Reps demand details of CBN, NNPCL’s unremitted operating surplus

Query OAGF over deductions from MDAs’ accounts By Gift Chapi Odekina The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and other government agencies.

Speaking on the OAGF’s policy of automatic deductions from the accounts of government agencies, the Accountant-General explained that the initiative was introduced as an advance recovery mechanism for operating surplus due to the Federal Government.

He noted that despite statutory requirements for government-owned enterprises to remit a significant portion of their operating surplus to the Federal Government, several agencies still had outstanding obligations.