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Cost of governance: SEC drops hints of downsizing
On
By Levinus Nwabughiogu-Abuja
Security and Exchange Commission, SEC yesterday said it was considering an option that would help it reduce the cost of governance.
This was as the House of Representatives asked the Nigeria National Petroleum Corporation, NNPC to produce evidence of its remittances into the Federation account between 2014 and 2019.
Appearing before the House of Representatives Committee on Finance monitoring and investigating revenue remittances by the Ministries, Department and Agencies, MDAs of government into the public coffers, the Director-General of SEC, Lamido Yuguda represented by the Executive Commissioner, Corporate Services, Ibrahim D. Boyi said 80 percent of the agency’s cost was spent on staff, especially the management cadre.
Views: Visits 10 as Reps demand NNPC’s evidence of remittances into federation account By Levinus Nwabughiogu-Abuja Security and Exchange Commission, SEC yesterday said it was considering an option that would help it reduce the cost of governance. This was as the House of Representatives asked the Nigeria National Petroleum Corporation, NNPC to produce evidence of its remittances into the Federation account between 2014 and 2019. Appearing before the House of Representatives Committee on Finance monitoring and investigating revenue remittances by the Ministries, Department and Agencies, MDAs of government into the public coffers, the Director-General of SEC, Lamido Yuguda represented by the Executive Commissioner, Corporate Services, Ibrahim D. Boyi said 80 percent of the agency’s cost was spent on staff, especially the management cadre.