‘NNPC, others not remitting revenue to FG’ – Dailytrust

The Nigeria National Petroleum Corporation (NNPC) and some government agencies have not been remitting revenue to the Federal Government, chairman of the House of Representatives committee on finance, Rep Abdulmuminu Jibril (PDP, Kano) has said.

Rep Jibril who made the revelation yesterday at a public hearing said the amount owed by these agencies run into trillions of naira, which he said contravened provisions of the Fiscal Responsibility Act and other laws.

The biggest defaulter, according to him, is the Nigeria National Petroleum Corporation (NNPC) which, he said, has never remitted what it ought to remit to the government’s coffers in internally generated revenue and gas revenue.

Jibril lamented the level of disregard for such laws, which he said informed the committee’s decision to reinforce the Act establishing the commission to make the laws more proactive.

According to him, other defaulting agencies apart from the NNPC are National Civil Aviation Authority (NCAA), Federal Airports Authority of Nigeria (FAAN), National Examination Council (NECO), Federal Housing Authority (FHA), among others.

He said the committee decided to review existing laws in order to ensure strict compliance and to make sure that all that belong to government has been remitted to it.

In his submission, the representative of the chairman of the Fiscal Responsibility Commission, Sylvanus Mordi, said the commission’s works suffer a great deal as a result of lack of effective and up-to-date legislation.

He lamented the level of compliance to the fiscal responsibility act which he described as abysmal as there has not been improvement in the compliance record.

 

By Musa Abdullahi Krishi and Abbas Jimoh