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 N45 billion unremitted operating surplus recorded from 2007 to 2021.
The chairperson of the committee, Bamidele Salam, gave the directive on Tuesday in Abuja, during the committee’s public hearing on leakages of government revenue.
The FRC had brought the case against the SEC before the committee for not responding to its report issued in 2022, where N45.013 computed liability in unremitted funds was recorded against the SEC.
