Nigerian President Muhammadu Buhari speaks during his meeting with U.S. President Barack Obama at the United Nations General Assembly September 20, 2016. (REUTERS/Kevin Lamarque The Minister of Finance, Kemi Adeosun has directed a committee, which she newly constituted to recover N450 billion operating surpluses from 31 government agencies.
As stipulated in the Fiscal Responsibility Act, 2007, any Federal Government funded agency that generates revenue must remit 80 per cent of its profit as operating surplus into the Consolidated Revenue Funds accounts.
For many years, several government agencies have been accused of short-changing the government or under remitting their profits.
The Federal Government has therefore turned the heat on these erring agencies.
Here are 10 out of the 31 affected agencies:
1. Central Bank of Nigeria
2. Petroleum Technology Development Fund
3. National Agency for Food and Drug Administration and Control
4. Nigerian Television Authority
5. Securities and Exchange Commission
6. Nigeria Ports Authority
7. Bureau of Public Enterprises
8. Nigeria Maritime Administration and Safety Agency
9. Debt Management Office
10. Nigeria Inland Revenue Service
