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Outrage As CAC Spends N7.8bn Above Earnings In Four Years - Politics - Nairaland

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Outrage As CAC Spends N7.8bn Above Earnings In Four Years by MANDIPUTIN: 9:14am On Sep 07, 2021
*Squanders N284.354m in staff uniforms, members allowances
*Budgets 155m, 45m on consultancy, Audit fees in 2021.

*Reps orders Zero allocation for Agency in 2022 budget.


The Corporate Affairs Commis­sion (CAC), one of the revenue generating agencies of the Fed­eral Government, has operated in con­tradiction as a liability rather than generate income for gov­ernment since 2016, documents submitted to the House of Rep­resentatives have shown.

In four years, CAC spent N7.738 billion above its earn­ings, according to the docu­ments.

The revelation came to the fore at the recently concluded interactive sessions between the House Committee on Finance and government ministries, departments and agencies (MDAs), to gauge revenue projections ahead of the 2022–2024 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Papers (FSP).

However, in the course of en­gaging with the CAC, series of documents tendered regarding budget performances in the last five years threw up more ques­tions than the management of the commission could answer.

Apart from 2020 when the commission made a surplus of N5.9 billion, a careful examina­tion of the documents present­ed to the House revealed that it has been spending far above its generated revenue since 2016, leaving the committee to won­der where the extra expended funds came from.

The records showed that the CAC spent over N2.483 bil­lion above its revenue in 2016, N1.239 billion in excess in 2017, N988 million in 2018, N1.083 bil­lion in 2019 and N1.945 billion in the first quarter of 2021.

The records also revealed that the CAC made a huge expenditure in both local and foreign travels between 2016 amounting to N434.451 million for local travels and N336.649 million for foreign travels, amid complaints from staff that training exercises and trips both local and foreign have not been forthcoming in last five years.


Some middle level and management staff contacted by Daily Independent denied making any official journey within the period under re­view, whilst noting that if such trips were undertaken, the beneficiaries must have done so secretly.

According to them, since the coming of the President Muhammadu Buhari-led administration, local travels in the agency had become scarce, let alone foreign trips, just as they wondered how the said amount could have been spent on trips without them partaking in any.

A senior staff, who spoke under the plea of anonymity, urged the Parliament to “de­mand records of such trips in the form of flight tickets, hotel accommodation receipts, train­ing certificates, as well as state­ment of accounts bearing es­tacode payments and for what purpose and date of receipt.”

Even though the Registrar General, Mr. Garba Abubakar, told lawmakers that the com­mission has not made any new recruitment for the past three years, the document revealed that it spent about N2.9 mil­lion, N1.059 million and N1.574 million for “new staff orien­tation/certificate verification exercise in 2018, 2019 and 2020, respectively.”

Another unverified claim by the commission’s management is the purchase of “staff uni­form” to the tune of over N220 million in an agency where cor­porate dressing is mandatory for employees.

Investigation by this news­paper revealed that only driv­ers, not up to 100 nationwide wear uniform in the commis­sion, as security guards who work at the commission are outsourced from private secu­rity firms.

However, the documents be­fore the House reveal that the agency spent N51.890 million for staff uniform in 2016, N52.054 million in 2017, N53.710 million in 2018, N570,750 in 2019, N9.783 million in 2020 and N52.050 in the first quarter of 2021.

Similarly, it spent N25.905 million and N6.393 million on what it described as com­mission members expenses and commission members allowances in 2020, with the documents revealing further that the CAC has already spent N20.833 million and N10.416 mil­lion as at the end of May, 2021 on the same subhead.

It was also observed that the commission budgeted a whop­ping N25 million as audit fees for the 2021 fiscal year and another N20 million for what it referred to as “QMS Audit expenses,” while it has already spent N17.2 million as audit fees as at the end of May 31, 2021 and another N6.6 million on QMS expenses.

It also planned to spend a whopping N155 million on consultancy in 2021 and as at the end of May, 2021, it has expended N32.2 million of the amount, while spending N142 million at the end of May on ease of doing business, out of a budget of N330 million.

https://independent.ng/outrage-as-cac-spends-n7-8bn-above-earnings-in-four-years/

1 Like 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Sunnybay7: 9:36am On Sep 07, 2021
However, the documents be­fore the House reveal that the agency spent N51.890 million for staff uniform in 2016, N52.054 million in 2017, N53.710 million in 2018, N570,750 in 2019, N9.783 million in 2020 and N52.050 in the first quarter of 2021.
Ladies and gentle men we have been defrauded, are they wearing bullet proof vest to work?

61 Likes 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by OutisComputers7: 11:28am On Sep 07, 2021
No body is going to jail and that's the problem

It's funny to see NASS santion them like they haven't spent much more with no tangible result.

39 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by BruncleZuma: 11:28am On Sep 07, 2021
Nah their way

5 Likes 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by NamelessOGBENI(m): 11:28am On Sep 07, 2021
First to comment.
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by brosom(m): 11:28am On Sep 07, 2021
EFCC OYA FOOD DON READY grin

6 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by STEWpid(f): 11:29am On Sep 07, 2021
It is no longer a news!

Next please...

21 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by fastseo: 11:29am On Sep 07, 2021
cheesy
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Dikaveli(m): 11:29am On Sep 07, 2021
No matter the amount of what we say honestly it won't change any damn thing

10 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Guyman02: 11:29am On Sep 07, 2021
Don't worry, very soon they won't be getting VAT from southern states for this high level profligacy.
All the agencies that are spending way above their statutory earnings and budgets under this administration are headed by Northerners.
EFCC won't go after them, they only make noise about seizing cars from the wicked Yahoo Boys in the South duping foreigners.

14 Likes 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by alizma: 11:29am On Sep 07, 2021
And do you know that this thieves charge 5,000 just for someone to reprint his documents if you fail to print it after 7days?
I was shocked when I went back to print one of my documents from my page online and they they said I can't print until I paid 5k because I was supposed to print them within 7days after the registration.
Note:
***This is entirely different from the registration fees itself.
***The documents I right there on your dashboard but they will restrict your access to the documents if for any reason you can't print within 7days, until you pay additional 5k before you can have access to the documents on your dashboard.
***Ordinarily they are not supposed to have control over your access to things on you dashboard, their access should be limited attempt to alter submitted information.

8 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by jasmine1600: 11:29am On Sep 07, 2021
Nothing will happen,
no body will lose his job as long as his a Northerner.
Nothings will happen. This is Nigeria.
The masses are being raped back to back.

8 Likes 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Winters23: 11:30am On Sep 07, 2021
let them scatter this jungle already

grin
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by IsaacRocks(m): 11:30am On Sep 07, 2021
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Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by pepetua(m): 11:30am On Sep 07, 2021
What is outrageous in it, the money spent or the people that spend it ? because I don't understand.
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by bankolefun(m): 11:30am On Sep 07, 2021
The only CAC ,i know is Christ Apostolic church..�

Check my signature..
You fit need my service soon..

1 Like

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by faithfull18(f): 11:30am On Sep 07, 2021
Since when did CAC start wearing uniforms

8 Likes 1 Share

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by TarOrfeeek: 11:31am On Sep 07, 2021
Gen Failure.

2 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Maranzano(m): 11:31am On Sep 07, 2021
Let the relevant government agencies carry out investigation to ascertain the veracity of these claims. There is systemic corruption in Nigeria Public Service. I hope those found culpable will be brought to book.
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by DropsMic(m): 11:31am On Sep 07, 2021
The only place a black man can work without stealing is in a white man's country because over there they know if they Bleep up, the system will Bleep them up too...

5 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Snitch24(m): 11:31am On Sep 07, 2021
Lmao
The next election will definitely be the most expensive yet

3 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Nonyeadamu: 11:32am On Sep 07, 2021
At the end of the day, nothing will be done to the officials when we clearly know they're from the north.

3 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by donsola(m): 11:32am On Sep 07, 2021
rippers and looters
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by HIGHESTPOPORI(m): 11:32am On Sep 07, 2021
Embezzlement everywhere .
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by dfrost: 11:32am On Sep 07, 2021
cheesy

Everything in Nigeria is cruise. cheesy

Bulletproof iron clad uniforms.
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Enudapan: 11:32am On Sep 07, 2021
Nah eh! No qualms
This is so unsophisticated
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Lexusgs430: 11:33am On Sep 07, 2021
EFCC would see this ó..... Nah global nonsense, den go dey talk..... cheesy

4 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Thegoodtravels: 11:33am On Sep 07, 2021
This is serious.
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Sirjamo: 11:33am On Sep 07, 2021
This is outrageous. The EFCC must investigate and prosecute.


Why can't the various committees of the National assembly be doing this on quarterly basis, so as to quickly discover such fraud before it's too late? Why wait for five years?

2 Likes

Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by bencarson007(m): 11:34am On Sep 07, 2021
All these stealings go soon stop
Re: Outrage As CAC Spends N7.8bn Above Earnings In Four Years by Jiokejohn: 11:35am On Sep 07, 2021
Do they need uniforms to operate?

Of what need is the uniform?

Please tell us how much Police, army, road safety, etc. spend on uniform yearly.

4 Likes

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