Skip to content
The DonkeyThe Donkey
  • Home
  • Account Payable
  • Account Number
  • Account Recovery
  • Account Riot
  • -
  • -
Account Payable

Customs, Immigration, 13 others fail to deliver N127.1bn – Audit report

Posted on January 3, 2022January 4, 2022 by Amy A. Stuart
03
Jan

The Federation’s Auditor General’s Office revealed that 15 ministries, departments and agencies did not remit N127.13 billion in revenue to the treasury between 2017 and 2019.

The OAuGF made this known in its 2019 annual report on issues of non-compliance, internal control and weakness in the MDAs of the Federal Government of Nigeria for the fiscal year ended December 31, 2019, which was submitted to The national assembly.

The CRF was created by Article 80 (1) of the 1999 Constitution which states that “all income or other sums of money collected or received by the Federation (not being income or other sums payable under of this Constitution or of any law of the National Assembly into any other public fund of the Federation established for a specific purpose) are paid into and form a single consolidated revenue fund of the Federation.

According to the audit report, the financial circular published on November 11, 2011, under reference number BO / RVE / 12235/259 / VII / 201, requires all agencies to limit their use of internally generated revenue to 75% at maximum gross income while the balance of at least 25 percent should be remitted to the treasury.

In view of this requirement, the OAuGF observed that “the sum of 127,129,212 622.58 N (one hundred and twenty seven billion one hundred and twenty nine million two hundred and twelve thousand six hundred and twenty two naira, fifty eight kobo) was the amount of internally generated revenues / revenues not remitted to relevant authorities by fifteen (15) ministries, departments and agencies.

Agencies found in violation of the requirement are the Nigerian Customs Service Headquarters, Abuja; Nigerian Oil Palm Research Institute, Benin; Nigeria Veterinary Council; Kwali Regional Council, Abuja; Lagos University Hospital; National Orthopedic Hospital, Lagos; and the federal medical centers of Keffi, Yenagoe and Ondo.

Others include the Nigeria Ports Authority, the Council for Legal Education, the National Industrial Court of Nigeria, the Nigerian Immigration Service, and the Anambra-Imo River Basin Development Authority, Owerri.

The report said Customs had the highest amount of unpaid revenue at N125.8 billion while the Anambra-Imo River Basin Development Authority, Owerri had the lowest amount of N5. 3 million naira.

A closer look at the report shows that the sum of N125.8 billion is the aggregate of remittance discrepancies discovered in NCS files in 2017.

The first discrepancy, the report noted, was discovered during the review of the NCS summary of monthly revenue collection in 2017 and NCS collections and remittances to the 2017 federation account.

The audit observed that in the NCS summary report on monthly revenue collection in 2017, the total collection on behalf of the federation was 691.26 billion naira.

“However, the report on NCS fundraising and remittances to the federation account in 2017 showed that the actual remittances to the federation’s account with the CBN for the year under review amounted to 629 , 23 billion naira. A comparison of these two documents revealed an underpayment of 62.24 billion naira, ”the report said.

The report added that there was no footnote or any form of additional information attached to the two reports indicating the reasons for the deviation, nor any form of communication of management’s intention for a future reconciliation or payment.

In addition, the OAuGF found discrepancies in the reported revenue figures of the service in 2017, which resulted in an underpayment of 63.6 billion naira to the federation’s account.

In either case, when contacted, the NCS did not provide any explanation for the discrepancies found in their records, according to the report.

The OAuGF advised the Comptroller General of the NCS to account for the unpaid sums, to remit them and to transmit the proof of remittance to the public accounts committees of the National Assembly.

Otherwise, the Head of Customs is advised to “apply sanctions in the event of non-collection and recognition of public revenue, as indicated in paragraph 3112 of the Financial Regulations”.

At the same time, the report noted that other irregularities in the delivery of IGR to the CRF found in the files of the remaining 14 agencies were discovered between 2018 and 2019.

“

Copyright PUNCH.

All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the express prior written permission of PUNCH.

Contact: [email protected]

Source link

Related posts:

  1. Multifaceted payment strategy improves accounts payable efficiency among a diverse supplier base
  2. Pulse Technology Appoints Angela Perez of Barrington, IL as Accounts Receivable / Accounts Payable Specialist
  3. 2021 Accounts Payable Outsourcing Services Market Outlook, Demand, Regional Analysis, Industry Value Chain
  4. Trust Accounts and Taxation | The adviser’s advantage
This entry was posted in Account Payable. Bookmark the permalink.
Amy A. Stuart

Owen Pappoe returns to Auburn for senior season
How to withdraw EPF online: A step-by-step guide
Categories
  • Account Number
  • Account Payable
  • Account Recovery
  • Account Riot
  • Uncategorized

account number accounts payable bank accounts capitol hill donald trump email address income tax joe biden law enforcement phone number president donald social security states capitol united states washington dc

Recent Posts
  • Court reinstates Texas GOP law banning social networks from booting users for ‘anti-conservative bias’

  • In U-turn, IEA sees world surviving loss of Russian oil supply

  • Biden blames Russia’s war on Ukraine for food shortages and price hikes

  • Keep the pulse of your print operation with Canon PRISMA tools

  • Riot Blockchain, Inc. (RIOT) Stock Falls as Market Gains: What You Need to Know

Archives
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • Privacy Policy
  • Terms and Conditions
  • Home
  • Account Payable
  • Account Number
  • Account Recovery
  • Account Riot
  • WooCommerce not Found
  • Newsletter