RMAFC Records Over N500b Unremmitted Revenue From MDAs

By Oduyemi Odumade

The Chairman, Revenue Mobilization Allocation and Fiscal Commission, RMAFC Mohammed Bello has revealed how his agency successfully recorded unremitted revenue exceeding N500 billion from various government agencies.

Mr Bello shared the information during an interactive session with the House of Representatives’ Committee on Finance, Chaired by Mr. James Faleke, in Abuja.

In his Presentation, the RMAFC Chairman disclosed that the sum of N14 billion was recovered between 2008 and 2012 through the assistance of forensic experts engaged by the Commission.

He explained that the Commission also recovered the sum of N60.981 billion between 2012 and 2015, over N312b between 2016 and 2019, while payment was made in 2022 fiscal year.

According to Bello, “recently the Commission recovered the sum of N98 billion in September, 2023 from the Nigerian National Petroleum Corporation Limited, NNPCL, and remitted same to the treasury.

“In the same vein, the Commission recovered the sum of N79.102 billion from Federal and 8 State Ministries, Departments and Agencies (MDAs)”.

He informed the Committee of the Commission’s exploit through the recovery of the sum of N474 million and N199 million excise duties from two companies operating in the South West region of the country.

According to him, the recovery was from January 2020 to December 2021 and 2022.

Reacting to the proposed review of salaries of RMAFC Commissioners, Mr. Faleke who kicked against the financial burden solely borne by the Federal Government, argued that the salaries of all the Commissioners should be borne by the Federation Account.

The committee chairman expressed displeasure over the level of impunity in the management of public funds, alleging that most of the erring Institutions indicted for financial impropriety, end up using public funds to pay back the unremitted.

To this end, he directed the RMAFC Chairman to provide comprehensive report of all the Agencies from which the unremitted revenues were recovered.

Edited By Grace Namiji