Reps threaten to block bank accounts of govt agencies over inaccurate remittances

The House of Representatives Committee on Finance, on Monday, threatened to direct the Accountant General of the Federation to block the accounts of Federal Government agencies that fail to render accurate accounts of their revenue profile to the government.

Also, the Director of Finance and Accounts with the Financial Reporting Council of Nigeria, Musa Jemaku faulted the claim by the Office of the Accountant General of the Federation that they have not paid their operating surplus for three years (2019- 2021).

Jemaku’s anger was informed by a claim by a representative of the Office of the Accountant General that the FRC had not remitted its operating surplus for 2019 (N126 million), 2020 (N143 million) and 2021 (N26) million to the federation’s coffers.