The House of Representatives Public Accounts Committee has issued a 21-day ultimatum to the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to reconcile the 45 billion naira unremitted operating surplus recorded from 2007 to 2021.
The chairman of the committee, Rep. Bamidele Salam, gave the directive on Tuesday in Abuja, during the committee’s public hearing on leakages of government revenue.
The FRC dragged SEC before the committee for not responding to its report issued in 2022, where N45.013 billion computed liability for unremitted funds was recorded against the SEC.
He added that between the period and now, the SEC has not made any attempt to reconcile the figure as contained in the report.
