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CBN, FIRS, NNPC Get Seven Days To Submit Accounts - Politics (2) - Nairaland

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Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by Dgr8hassiE(m): 7:41am On Nov 21, 2019
Yinxies:
Nice call

What about EFCC?




Madam EFCC is not a revenue generating agency.
Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by SoNature(m): 7:44am On Nov 21, 2019
designking:
Only ministries and government agencies used as conduit pipe for syphoning funds and sponsoring politicians don't care about audit.

Nigeria ministries are not accountable and are den for thieves.

The politicians have built the system to aid corruption and looting. The Senate should submit their own audit of how they spent their constituency project money.

I find it difficult to understand why legislators, who are supposed to be enacting laws, are given funds to fianance projects in their community.

What's the federal ministry of works doing?

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Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by thundafire: 9:19am On Nov 21, 2019
DonCaxton:
What happens if the agencies call their bluff? What will the National Assembly do? I'm just curious.

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Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by Digitalstarlite: 9:49am On Nov 21, 2019
I guess this set senators in this tenure wants to curb corruption or help the masses...
Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by Berankis: 10:07am On Nov 21, 2019
It is a step in the right direction, even though it is coming on the heels of the Presidency asking the ICPC to probe the National Assembly members' Constituency Allowance expenditure. The NA now resorted to also scrutinizing all the Federal Departments and Agencies in turn, but it's all for the good of the nation. Let's carry on...
Re: CBN, FIRS, NNPC Get Seven Days To Submit Accounts by BlackBovi: 1:19pm On Nov 21, 2019
omowolewa:
Sunday Aborisade , Abuja
The Central Bank of Nigeria , the Federal Inland Revenue Service , the Nigerian National Petroleum Corporation and 22 other revenue generating agencies have been given seven days ultimatum by the Senate to submit their audited accounts.

The Senate Committee on Public Accounts issued the ultimatum to the 25 federal agencies on Wednesday.

The panel said the firms should forward their records regarding their income and expenditure operations from 2017 to 2019.

Chairman , Senate Public Accounts Committee , Mathew Urhoghide , said the agencies were given the last opportunity to respond to the call for submission of their audited accounts.
He said making public the accounts of the agencies was necessary to ensure accountability and transparency in the management of public funds as well as guarantee economy , efficiency and effectiveness.

He listed the Office of the Accountant- General of the Federation , Federal Capital Territory Administration, Assets Management Corporation of Nigeria , and the Niger Delta Development Commission as defaulting agencies.

Others, according to him , include the National Agency for Science and Engineering Infrastructure and the Nigerian Investment Promotion Council.

Also on the list are Federal Airports Authority of Nigeria , Nigeria Football Federation , Federal Roads Maintenance Agency , National Space Research & Development Agency , Nigerian Building and Road Research Institute , and the Nigerian Maritime Administration and Safety Agency.

They also include Petroleum Equalisation Fund Management Board , Ministry of Niger Delta Affairs , and Presidential Amnesty Programme .
The rest are the Small and Medium Enterprises Development Agency , Federal Road Safety Corps , Nigerian Airspace Management Agency , National Insurance Trust Fund , Industrial Training Fund , Nigerian Railway Corporation , and National Primary Health Care Development Agency.

Urhoghide said the correspondences had been sent to relevant institutions of government seeking their responses .
He said it would enable the committee to carry out special oversight functions in line with Sections 85 , 88 & 89 of the Constitution of the . Federal republic of Nigeria.

He said , “ In the light of this , all the defaulting agencies are by this notice given the last opportunity to make submissions before their invitation to the scheduled public hearings .
“In view of the fact that some agencies have already defaulted in their submission deadline , notice is hereby issued to defaulting MDAs and other organisations of government.

“They should without further delay make submissions within seven days that is, 27 November , 2019 on their responses to the issues raised by the committee in its various correspondences regarding their income and expenditure operations from 2017 to 2019 . ”
Copyright PUNCH .

https://punchng.com/cbn-firs-nnpc-get-seven-days-to-submit-accounts/

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