Reps direct Accountant-General to disclose CBN, NNPC revenue debts, probe MDA fund withdrawals
The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to submit comprehensive records of outstanding revenues allegedly owed to the federal government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other revenue-generating agencies.
The committee directed the Office of the Accountant-General to provide detailed records of outstanding revenue remittances by government agencies, as well as documentation on all withdrawals, refunds and outstanding balances involving statutory funds belonging to MDAs currently under investigation.
He explained that under existing financial regulations, about 70 per cent of the eligible operating surplus is expected to be paid into the federal government’s account, adding that other agencies, including the Federal Airports Authority of Nigeria (FAAN), have made substantial remittances.
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