Senate warns MDAs over failure to honour invitations, threatens sanctions

Vows to Invoke Constitutional Powers Against Defaulting Agencies…Gives Ogun-Osun River Basin Development Authority Two Weeks to Reconcile Financial Records By Henry Umoru ABUJA — The Senate has urged the Federal Government to intervene and ensure that Ministries, Departments and Agencies (MDAs) honour invitations to appear before legislative committees to account for the remittance of internally generated revenue (IGR) and operating surplus into the Consolidated Revenue Fund (CRF).

Meanwhile, the Senate Committee on Finance has given the Ogun-Osun River Basin Development Authority (OORBDA) a two-week ultimatum to reconcile its financial records with relevant government agencies or risk sanctions, including suspension of budget releases.

The Fiscal Responsibility Commission supported the committee’s position, explaining that agencies could only retain internally generated revenue under exceptional circumstances where approved operational costs had not been funded by government.