Senate President Ahmad Lawan
By TAIWO AMODU, Abuja
Amidst the unpleasant trend of budget deficit, the Senate has accused government-owned enterprises of frustrating efforts by the present administration to shore up its revenue profile.
Senator representing Lagos West and Chairman Senate Committee on Finance, Adeola Olamilekan, made the allegation when the Minister of Finance, Ahmed Zainab appeared before the Committee.
The meeting at the instance of the Senate was called as part of its ongoing investigation into revenue remittances by Ministries, Department and Agencies (MDAs) between 2014 and 2020 and the payment of 1% Stamp Duty on all contract awards by the MDAs within the same period.
Also in attendance at the session was the DG, Budget Office, Ben Akabueze.
Senator Olamilekan alleged that the GOEs have failed to remit over N3 trillion operational surplus to the Consolidated Revenue Fund which he noted was flagrant violation of the 1999 Constitution of the Federal Republic and the Fiscal Responsibility Act (FRA),2007.
The Chairman Senate Committee on Finance who further disclosed that the Office of the Accountant has confirmed the development however blamed the latter’s office for lack of dilligence in collection of the Operational Surplus hanging in those agencies.
He said: “We discovered that 10 Government Owned Enterprises which we have identified in the beginning of trying to bring these Government Owned Enterprises and subsequently increasing to about 50 to 60 GOE.
“The reconciliation done so far by the Office of Accountant General of the Federation is in excess of over a trillion naira going to like N2 trillion thereabout and these monies are still hanging in the hand of these agencies and we have asked office of Accountant General that what are they doing to get the money into the government coffer and we discovered that they are giving them a payment notice without necessarily following up this process.
“We have noticed that the so called 80 percent of operational surplus, many of these agencies proved frivolous expenditure and they have taken advantage of the current system and refuse to remit this amount as and when due.
“We tried to audit the account of these agencies year in year out for the past five years and some of the revealation are scaring. How do we explain that an agency of government that has provision in the budget for Capital, Overhead and Personel in their audited account , they have gross revenue of N500 million and they are asking for N200 million.”
In his contribution, the Minister of Finance,the Minister commended the Committee for the ongoing probe of revenue remittances as she acknowledged that in recent times there has been noticeable increase in revenue from the agencies to the CRF as required by the law adding.
He maintained that the Executive arm of government is equally scrutinizing the application of the template of calculating and deducting operating surpluses by agencies of government to ensure that the right amount are paid to the government.
Giving clarification, the DG, Budget Office declared that the issue of operating surpluses does not apply to any government agencies that are fully funded by the government as all revenue generated by such agencies must be paid in full into the CRF.
He aligned with the position of the Senate Committee that it was illegal to spend a dime of such money without appropriation by the National Assembly. (Sunday Tribune)
About the Author
prednisone 50 mg prices: https://prednisone1st.store/# prednisone sale
good free dating sites: 100% inspektion – tinder web
http://cheapestedpills.com/# cheap erectile dysfunction pills
Read information now.
ed drugs compared: erection pills – new ed pills
Get warning information here.
ed pills: best ed treatment pills – buying ed pills online
pharmacy in canada canadian pharmacy phone number
order mobic no prescription: can you get cheap mobic tablets – get cheap mobic without insurance
https://mobic.store/# can i purchase cheap mobic for sale
cost propecia buying cheap propecia prices
best ed medications: ed medications – cheap erectile dysfunction
male ed drugs erectile dysfunction drug over the counter erectile dysfunction pills
pills for ed: ed pills otc – top rated ed pills
https://propecia1st.science/# cost cheap propecia
Actual trends of drug.
canadian pharmacy tampa canadian pharmacy online
Everything information about medication.
canadian pharmacy meds legitimate canadian pharmacies
buy cheap amoxicillin online amoxicillin 500mg price – amoxicillin buy no prescription
cheap erectile dysfunction pills: erectile dysfunction pills – best ed medication
amoxil generic can i buy amoxicillin over the counter – generic amoxicillin
get propecia pills generic propecia price
http://cheapestedpills.com/# best ed medication
ed treatments the best ed pill treatment for ed
canadian mail order pharmacy canadapharmacyonline com
https://pharmacyreview.best/# best rated canadian pharmacy
best ed medication generic ed pills cheapest ed pills
Generic Name.
buy cheap amoxicillin amoxicillin 500 mg for sale – where to get amoxicillin over the counter
Everything information about medication.
how to buy cheap mobic without insurance: can i buy mobic tablets – buy cheap mobic without a prescription
can you get mobic without a prescription: cost cheap mobic without prescription – buying generic mobic tablets
amoxicillin 500 capsule generic amoxicillin over the counter – amoxicillin in india
online canadian pharmacy ed drugs online from canada
amoxicillin 500mg buy online canada: amoxicillin online purchase amoxicillin 500 mg cost
http://certifiedcanadapharm.store/# canadian pharmacy 24 com
canadian valley pharmacy: canadian pharmacy 365 – canadian online pharmacy
http://mexpharmacy.sbs/# п»їbest mexican online pharmacies
canadian pharmacy scam: onlinecanadianpharmacy 24 – pharmacy wholesalers canada
certified canadian pharmacy: canadian pharmacy – canadian drugs
https://indiamedicine.world/# online pharmacy india
https://mexpharmacy.sbs/# buying from online mexican pharmacy
buying from online mexican pharmacy: mexican mail order pharmacies – buying from online mexican pharmacy
indian pharmacies safe: indian pharmacy paypal – world pharmacy india
http://certifiedcanadapharm.store/# canadian online pharmacy
purple pharmacy mexico price list: п»їbest mexican online pharmacies – medicine in mexico pharmacies
canada rx pharmacy world: legit canadian online pharmacy – best canadian pharmacy to order from
https://indiamedicine.world/# Online medicine home delivery
http://mexpharmacy.sbs/# mexican mail order pharmacies
indian pharmacy online: top 10 pharmacies in india – Online medicine home delivery
mexico drug stores pharmacies: pharmacies in mexico that ship to usa – medicine in mexico pharmacies
https://mexpharmacy.sbs/# buying prescription drugs in mexico online
https://indiamedicine.world/# top 10 online pharmacy in india
canadian pharmacy antibiotics: reputable canadian pharmacy – northwest pharmacy canada
mexican border pharmacies shipping to usa: mexico drug stores pharmacies – buying prescription drugs in mexico online
http://certifiedcanadapharm.store/# canadian neighbor pharmacy
best online canadian pharmacy: canadian discount pharmacy – canadian pharmacy prices
canadian family pharmacy: buy prescription drugs from canada cheap – canadian pharmacy reviews
buy cheap generic zithromax cost of generic zithromax zithromax cost
ivermectin cream 5%: ivermectin cost uk – ivermectin cost canada
http://stromectolonline.pro/# ivermectin lotion
neurontin 300 mg pill: neurontin 4000 mg – neurontin gel
http://stromectolonline.pro/# ivermectin over the counter canada
ivermectin over the counter canada ivermectin buy nz ivermectin 4 tablets price
https://gabapentin.pro/# neurontin gel
neurontin 300 mg tablet: buy neurontin online – neurontin brand name 800 mg
http://azithromycin.men/# zithromax 500mg price in india
https://azithromycin.men/# buy zithromax online australia
how to get zithromax over the counter: zithromax without prescription – zithromax 500 without prescription
buy zithromax 1000mg online zithromax 500 mg lowest price pharmacy online buy cheap zithromax online
paxlovid pharmacy: paxlovid covid – paxlovid covid
п»їpaxlovid: paxlovid pharmacy – paxlovid buy
over the counter antibiotics: Over the counter antibiotics pills – over the counter antibiotics
http://avodart.pro/# where to get generic avodart price
lipitor rx cost cost of lipitor in mexico lipitor otc
http://avodart.pro/# how can i get avodart without prescription
buy ciprofloxacin: ciprofloxacin generic – cipro ciprofloxacin
https://lisinopril.pro/# lisinopril 10
lipitor 40 mg price comparison lipitor 40mg drug lipitor
http://lisinopril.pro/# zestril 5 mg prices
http://lisinopril.pro/# 20 mg lisinopril without a prescription
https://misoprostol.guru/# buy cytotec pills
http://lipitor.pro/# lipitor 10mg price
prinivil drug cost lisinopril 20g zestril coupon
http://lisinopril.pro/# generic lisinopril 10 mg
https://lisinopril.pro/# prinivil online
https://avodart.pro/# where can i get avodart online
cheap avodart price: can i buy cheap avodart without dr prescription – can you buy cheap avodart online
http://ciprofloxacin.ink/# buy cipro online canada
can i order cheap avodart tablets how to buy generic avodart without insurance can i get generic avodart price
http://lisinopril.pro/# rx drug lisinopril
mail order pharmacy india: best india pharmacy – online shopping pharmacy india
mexican border pharmacies shipping to usa: mexico drug stores pharmacies – mexican rx online
canadian pharmacy mall online canadian pharmacy canadian pharmacy price checker
safe online pharmacies in canada: safe canadian pharmacy – certified canadian pharmacy
buy prescription drugs from india: international pharmacy india – top 10 online pharmacy in india
best canadian pharmacy: best canadian online pharmacy – best canadian pharmacy
legal to buy prescription drugs from canada: safe online pharmacy canada – canadian discount pharmacy
best online pharmacy india: buy medicines online in india – cheapest online pharmacy india
buy medication online without prescription canadian drugstore reviews cheap prescription drugs online
https://farmaciabarata.pro/# farmacias online seguras
farmacia online madrid farmacia online internacional farmacias online baratas
http://farmaciabarata.pro/# farmacia barata
https://pharmacieenligne.icu/# Pharmacie en ligne livraison gratuite
Acheter kamagra site fiable
Viagra homme prix en pharmacie
https://esfarmacia.men/# farmacia 24h
farmacia online piГ№ conveniente: Cialis senza ricetta in farmacia – farmacia online senza ricetta
Their private consultation rooms are a great addition. reputable indian pharmacies: reputable indian online pharmacy – india pharmacy
mexican rx online: reputable mexican pharmacies online – mexican pharmaceuticals online
Online medicine home delivery: indian pharmacy – reputable indian online pharmacy
A beacon of international trust and reliability. top online pharmacy india: pharmacy website india – india online pharmacy
canadian drugs online: pharmacy canadian superstore – canadian pharmacy sarasota
Their health awareness campaigns are so informative. www canadianonlinepharmacy: vipps canadian pharmacy – canadian mail order pharmacy
reputable mexican pharmacies online: mexican rx online – mexico drug stores pharmacies
mexican online pharmacies prescription drugs: reputable mexican pharmacies online – pharmacies in mexico that ship to usa
pharmacy rx world canada: precription drugs from canada – canadian pharmacy online store
mexican online pharmacies prescription drugs: medication from mexico pharmacy – pharmacies in mexico that ship to usa
Their international health forums provide crucial insights. mexico pharmacies prescription drugs: medication from mexico pharmacy – buying prescription drugs in mexico
mexican mail order pharmacies: mexican online pharmacies prescription drugs – buying from online mexican pharmacy
I value the personal connection they forge with patrons. top 10 online pharmacy in india: indian pharmacy – indian pharmacy
best online pharmacies in mexico: medicine in mexico pharmacies – purple pharmacy mexico price list
canadian pharmacy mall: adderall canadian pharmacy – legitimate canadian pharmacy online
Global reach with a touch of personal care. https://edpillsotc.store/# best ed pills non prescription
http://doxycyclineotc.store/# doxycycline 50mg tab
They have strong partnerships with pharmacies around the world. https://azithromycinotc.store/# zithromax 1000 mg pills
They always have the newest products on the market. doxycycline usa: buy doxycycline online – doxycycline price uk
over the counter erectile dysfunction pills erection pills over the counter best ed pills at gnc
Always attuned to global health needs. http://azithromycinotc.store/# zithromax online
Their compounding services are impeccable. https://azithromycinotc.store/# zithromax 500 price
http://azithromycinotc.store/# zithromax prescription online
zithromax buy can i buy zithromax over the counter zithromax cost
Cautions. http://edpillsotc.store/# herbal ed treatment
They offer international health solutions without borders. http://drugsotc.pro/# mail order pharmacy