The House of Representatives has alleged that the sum of over nine hundred and ninety five million dollars was yet to be remitted to the Treasury Single Account, TSA by Deposit Money Banks, DMBs in defiance of the Federal Government’s directive.
Adopting report of the Danburam Nuhu Abubakar-led ad-hoc committee probing the implementation of the policy, the chamber, presided over by Speaker Yakubu Dogara, said the sum included the principal deposits and their accrued interests.
Besides, it claimed that one point two zero seven billion naira and over twenty three thousand euro were still to be credited the TSA by the financial institutions.The lower chamber of the National Assembly also accused the Nigerian National Petroleum Corporation, NNPC of engaging in extra budgetary expenses on the funding of the Brass LNG project to the tune of three hundred and thirty one point seven tow million dollars between 2012 and 2017.
