Senate Begins Investigation of Alleged Misuse of Multi Billion IGR

 Senate Begins Investigation of Alleged Misuse of Multi Billion IGR

The Senate Ad-Hoc Committee on Alleged Misuse, Under Remittance and other Fraudulent Activities in Collection, Accounting and Remittances of Internally Generated Revenue by MDAs running into hundreds of billions of naira will commence hearing tomorrow after its inauguration by Senate President, Dr. Bukola Saraki.
The Committee of 8 members with Senator Solomon Olamilekan Adeola (APC, Lagos West) as chairman was constituted on Tuesday, November 30, 2016 following a resolution of the Senate to investigate the alleged misuse, under remittance and other fraudulent practices in collection, accounting, remittances and expenditure of internally generated revenue by all Revenue Generating Agencies of Federal Government from January 2012 to December 2016.
Explaining the slight delay in the commencement of the investigation, Senator Adeola said that it was occasioned by the intervening Yuletide and the need to allow agencies concentrate on the defense of their budget estimates in the 2017 Appropriation Bill adding that with that process almost out of the way, the Committee will have the presence of heads of agencies to throw light on their revenue generation and expenditure profiles.
The Fellow of the ICAN expressed the hope that the investigations and recommendations will help in curbing sharp practices of some agencies in their financial management of revenue collected on behalf of the government as well as assist in amendment of laws to prevent malpractices in the process of revenue collection and management of surpluses.
Other members of the Committee are Senators Usman Bayero Nafada, Yusuf.A. Yusuf, Joshua Dariye, John Enoh Fatimah Raji Rasaki, Andy Uba, Yahaya Abdullahi and Rafiu .A.Ibrahim.


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