Senate mandates CBN, FIRS to submit expenditure accounts or face consequences


The Senate on Wednesday, November 20; issued a 7-day ultimatum to the Central Bank of Nigeria, the Federal Inland Revenue Service; and others to tender their statements of income and expenditure accounts spanning from 2017- 2019 to do so or face dire consequences.

Other agencies are the Federal Airport Authority; Asset Management Corporation of Nigeria and the Office of the Accountant General of the Federation; Federal Capital Territory Administration, Niger Delta Development Commission, Nigerian Investment Promotion Council; Federal Airport Authority and National Agency for Science and Engineering Infrastructure.

The Senate also urged the defaulting agencies to submit their lingering responses; on issues raised about the belated statement of accounts as contained in their earlier exchanged correspondences.

Those invited also include Presidential Amnesty Program, Ministry of Niger Delta Affairs; Petroleum Equalization Fund Management Board, Nigerian Petroleum Development Company; Nigeria Railway Corporation and Small and Medium Enterprises Development Agency.

The Senate also invited the Federal Road Safety Corps; Nigerian Airspace Management Agency, Nigeria Insurance Trust Fund and National Primary Healthcare Development Agency.

This development was a sequel to the press briefing of the Public Account Committee (PAC); which revealed that some Ministries, Departments and Agencies (MDAs) of the federal government; have not disclosed their accounts for years, as stipulated by law.


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