FAAC: Auditor-General Says N175bn Non-Mineral Revenue Unaccounted For - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
December 9, 2019
The Auditor-General of the Federation, Anthony Ayine has discovered over 175 billion naira deficit in non-mineral revenues shared by the Federation Account Allocation Committee, FAAC in 2017.
Thisis coming as he suggested the recovery of more than two-hundred-and-twenty-fourmillion naira from the National Judicial Council, NJC arising from irregularcontract variation for the construction of retirement residence of retiredChief Justice of Nigeria House, located in Asokoro, Abuja.
Ayinemade this known in a 2017 audit report of federal agencies.
Thereport also announced that revenue generating agencies were underpaid overbillion naira as their cost of collecting revenue for government.