Federal Government says it has recovered an additional N793 million unremitted operating surpluses from three revenue generating agencies accused of short changing the government.
This was announced in a statement on Wednesday in Abuja by the Director of Information, Federal Ministry of Finance, Salisu Dambatta.
According to the statement, this is thanks to the Recovery Committee set up two weeks ago by the Minister of Finance, Kemi Adeosun.
The Committee was tasked to recover unremitted N450 billion operating surpluses from Federal revenue-generating Ministries, Departments and Agencies (MDAs).
The surpluses are legally classified as a Federal Treasury Revenue.
According to the statement, the recoveries, totaling N793 million, were made from 3 agencies;
1. Raw Materials Research and Development Council (RMRDC), N278 million
2. Nigeria Shippers Council, N407 million
3. Nigeria Export Promotion Council, N108 million.
“So far, the cumulative total amount recovered is N1.44 billion, given the earlier recovery of N650 million from the Nigeria Shippers Council.
“Several other agencies were in the process of submitting repayment plan for approval.
Meanwhile, four agencies that were unable to make it to the meeting due to short notice have been rescheduled to appear before the Recovery Committee.
“They are the Central Bank of Nigeria (CBN), National Pensions Commission (PENCOM), Nigeria Television Authority (NTA) and the National Information Technology Development Agency (NITDA),” it stated.