Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

Reps to plug revenue leakages of MDAs

04 December 2012, 16:16

Abuja - The House of Representatives on Tuesday in Abuja promised to work toward plugging all revenue leakages of Ministries, Departments and Agencies (MDAs) in line with the Fiscal Responsibility Act 2007.  

 Speaker Aminu Tambuwal said this at a meeting of the House of Representatives Committee on Finance with revenue generating agencies of government.  

Tambuwal, who was represented by the Deputy Speaker Emeka Ihedioha said that MDAs would be made to account for and remit adequately revenues generated to the consolidated account.

He said that there was no discretionary approach to remittances to the Federation Account.

  “The method of remitting the revenue and the government account or fund, where it may be remitted may be different.

“There is, however, no room for discretionary approach to revenue remittances, " he said.  

 He noted that some MDAs had failed to remit adequately revenues generated to the consolidated account of government.   

The speaker said that the house was considering a law that would ensure that agencies of government complied with revenue remittances.  

"New legislation may be considered to ensure compliance so that the nation would earn what is due to it from the revenue earning departments and agencies of government.

 "MDAs will be made to account for and remit to the Consolidated Revenue Fund of the Federation incomes received on behalf of the Federal Government,” he said.  

The speaker warned that the practice whereby agencies of government spent their funds at their discretion would no longer be tolerated.  

 "A situation where more than 50 per cent of actual government revenue is spent outside the national annual budget has put Nigeria in a fiscal crisis.   

"It makes our budgeting system inefficient, ineffectual, and opaque. It does not promote accountability, transparency,'' he said.  

He noted that the constitution and laws on revenue generation had been variously breached by government agencies.  

"The Constitution and our laws on revenue generation and expenditure have been observed more in breach, "he said.  

He urged relevant committees of the house to propose amendments to any existing laws that were unconstitutional.  

Earlier, Rep. Abdulmumin Jibrin (PDP-Kano), Chairman of the committee, said the meeting was not to probe or investigate any agency but a fact finding exercise, “to make our budget more transparent.”  

He observed that agencies spent what they generated contrary to the provisions of the Fiscal Responsibility Act.  

According to him, the meeting will enable the committee to track previously uncaptured internally generated revenue of government.  

He said that the meeting would also help to monitor agencies compliance with the provision of the Act.  

Jibrin noted that there was always a discrepancy in figures between the Budget office and the Agencies.  

Reflection of surpluses in the revenue framework instead of gross collections as on other revenue sub heads.  

He noted that Internal laws of the agencies seemed to empower the agencies to spend their revenues that is not provided for in the constitution.  

Agencies of government present at the meeting were NAN,NDIC, BOI,National Lottery Regulatory Commission among others.  

However, 15 agencies absent on the occasion were CBN, NCC, Nigeria Customs Services, NPA, NNPC and FAAN among others.  

They were given up till Wednesday to appear before the committee.

NAN

NEXT ON NEWS24 NIGERIAX

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Peregrino Brimah.
Liberia: Between Ebola And the ty...

The Sirleaf reign as president, as her stint in America’s big corp, has been tainted with allegations of corruption and nepotism and now with the Ebola epidemic.  Read more...

Submitted by
MARTIN BECK NWORAH
I am sorry

There is always a point in one's life when you'll sit down,shut your outer thoughts and meditate on the things that really matter. Read more...

Submitted by
Ajayi Osahenoma
Heaven and hell

There are two place we all are heading to, Heaven or hell, these two are matters of choice. Read more...

Submitted by
Omorogbe Dan Endurance
Change dear universe

Everything that’s happening in the universe today, are happening as a result of our actions, what we are doing and what we are not doing. Read more...

Submitted by
Chidi Anyaehie
What is Faan up to?

Since the exit of the former aviation minister Stella Odua, FAAN has constituted themselves into another NCS, but that's not all. Read more...

Submitted by
SAMUEL UFOT EKEKERE
Time for change: Now or later

Even amongst people of little or no spiritual attributes, there is a strong tendency towards waiting. Read more...