By; SUNDAY ODE, Abuja
The National Economic Council (NEC) on Thursday, approved the report of the forensic audit of revenue accrued from revenue generating agencies into the , Federation Account (FA), Excess Crude Account (ECA) and Consolidated Revenue Fund (CRF).
The committee headed by the Governor of Gombe State, Ibrahim Dankwambo audited 18 Agencies including NNPC, FIRS, Nigeria Customs Services (NCS), NIMASA, NPA, NCC, CBN, DPR, NPDC and many others and uncovered massive cases of unremitted revenue into the federation account.
This was disclosed by the Deputy governor of Lagos State , Dr Idiate Adebule after the National Economic Council meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
She said the committee recommended that the council should decide on repayment plans for all concerned as well as stepping up oversight function on the relevant agencies to ensure remittance as and when due.
She also disclosed that the committee recommended the proper and regular auditing of the amount of the RGAs and those of the FG and also the need for annual review of the agencies.
She said “· Council received the final report on the Forensic Audit of Revenue Accrued from Revenue Generating Agencies (RGAs) into Federation Account (FA), Excess Crude Account (ECA) and Consolidated Revenue Fund (CRF).
” The report was prepared by KPMG, and audited 18 Agencies including NNPC, FIRS, Nigeria Customs Services (NCS), NIMASA, NPA, NCC, CBN, DPR, NPDC and many others. The report covered period January 2010 – Jun, 2015.
” The report observed several cases of under-remittance and a few over remittance in some cases both by identified agencies. There were also late remittances into the various accounts.
She said Council received the report and resolved that the Ad-hoc NEC Committee on the matter be expanded to include a lawyer and an accountant.
The Deputy Governor explained that the committee would study the KPMG report and the recommendations and report back to Council at its next sitting for possible adoption.
” The Federal Government officials including the CBN Governor, the Ministers of Finance, Budget and National Planning and Minister of State, Petroleum Resources would join the expanding Committee to also take a look at the report,” she said.