NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
FG issues new guideline for collation of surplus funds

By News Express on 10/01/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 845

Kemi Adeosun.
Kemi Adeosun.

The Federal Government has issued a new guideline for the computation of operating surpluses in order to reduce cases of under-remittance of funds by revenue-collection agencies.

The guideline was issued over the weekend through the Ministry of Finance.

Financial statements are expected to contain details of projected internally generated revenue, personnel and overhead costs derived from the national budget, so as to adequately prepare estimates of revenue and expenditure of agencies.

In 2016, 33 revenue generating agencies were indicted for not remitting a total of 450 billion Naira into the consolidated revenue fund account of government.

The Finance Minister, Kemi Adeosun, has therefore warned that a violation of the three-year template would attract severe sanctions. (Channels TV)

Source News Express

Posted 10/01/2017 4:38:56 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Cholera epidemic hits Anambra

FG, Boko Haram discussing release of more hostages:...

Nigeria summons Cameroon’s envoy over Bakassi killings

US maps out security master plan to defeat...

Justice system frustrating war against corruption: Buhari

Imo lawmakers demand N40 billion unpaid oil rates...

Bombs found in Abia, military cordons off area...

Enyimba overcome Etoile Sportive, zoom into Champions League...

Lagos stands with Tinubu on devolution of power...

Abia elders, traditional rulers wade into governorship battle...

Abia Speaker empowers rural dwellers with fertilizer, urges...

Arrest, prosecute and jail African leaders who have...

 

Latest News UPDATE: Dino Melaye injured in escape bid, rushed to hospital 2 Catholic priests, 14 other worshipers dead as herdsmen unleash fresh mayhem in Benue •How it happened — Police Breaking News: Pandemonium as thugs shock police, whisk away Senator Dino Melaye Intrigues as APC picks Abuja for convention •Oyegun, Oshiomhole divide South South APC No restructuring, no 2019 election, Ijaw youths warn •Vow to stop oil flow in the region Imo APC group issues ultimatum to Okorocha El-Rufai charges incarcerated Sheikh Zakzaky and wife to court APC National Chairmanship Battle: South South Chairmen reject Oshiomhole, insist on Odigie-Oyegun Army kills armed robbers in Ibadan Falana calls for Buhai’s probe over $469m ECA scandal Switzerland returned $322.5m Abacha loot with interest — Envoy Troops waste 6 bandits terrorising Kogi

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,789 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,791 views) Shameless Genevieve Nnaji exposes breasts in public (267,901 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,297 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,160 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,224 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,932 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,279 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,173 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,109 views) Lagos plane crash: Journalist releases victims’ names (136,955 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,639 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,069) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (569) Global Business Monitor (264) International (1,926) Interview (149) Live Commentary (28) Love Matters (116) News (34,717) Opinion (916) Pidgin (10) Politics (4,810) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement