Monday 5 November 2012

Reps summon accountant-general over N82bn revenue shortfall

The House of Representatives, at the weekend, summoned the Accountant-General of the Federation, Mr Jonah Otunla, over an alleged revenue shortfall of N81, 904,469,177.27.
This is coming just as the House threatened to probe the Federal Ministry of Justice over alleged shady payment of judgment debt running into N285 million in  2006.
The chairman, House Committee on Public Accounts, Honourable Solomon Adeola, handed down the threat over the ministry’s inability to explain why it domiciled the payment under capital expenditure instead of recurrent expenditure.
He, however, asked the Permanent Secretary and the Director of Finance of the ministry to appear before the committee next Friday for inquiry into the matter.
Mr Otunla was also directed to appear before the committee within two weeks for clarification over the alleged revenue shortfall.
According to Honorable Adeola, “the Accountant-General is needed to shed light on knotty issues surrounding the huge shortage in the accruable revenue to the federation in 2006.”
He further said, “the accountant-general is reminded of the need to appear unfailingly, alongside all concerned agencies in relation to pending issues in 2006, particularly, the Director-General, Budget Office and revenue agencies responsible for the revenue shortfall.

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