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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. ....

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MDAs failed to account for N1.2trn –FRC - Punch Newspapers


Punch Newspapers
Sections
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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MDAs failed to account for N1.2trn –FRC


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. ....

Kainji Lake , Nigeria General , Abuja Federal Capital Territory , Victor Muruako , Nigerian Railway Corporation , National Space Research , National Food Reserve Agency , Chad Basin National Park , Fiscal Responsibility Commission , Technology Institute Of Nigeria , National Business , National Drug Law Enforcement Agency , Solid Minerals Devt , Gashaka Gumti National Park , Development Agency , Water Resources Development Agency , Nigerian Content Development , National Assembly , National Council Of Arts , Nigeria Agricultural Quarantine Service , National Troupe , National Sports Commission , Nigerian Copyright Commission , Radio Corporation Of Nigeria , National Theatre , Medium Enterprises Development Agency Of Nigeria ,