Reps Uncover N113bn Unremitted IGR In 35 MDAs

The Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC) and 34 other revenue generating agencies have short-changed the federal government for N113.8 billion as the agencies only remitted N11.8 billion or 9.41 per cent of their internally generated revenue (IGR) of N125.6 billion in the outgoing 2012 fiscal year.

The Committee of Finance of the House of Representatives made this startling revelation in its report over poor remittance of internally generated revenue to the Consolidated Revenue Fund by the government agencies.

The report, which will be presented to the House in due course, was exclusively obtained by LEADERSHIP yesterday. According to the report, some of the agencies indicted over inadequate revenue remittances include the Nigerian Ports Authority (NPA), the Federal Airports Authority of Nigeria (FAAN), Nigerian Civil Aviation Authority (NCAA), Standards Organisation of Nigeria (SON), PENCOM, NIMASA, AMCON, JAMB, WAEC, NECO and NEPZA (Nigeria Export Processing Zone).

http://www.leadership.ng/nga/articles/42112/2012/12/10/reps_uncover_n113bn_unremitted_igr_35_mdas.html

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