REVENUE GENERATING COMPANIES FAILED TO REMIT 1.55TRILION TO FEDERATION ACCOUNT IN 2017, AUDITOR GENERAL REVEALS

The Auditor-General of the Federation, Mr. Anthony Ayine, has revealed how government revenue gencies failed to remit the sum of N1. 555 trillion into the Federation Account in 2017. His observation was contained in the Auditor-General’s Report of 2017, posted on the organisation’s website. According to the report, “total revenue inflows to the Federation Account from the various Collecting Agencies from Central Bank of Nigeria (CBN) Component Statements for the period under audit amounted to N6.422 trillion. The AuGF noted that from a total revenue of N2.407 trillion payable to…

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