Agencies loot 90 per cent of generated revenue – FG

Pic.8. Minister of finance, Mrs Kemi Adeosun, DELIVERING HER SPEECH at a workshop on cost management on overhead for permanent secretaries and chief executive officers of departments and federal government agencies in Abuja on Thursday (13/10/16). With her is the accountant-general of the federation, Alhaji Ahmed Idris.

The Federal Government has accused revenue-generating agencies of bloating salaries and controversial allowances above Revenue Mobilisation and Fiscal Allocation Committee (RMFAC) specifications. Government specifically accused them of realizing as much as N1.5 trillion and looting almost 90 percent on recurrent expenditure. The matter was discussed at the National Economic Council (NEC) meeting presided over by […]

Agencies loot 90 per cent of generated revenue – FG


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