The Federal Executive Council (FEC) has ordered fresh investigation of its revenue generating agencies as it uncovered massive disparity in the remittance of internally generated revenue by some of the agencies.
The Minister of Finance, Mrs Kemi Adeosun, disclosed this when she addressed State House correspondents on the outcome of the council’s meeting, which was presided over by President Muhammadu Buhari.
She revealed that the council specifically directed the ministry of finance to look into the past revenue remittances of the Joint Admission and Matriculation Board (JAMB) and the Nigerian Maritime Administration and Safety Agency (NIMASA).
According to her, the disparity in the remittances of the two agencies in the past and now necessitated the decision to probe all previous heads of the two agencies, saying that other agencies with similar discrepancies in their revenue remittances will be probed.
“The highest amount that JAMB had ever remitted into the consolidated revenue fund before this management was N3 million.
“This year so far they have done N5 billion and the Minister of Education reported that they have an additional N3 billion that they are ready to remit which will take this year’s figure alone to N8 billion and they have not increased their charges, they have not increased their fees.
“So, the question the council members were asking is, where was all this money before?
“So, the directive was given that we must call the heads of all these agencies and similar ones to account (for their financial dealings), and that is the directive we have been given and that is what we intend to do and it is a similar story with other agencies.
“These are the leakages which we have now come in and we are blocking.’’
The minister reassured that the ministry was on the pathway of resetting the economy and adjusting permanently to a sort of lower oil pricing.
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