The Central Bank of Nigeria, the Federal Inland Revenue Service, the Nigerian National Petroleum Corporation and 22 other revenue generating agencies have been given seven days ultimatum by the Senate to submit their audited accounts.
The Senate Committee on Public Accounts issued the ultimatum to the 25 federal agencies on Wednesday, Igbere TV reports.
The panel said the firms should forward their records regarding their income and expenditure operations from 2017 to 2019.
Chairman, Senate Public Accounts Committee, Mathew Urhoghide, said the agencies were given the last opportunity to respond to the call for submission of their audited accounts.
He said making public the accounts of the agencies was necessary to ensure accountability and transparency in the management of public funds as well as guarantee economy, efficiency and effectiveness.
He listed the Office of the Accountant-General of the Federation, Federal Capital Territory Administration, Assets Management Corporation of Nigeria, and the Niger Delta Development Commission as defaulting agencies.
Others, according to him, include the National Agency for Science and Engineering Infrastructure and the Nigerian Investment Promotion Council.
Also on the list are Federal Airports Authority of Nigeria, Nigeria Football Federation, Federal Roads Maintenance Agency, National Space Research & Development Agency, Nigerian Building and Road Research Institute, and the Nigerian Maritime Administration and Safety Agency.
They also include Petroleum Equalisation Fund Management Board, Ministry of Niger Delta Affairs, and Presidential Amnesty Programme.
The rest are the Small and Medium Enterprises Development Agency, Federal Road Safety Corps, Nigerian Airspace Management Agency, National Insurance Trust Fund, Industrial Training Fund, Nigerian Railway Corporation, and National Primary Health Care Development Agency.
Urhoghide said the correspondences had been sent to relevant institutions of government seeking their responses.
He said it would enable the committee to carry out special oversight functions in line with Sections 85, 88 & 89 of the Constitution of the Federal republic of Nigeria.
He said, “In the light of this, all the defaulting agencies are by this notice given the last opportunity to make submissions before their invitation to the scheduled public hearings.
“In view of the fact that some agencies have already defaulted in their submission deadline, notice is hereby issued to defaulting MDAs and other organisations of government.
“They should without further delay make submissions within seven days that is, 27 November, 2019 on their responses to the issues raised by the committee in its various correspondences regarding their income and expenditure operations from 2017 to 2019.”
