Tuesday, March 2African Business News
Shadow

Tag: Eze Onyekpre

Group sues agency chiefs for mismanaged, unremitted N289 billion

Group sues agency chiefs for mismanaged, unremitted N289 billion

Business
The Centre for Social Justice (CSJ), has sued some heads of Federal Government agencies and commissions for alleged mismanagement and non-remittance of cumulative N289 billion by 17 organisations, which contravenes some provisions of the Finance Circular of November 11, 2011, on internally generated revenues (IGR). According to the Group, the failure to remit the revenues also disregarded the recommendations of the Auditor-General of the Federation in the Annual Report and Accounts of the nation for the year 2017, which stated that the funds should be remitted into the Consolidated Revenue Fund (CRF). Speaking during a virtual media parley, Lead Director, CSJ, Eze Onyekpere, said Nigeria is currently undergoing a fiscal crisis and does not have the money to meet its basic needs a...