Senate probes revenue generating agencies, misuse of IGR

Posted by Mayowa Okekale, Abuja | 30 November 2016 | 1,887 times

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The Nigerian Senate has resolved to constitute a high powered Ad-Hoc Committee to investigate alleged misuse, under remittance/non remittance and other fraudulent practices in IGR collection, accounting, remittance and expenditure by all revenue generating agencies between 2012 and 2016.

‎The senate resolution at Tuesday plenary followed ‎a motion tagged “The Urgent Need to Investigate Revenue Generating Agencies over alleged Leakages, Non Remittance and Misuse of Generated Revenue”, which was sponsored by Senator Solomon Adeola from Lagos West.

Leading the debate on the motion, Senator Adeola expressed worries that corporations and agencies of government have over the years grossly violated letters of the Constitution, noting that the Fiscal Responsibility Act 2007 was enacted, to ensure transparency and accountability.

He also worried that despite dwindling oil revenues, agencies are still short changing government of needed revenues.

In their interventions other law-makers who spoke on the motion pointed out that agencies should look inwards to generate revenue.

In his remarks, Senate President Bukola Saraki, while commending Senator Adeola for the motion, said that independent revenue and non oil revenue are very important, adding that agencies are not meeting their targets yet there is abuse of surplus and & nbsp; it will help 2017 budget if we block leakages.

Members of the Ad-Hoc Committee include Senators Andy Uba, John Enoh, Yusuf Abubakar, Yahaya Abdulahi, Fatimat Rasaki and Solomon Adeola as Chair.

•Photo shows Senate President Saraki.


Source: News Express

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