• Still holding on to N1tr
Ministries Departments and Agencies (MDAs) were forced to remit proceeds of corruption in the accounts totalling N1.7 trillion into the Consolidated Revenue Fund (CFR) in 11 years.
Checkout Magazine learnt that the MDAs did not willingly remit the funds, they were made to return the monies because they were proceeds of corruption.
Having remitted this much to the CRF, it has been revealed that MDAs are yet to return another N1 trillion to the coffers.
Chairman of the Fiscal Responsibility Commission (FRC), Mr. Victor Muruako made these known when he paid a courtesy call on the Independent Corrupt Practices and other related offences Commission (ICPC) in Abuja.
His words, “the FRC has caused over N1.75trillion to be remitted to the Consolidated Revenue Fund (CRF) in the last 11 years”.
He also said: “Agencies of government are in deficit of over N1trillion, which a close working relationship with the ICPC can help retrieve and further block loopholes in public finance management.”
To check corruption in MDAs, the Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and other related offences Commission (ICPC) have agreed to collaborate to recover stolen assets.
