The Auditor General of the Federation has divulged that 15 Ministries, Departments, and Agencies did not remit N127.13bn revenue to the Consolidated Revenue Fund (CRF) between 2017 and 2019.
The AGF revealed this in its 2019 Annual Report on Non-Compliance, Internal Control, and Weakness Issues in MDAs of the Federal Government of Nigeria for the year ended December 31, 2019, which was submitted to the National Assembly.
The CRF which was created by Section 80(1) of the 1999 Constitution states that “all revenues or other sums of money raised or received by the Federation (not being revenues or other money payable under this Constitution or any Act of the National Assembly into any other public fund of the Federation established for a specific purpose) shall be paid into and form one Consolidated Revenue Fund of the Federation.”
The office of the AGF published a report saying the finance circular issued on November 11, 2011, with reference number BO/RVE/12235/259/VII/201, requires all agencies to limit their utilization of Internally Generated Revenue to not more than 75 percent of the gross revenue while the balance of not less than 25 percent should be remitted to the CRF.
In respect to this, the OAuGF observed that “the sum of N127,129,212,622.58
was the number of revenues/internally generated revenues not remitted to relevant authorities by fifteen (15) Ministries, Departments, and Agencies.”
The agencies found in violation of the requirement are the Nigeria Customs Service headquarters, Abuja; Nigerian Institute for Oil Palm Research, Benin; Veterinary Council of Nigeria; Kwali Area Council, Abuja; Lagos University Teaching Hospital; National Orthopedic Hospital, Lagos; and the Federal Medical Centres in Keffi, Yenagoe, and Ondo.
Others include the Nigeria Ports Authority, Council for Legal Education, National Industrial Court of Nigeria, Nigerian Immigration Service, and the Anambra-Imo River Basin Development Authority, Owerri.
