The Senate ad-hoc committee probing misuse and under
remittance of Internally Generated Revenue (IGR) has uncovered over N1.695
trillion unremitted by Federal Government agencies. The committee is also
investigating other fraudulent activities in collection, accounting, remittance
and expenditure of IGR.
The nine-member committee headed by Senator Olamilekan
Solomon Adeola, in its interim report submitted to the Senate on October 19,
2017 said 26 agencies generated a total of N21, 909,831,657,897 between
January 2012 and December last year but lamented that a total of
N1.695,585,887,406 was not remitted to Federal Government account by the
agencies within the period. It said that the Nigeria National Petroleum
Corporation (NNPC) operated a deficit account of N3,115,495,257,000,000 within
the period under review. A total of 93 agencies came under the search light of the committee.
All the federal
universities, federal colleges of education, federal cooperative and
agricultural colleges, federal science and technical colleges, federal
government colleges and others were also scrutinised. For instance, the
committee observed that the Nigeria National Petroleum Corporation (NNPC)
generated N15,541,690,052,000,000 within the period and recorded a deficit of
N-3,115,495,257,000,000. The implication of the figure for the NNPC is that it
operated at a loss within the period under review. The Nigerian Television
Authority (NTA) recorded N56,817,976,306.00 as generated revenue within
the period while its total under remittance stood at N5,567,831,176.00.
The Corporate
Affairs Commission (CAC) generate N56,319,706,498.83 but posted
N2,907,940,808.00 under remittance. The Bureau of Public Enterprise (BPE)
generated N479,115,404,000.00 and recorded under remittance of N70,485,698,800.00;
the Sugar Development Corporation of Nigeria generated N16,258,122,423.14 and
recorded under remittance of N5,595,130,103.10; Securities and Exchange
Commission (SEC) generated N30,229,951,000.00 but its under remittance was not
stated. The Nigeria Customs Service (NCS) generated N335,855,575, 759.53 within
the period under review and recorded under remittance of N83, 963,893,939.88.
It also said 25
per cent revenue of the NCS was not reported.
The committee said the Nigeria Electricity Commission generated
N25,422,019,784.70 and had under remittance of N20,319,552,361.75. Nigeria
Nuclear Regulatory Authority generated N4,663,198,042.93 and had under
remittance of -827,489,066,.14. The committee explained that 25 per cent
revenue paid into the Consolidated Revenue Fund while the remaining expenses
were over bloated. The Federal Airport Authority of Nigeria (FAAN) generated
N227, 301, 592,242.00 and under remitted N19,242,300,027.30
The Nigeria
Shipper Council made N25,405,401,068.82 but failed to remit N69, 322,017,22. The Federal Inland Revenue Service (FIRS)
generated N445,544,388,514.54 and under remitted N33,833,232,873.33. The
Nigeria Teachers Institute generated N13,163,057,006.78 and failed to remit
N984,013,375,39 while the Federal Radio Commission of Nigeria generated
N6,954,353,171.59 and recorded under remittance of N1,211,179,042.40. The
Petroleum Products Pricing Regulatory Agency (PPRA) generated
N11,560,619,050.20, remitted N1,965,574,296.76 and failed to remit
N1,778,116,748.16.
The committee said
PPPRA partially paid 25 per cent of its revenue while it over bloated the
remaining expenses. The Committee said
the Nigerian Maritime Administration and Safety Agency (NIMASA) generated
N301,160,118,548.47 and under remitted N184,489.203,618.25. It said
the National Health Insurance Scheme (NHIS) generate nil
revenue(2012-2014), made a total expenditure of N680,918,000, remitted nothing
while its under remittance was put at N6,144,,734,400.00. The committee said
the Nigerian Communication Commission (NCC) generated N217,104,325,000.00 and
under remiited N47,373,814,269.18.
The committee also
said the Nigeria Ports Authority (NPA)ge nerated N789,029,440,000.00 and under
remitted N86,636,886,800.00. It said the
Joint Admissions and Matriculation Board (JAMB) generated N49,157,057,019.00
and under remitted N636,095,144.18 The Central Bank of Nigeria (CBN) was said
to have generated N3,098,157,000,000.00 but under remitted
N13,716,755,284.00. The Nigeria Bulk Electricity Company generated
N1,320,039,182.02 and recorded under remittance of N644,045,677.73. The report
is slated for consideration this week.
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