Fidelity bank banner UBA banner
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: 999

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

 

You may also like...
Mikel named new Super Eagles Captain

True Confession: No free and fair elections in...

NiMet predicts partly cloudy skies, sunny, hazy weather...

Cable TV front desk officer slammed with 22-count...

Emefiele proffers solution to economic recession, says Nigeria’s...

Aisha Buhari donates relief materials to Borno IDPs...

2 clubbed to death in Rivers Judiciary Complex...

Airport Road Repairs: You lied, Fashola tells Ambode...

Anambra budgets N166.9bn for 2018 •Targets N2.5b monthly...

NIMASA, Nigerian Gas Association make case for green...

Which way APC?: Tinubu, Akande shun crucial NEC...

116 Nigerians in Libya slave camps — FG...

 

Latest News EFCC releases photos of properties allegedly owned by Fayose 2019: Ohanaeze youths plan 2 million-man march for Atiku/Obi Presidency Panic as foreign spies abduct 8 Cameroonians in Calabar UNILAG to screen fresh students for drugs Atiku donates N10m to families of victims of Abia pipeline explosion Delta: Okowa presents N367.09 billion budget proposal for 2019 fiscal year Ugwuanyi inaugurates action committee on Enugu Airport upgrade Gunmen kill policemen, civilian in Kaduna 2019: CUPP begins search for consensus candidate BRISIN Recruitment: FG opens new portal Ezeife throws weight behind Obi as Atiku’s running mate All set for GOCOP second annual conference

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,059 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,545 views) Shameless Genevieve Nnaji exposes breasts in public (314,908 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,182 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,524 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,354 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,173 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,655 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,254 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,928 views) Lagos plane crash: Journalist releases victims’ names (161,553 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,333 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,684) Business Verdict (52) Columnists (946) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,537) Interview (165) Live Commentary (28) Love Matters (145) News (39,691) Opinion (1,124) Pidgin (13) Politics (7,260) Religion (881) Sports (1,731) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement