Senate To Work With FRC On Revenue Leakages, Misuse - THE DAILY CRUCIBLE



Sunday, October 13, 2019

Senate To Work With FRC On Revenue Leakages, Misuse

The Senate Committee on Finance has mapped out plans to have the FIscal Responsibility Commission(FRC) attend its interactive sessions with all Federal Government Revenue Generating Agencies.

The planned interactive session is part of the drive to ensure that government gets the needed revenues from its agencies and prevent leakages and frivolous spendings.

The Chairman of the Committee, Senator Solomon Adeola disclosed the modalities over the weekend during the Committee’s first meeting with the FRC Acting Chairman, Mr. Victor Muruko and his management team.

The All Progressives Congress(APC) Senator for Lagos West lamented that the Commission has not been performing its functions optimally over the years.

Adeola added that a lot of factors were responsible for the unsatisfactory performance, stressing that more than ever before the commission must live up to its responsibilities as enshrined in the Fiscal Responsibility Act of 2007 setting it up.

The Senator also regretted the fact  that the Board of the Commission has not been constituted, but functioning  with an acting chairman since 2013.

According to him,  this was militating  against its effective operation in performance of its roles.

“Your commission have a watchdog role over Revenue accruing to the Federal Government. With the country facing financial challenges to fund urgent infrastructure and social development, the issue of government revenue leakages and frivolous expenditures by some agencies needs to be curtailed.

"And FRC plays a critical role in ensuring this. That is what the Act estabilishing the commission envisaged and our Committee will be working with the commission during oversights on revenue generating agencies.

“The Committee will inquire from the Secretary to the Government of the Federation, Mr. Boss Mustapha why the commission under the Presidency still operates from rented apartments, lacks fund for its operation including printing of its annual reports years after it was established.” Senator Adeola stated.

The Acting Chairman, Mr. Muruko while briefing the committee on its activities over the years, identified lack of funds for its operation that requires seeking information from revenue generating agencies on revenues targets, achievements and expenditure to ensure it conforms with the Fiscal Responsibility Act,2007 as part of the  challenges facing the commission.

Muruko also noted the Commission operates from a rented office with some key staff seeking greener pastures elsewhere.

“We have many challenges in our operations. When we write to agencies for information they are very reluctant in giving us information and delay such for months or don’t give us at all because there are no sanctions. There is need to amend the Act to provide stiff sanctions against agencies flouting the Act as well as compel them to provide stipulated information.

The interactive session, according to Chief Kayode Odunaro, Media Adviser to Senator Adeola, was attended by Senator Isah Jubril, (APC, Kogi East)the vice chairman of the Committee, Senator Kashim Shetima (APC, Borno Central), Senator Adamu Aliero (APC, Kebbi Central) Senator Bayo Akinyelure(PDP, Ondo Central), Senator Uche Ekwunife(PDP, Anambra Central) and Senator Matthew Urhoghide(PDP, Edo South).

From Jane Okafor, Abuja

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