroghideSenate committeeRevenue fundSenate committee on publicPublic accountsNigeria bulk electricity tradingConsolidated revenue fundSenator mathew uroghideAuditor generalசெனட் குழுவருவாய் நிதிசெனட் குழு ஆன் பொதுபொது கணக்குகள்நைஜீரியா மொத்தமாக மின்சாரம் வர்த்தகதொகுக்கப்பட்டு வருவாய் நிதிதணிக்கையாளர் ஜநரல்

Senate tells NBET to refund N132 million spent drivers uniforms

Senate tells NBET to refund N132 million spent drivers uniforms
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Egbin Power plans $2bn investment plan

He also said the debt which the Nigeria Bulk Electricity Trading PLC (NBET) owes the plant has reached N388bn. Adesina said Egbin, which “has invested $1bn in its value chain, is perfecting an investment plan of $2bn for expansion.” He gave the breakdown of the proposed investment to include $1.8bn for Egbin Power 2 and overhaul of the existing plant as well as $200 million for its estate. He said the plant has the capacity to deliver 1320 Megawatts (MW) but was generating 400MW as at the time the firm took over, but it has been overhauled with capacity surging to over 800MW.

Theodore orjiEgbin power plcNigeria bulk electricity tradingSenate committee on privatisationManaging directorSenate committeeEgbin powerSenator theodore orjiநைஜீரியா மொத்தமாக மின்சாரம் வர்த்தகநிர்வகித்தல் இயக்குனர்செனட் குழு

Senate asks NPA to refund $37 6m, N67 51bn unremitted revenues

Advertisement 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. Advertisement 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.

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