Wednesday, 12 December 2012

Revenue generation: House committee queries AGF over 60 RGAs

The House of Representatives Committee on Finance on Wednesday queried the Accountant General of the Federation and the Ministry of Finance, over the non-remittances of 60 revenue generating agencies to the Federation Account.

The Budget Office and the Office was also queried.

The committee had earlier alleged that they colluded with the agencies to hide how much was realised in 2012 and the percentage remitted to the Federation Account. 

Section 162(1) of the 1999 Constitution, mandates all revenue-earning agencies of government to pay in some percentages of the money they generate to the Federation Account. 

Rep. Abdulmumin Jibrin (PDP-Kano), the Chairman of the committee, gave the query at a meeting he held with the Accountant-General of the federation, Jonah Otunla.

Dr Brigth Okongwu of the Buget Office and the Fiscal Responsibility Commission was also at the meeting.
He said that the committee was yet to get information on the actual receipts of oil and non-oil revenue from the agencies for 2009 to date.

Jibrin also said that the committee had not been given documents on the 2013 Revenue Framework from the Fiscal Responsibility Commission and the Ministry of Finance as well as the revenue projections for 2013 to 2016. 

He stressed that the committee needed the documents in advance to enable it study them before the meeting.
The lawmaker expressed regrets that the ministry and other government agencies were frustrating the work of the committee. 

Jibrin said that no fewer than 15 big revenue-generating agencies refused to appear before the committee to explain their revenue profiles.

Responding, Otunla insisted that the staff of his office had earlier submitted documents on revenue-generating agencies to the secretariat of the committee. 

The meeting which was, however, postponed due to the non-submission of vital documents by the agencies, is expected to continue on Thursday. 

The committee began investigation into internally-generated revenues of government agencies last week

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