Reps panel summon finance minister, CBN Governor

The Joint Rental of Representatives Committees on Public Yarn and Public Property dangle summoned the Minister of Finance, Chief Adebayo Olawale Edun over alleged non-compliance with the provisions of Fiscal Responsibility Act 2007.

Moreover to appear prior to the lawmaker on Monday is the Governor of Central Bank of Nigerian, Dr Olayemi Cardoso who, alongside Edun will supply explanation on internal regulate weaknesses acknowledged in the 2021 reports by the Auditor Overall for the Federation.

In a letter signed collectively by the Chairmen, Rental Committee on Public Accounts , To find. Bamidele Salam and Chairman Committee on Public Property Ademorin Kuye, the committees requested the Finance Minister and CBN Governor to provide shrimp print on remittance of running surplus to the Federation Yarn by the apex bank in step with the provisions of relevant rules and rules.

The Fiscal Responsibility Commission and the Auditor Overall for the Federation dangle submitted reports alleging that so a lot of Ministries, Departments and Agencies of the Federal Authorities in conjunction with the CBN dangle failed to remit or beneath remitted their running surplusses as required by extant monetary rules and rules in the closing six years.

According to the Public Accounts Committee Chairman, “these violations dangle negatively impacted the liquidity of the federal govt and stammer a hindrance to tremendous implementation of the budgets handed by parliament.”

The Committes stated it had given both the Finance Ministry and the apex bank astronomical alternative to reconcile their accounts and uncover their positions in protest to resolve the stage of financial liabilities animated, hence the want for a closing hearing to rep to the bottom of the disorders.

The Committee is equally having a search at a document in the Auditor Overall for the Federation statutory document which means that a want of Public sources which had been fully paid for dangle no longer been achieved and place into use for a great deal of years.

“Most of those initiatives in Dutse, Abeokuta and other locations dangle been awarded between 2011 and 2016 however yet to be achieved in step with audit reports”