FISCAL Responsibility
Commission FRC has
listed Nigerian Maritime
Administration and Safety
Agency (NIMASA), the
Nigeria Ports Authority
NPA, the Nigeria Customs
Service NCS, and four other
government agencies as serial
offenders in the crime of
non-remittance of statutory
revenue to government coffers,
an act which it says is denying
the Federal Government of
billions of Naira. According to
the FRC, the spate of disregard
to the fiscal laws of the country
by Ministries, Departments
and Agencies (MDAs) has led
to loss of billions of Naira to
the coffers of government.
It would be recalled that
President Muhammadu
Buhari has directed the
Ministry of Finance to
commence immediate
audit of the accounts of
all revenue generating
agencies. Among agencies
to be audited are the Federal
Inland Revenue Service
(FIRS), Nigerian National
Petroleum Corporation
(NNPC), Nigerian Maritime
Administration and Safety
Agency (NIMASA), the
Nigerian Customs Service
(NCS), Nigerian Ports
Authority (NPA), Nigerian
Civil Aviation Authority
(NCAA) and Nigerian
Television Authority (NTA).
The decision is part of
strategies by the Federal
Government to plug all
revenue leakages and save
monies to fund critical
infrastructure. Minister
of Finance, Mrs. Kemi
Adeosun, recently stated that
government was concerned
about the continued failure
of some agencies to remit
funds into the Consolidated
Revenue Fund CRF.
Adeosun said that
agencies like the National
Communications Commission
(NCC) and other ministries,
department and agencies
(MDAs) in the past generated
and spent government
revenues without any control.
Under the provisions of the
Fiscal Responsibility Act,
Section 107 (8), such revenue
generating agencies are
expected to remit 80 per cent
of whatever is accruable to the
“Let me remind you that
under the FRA, these boards
and corporations who generate
revenue are supposed to generate
and keep operating surplus, 80
per cent of which is to be credited
to the Consolidated Revenue
Fund. “But we have discovered
that many agencies have never
credited anything including
some whose salaries, overheads,
capital is paid by the Federal
Government. “We also discussed
that in some cases, some agencies
have a track record and history
of making sure that every Naira
they earned is spent.
We will go in and audit
agencies under Section 107 (8)
of the Financial Regulations,”
she added. Adeosun explained
that the Accountant-General of
the Federation has the powers to
go in and make inquiries about
how public money is spent. “So,
we will be sending in auditors to
some agencies where we believe
that their cost is simply excessive
and not in keeping with our
expectations,” the minister said.
According to her, government
hopes to raise a lot of savings
with which to fund part of the
deficit in the 2016 budget.
FRC however stated in
the report that some 22
agencies remitted a total of
N687,825,767,000 as operating
surpluses to the consolidated
revenue fund of government
between 2007 and 2015. This
performance indicates that the
government could have raised
trillions of naira as operating
surpluses from its agencies had
there been full compliance to the
fiscal law.
The report tagged ‘2015 Annual
Report and Audited Accounts
of the Fiscal Responsibility
Commission’ released recently
specifically listed the BPE,
NCS, NERC, NSTIF as agencies
that have never remitted any
operating surplus to government
purse as required by law
between 2007 when the Fiscal
Responsibility Act (FRA) came
into effect and 2015 when the
Commission capped the period
of the study.
The Nigerian National
Petroleum Corporation (NNPC)
and the National Environmental
Standards Regulatory Agency
(NESRA) were also listed as
agencies that have never made
any remittance to government
between 2007 and 2015, although
the state petroleum company
claims in correspondences to the
FRC that it had always operated
a negative balance sheet during
the period under review.

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