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Government Agencies Hides Revenue While Buhari Regime Borrows Massively – Reps

Government Agencies Hides Revenue While Buhari Regime Borrows Massively – Reps
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Abuja federal capital territoryJames falekeEmeka iseogwuNigeria port authorityNigeria communication commissionNigeria copyright commissionNigeria communication satellite ltdHouse committee onNigeria investment promotion commissionNigeria postal serviceNigeria meteorology agencyNigeria export promotion councilAfrican examinerfeaturedLatest newsNews acrossHouse committee

Reps fume as FG borrows N5 62trn to fund 2022 budget deficit - Nigerian News Latest Nigeria News Your online Nigerian Newspaper

Reps fume as FG borrows N5 62trn to fund 2022 budget deficit - Nigerian News Latest Nigeria News Your online Nigerian Newspaper
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Abuja federal capital territoryJames falekeEmeka iseogwuNigeria port authorityNigeria communication commissionNigeria copyright commissionNigeria communication satellite ltdHouse committee onNigeria investment promotion commissionNigeria postal serviceNigeria export promotion councilNigeria metrology agencyFederal governmentHouse committeeTerm expenditure frameworkFiscal strategy paper

UNREMITTED FUNDS: NDLEA, SON, 30 other agencies owe FG N1 2trn -

By Tordue Salem The Fiscal Responsibility Commission (FRC), yesterday, disclosed that 32 Ministerial Departments and Agencies (MDAs), including the Nigeria Drug Law Enforcement Agency (NDLEA), Standard Organisation of Nigeria (SON), Bank of Industry (BoI) and Bank of Agriculture (BoA) are owing the federal government over N1.2 trillion in revenues they generated but failed to remit to the federation account as required by law since 2016. The agency’s Executive Chairman, Barr. Victor Muruako, made the disclosure during a press briefing at the National Assembly (NASS). He stated: “Sadly, many MDAs still persist in defaulting and practically keeping money away from the federal government’s reach for funding its budgets. Our records indicate that over N1.2 trillion is still in the hands of defaulting MDAs.

Kainji lakeNigeria generalMiyetti allahTordue salemVictor muruakoNigerian railway corporationNational space researchNational food reserve agencyChad basin national parkFiscal responsibility commissionNigeria drug law enforcement agencyNigeria copyright commissionTechnology institute of nigeriaHadejia jamaare river basin development authorityStandard organisation of nigeriaNational business

32 agencies fail to remit N1 2trn — FRC

He said the commission had already designed a template and would liaise with all relevant agencies to deduct from the source, from defaulting agencies which would be enabled by the Treasury Single Account. He listed the defaulting agencies as the Administrative Staff of College of Nigeria, the Bank of Agriculture, the Bank of Industry, the Cement Technology Institute of Nigeria, the Centre for Black African Arts and Civilization, the Chad Basin National Park, the Federal Radio Corporation of Nigeria, the Gashaka Gumti National Park, the Gurara Water Management Authority, the Hadejia-Jama’are River the Basin Development Authority, the Integrated Water Resources Development Agency, the Kainji Lake National Park, the National Broadcasting Commission.

Kainji lakeNigeria generalChad basinNiger generalAbuja federal capital territoryVictor muruakoNigerian railway corporationNational space researchNational food reserve agencyChad basin national parkFiscal responsibility commissionNigeria copyright commissionTechnology institute of nigeriaNational businessNational drug law enforcement agencyWater resources development agency

Trader jailed for pirating Bible in Akwa Ibom

Punch Newspapers Sections Oluwatosin Omojuyigbe Justice F. O. Riman of the Federal High Court, Uyo, Akwa Ibom State, has sentenced a trader, Chinonso Ugochukwu to one year imprisonment for pirating the Bible. Ugochukwu was arraigned on two counts bordering on pirating, being in possession and offering for sale various literary works. The offence contravened Section 20(2)(c) of the Copyright Act, Cap C28, Laws of the Federation of Nigeria. During the trial, one of the prosecution witnesses, Martins Umoh, an employee of the Nigeria Copyright Commission, told the court that the agency received complaints from copyright owners, including the Bible Society of Nigeria, alleging that their literary works were being pirated.

Akwa ibomAkwa ibom stateFederation of nigeriaMartins umohOluwatosin omojuyigbeOluwafemi akindeleChinonso ugochukwuBible society of nigeriaLaws of the federation nigeriaNigeria copyright commissionFederal high courtBible societyHoly bibleBill roadJustice rimanAkwa ibom trader