House Queries NUC Over IGR Under-remittance

By Oduyemi Odumade

The House of Representatives has criticised the Nigerian Universities Commission (NUC) for under-remittance of internally generated revenue into the Consolidated Revenue Fund (CRF).

The Deputy Chairman of the House Committee on Finance, Mr Sa’idu Abdullahi, issued the query during the resumed interactive session with revenue-generating agencies on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Mr Abdullahi, who expressed displeasure with the 25% remittance of the IGR, accused the Commission of financial infractions.

He mandated the Commission to comply with the latest circular, which requires 100% remittance, as issued by relevant authorities.

Abdullahi directed the NUC to reconcile its mandate account over the past three years with the Fiscal Responsibility Commission (FRC) to facilitate payment into the Consolidated Revenue Fund.

Edited By Grace Namiji