The Minister of Finance, Kemi Adeosun, has again cried out over the refusal of several State governors to fully disclose disbursement of bail-out funds given to them as stipulated under the terms of the Fiscal Responsibility Plan.
This was one of the highlights of the press statement released Thursday by Laolu Akande, Senior Special Assistant to the President on Media & Publicity Office of the Vice President, after the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo.
It noted as follows:
“The Minister (Adeosun) disclosed that several States have not been complying with conditions for the Budget Support facility as agreed under the Fiscal Responsibility Plan.
“She added that particular states are yet to publish the mode of their financial disbursement, while some others have also not completed the Biometric Data of their staff list as agreed by the Council.
Read Also : BUDGET DEFENCE: Senators walk out Fashola
“The Fiscal Responsibility Plan endorsed last year by NEC details the conditions State governments are expected to meet to qualify for FG’s Budget Support Facility which ranges from N800m to over N1B per State, per month.”
Laolu then gave a run down of other things that transpired at the meeting. He said, “An update of the ongoing forensic audit of revenue accrued from revenue generating agencies and meant for the Federation Account was given today (Thursday) at the National Economic Council, NEC meeting.
“The Chairman of the Ad Hoc Committee of NEC on the audit, Governor Ibrahim Dankwambo of Gombe State, said the forensic audit is ongoing and assured Council that the full detail of the report would be ready in January, 2018.
“He mentioned the Nigerian Customs Service and the National Communication Commission as the two agencies that are now being audited in a review that has included other agencies including NNPC.
“The report is expected to detail the extent of revenue meant for the Federation but never made it to the Consolidated Account under the past administration.”
RipplesNigeria… without borders, without fears
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Lack of legal provisions, cultural sentiments fueling marital r*pe in Nigeria
By Arinze Chijioke In the early days of Sandra Izuckukwu’s marriage in 2019, her husband, Sunday Izuchukwu, did everything she...
INVESTIGATION… LIVES ON THE LINE (IV): Surviving in a dangerous media environment
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020. For six...
INVESTIGATION… LIVES ON THE LINE (III): Precious Owolabi was killed covering a protest
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019-2020. For six months, Nigerian...
INVESTIGATION… LIVES ON THE LINE (II): Alex Ogbu was telling a story but became the story
This four-part series investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020....
SPECIAL REPORT… TELECOMS BLACKOUT: Nigeria’s latest tactic against banditry grounds businesses, forcing residents beyond borders
The fight against notorious bandits raining terror and kidnapping students in Northwest Nigeria took a new dimension in September as...