WorldStage Newsonline– The Senate has expressed concern over consistent failure of some critical revenue generating agencies to respond to expenditure queries raised by Office of Auditor-General for the Federation, (OAGF) and vowed to report and recommend sack of the chief executives of such agencies to President Bola Ahmed Tinubu for appropriate action.
Some of the agencies that failed to appear before the committee to answer to the audit queries to include: Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), Nigeria Customs Service (NCS) and Nigerian National Petroleum Company Limited, (NNPCL), among others.
Chairman, Senate Committee on Public Accounts, Sen. Aliyu Wadada, said at a news conference in Abuja that there was the need for the agencies to account for the funds appropriated by the National Assembly, in line with legislative provisions that empowers the parliament to carry out oversight responsibilities.
Wadada said that the auditor-general’s report which had been submitted to the committee raised significant queries on the expenditure of some of the agencies.
The lawmaker said that the senate would report heads of such agencies to the president after providing them with another opportunity to answer to the queries.
“All efforts to get Nigeria Customs Service to the table to know how this happen proved abortive.
“It is important for Nigerians to know what happened under “ways and means”, why Central Bank of Nigeria debited borrower and credited borrower.
“Central Bank of Nigeria debited consolidated revenue funds account and credited treasury single account which amounted to over N30 trillion.
“Consolidated revenue funds account is government account, and the TSA is also government account.
“And in charging the interest, instead of the interest to be charged to treasury account, they went ahead again to charge the treasury account.
“They also went ahead to the treasury account and charged the consolidated revenue funds account, which now have amounted to over N6 trillion.
“There were correspondences among the committee, the Minister of Finance and Coordinating Minister of the Economy and the Debt Management Office (DMO) because of the faulty document which they were not ready to answer and have been evasive,” he said.
Wadada said that the report of the auditor-general for the federation which queried the agencies covered 2019 till date.
He also alleged that Nigeria Satellite Communications Limited had been invited for about nine times, but failed to appear, adding that Nigeria Police Force and Nigeria Civil Aviation Authority also fell into the category.
