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‘No wonder there’s revenue leakage’ — reps hit accountant-general office over handwritten receipts

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A house of representatives committee says the office of the accountant-general operates an analogue system.

James Faleke, chairman of the committee on finance, said this on Monday at an interactive session on the 2023-2025 medium-term expenditure framework (MTEF).

The Federal Road Safety Corps (FRSC), which was among the government agencies that appeared before the committee, disclosed its remittances for the period under review.

The corps said N1.5 billion has been remitted as of June 2022. The figure was confirmed by the Fiscal and Responsibility Commission.

But when Faleke asked Muhammed Saleh, director of federation account, office of the accountant-general, to also confirm the figure, he said it is N27 million.

Faleke said the FRSC record is more updated than the office of the accountant-general.

“Are you still using analogue in your office?” Faleke asked.

The lawmaker said the office of the accountant-general issued the receipts to FRSC of the remitted funds yet their records have not been updated because it is not automated.

“You are using analogue because you issued them the receipts; you gave them the treasury receipt,” he said.

“The problem you even have is that your receipts are handwritten. It should be automatically generated. You as director of funds sitting down here should be with your laptop. If I ask you a question you just point, show me and tell me what it is.

“Honestly I don’t know how we can work if we don’t have your support. As it is now, I am not getting your support. The committee wants to know what has been remitted by each agency as against their previous budget. We also what to see the audited report and then we determine how much they ought to have remitted along with fiscal responsibility. Then we postulate — that in 2023 the budget that has been given to them is adequate or low.”

The lawmaker further asked Saleh about the funds remitted by customs but he couldn’t provide an answer.

‘WE’VE NEVER BEEN SATISFIED’

Sada Soli, a member of the committee, said the office of the accountant-general has a record of not providing “sufficient answers” to queries of the committee.

“No wonder this country is suffering from revenue leakages. The explanation that they (office of the accountant-general) consistently give to the parliament whenever we bring government agencies that generate revenue to run this country — will end up saying they will go and reconcile,” he said.

“Mr chairman, we are on one committee together — we docked the accountant-general. No wonder he is in trouble. You were chairman (of the committee), he couldn’t sufficiently answer some of our interrogations.

“Here, we have a country that is struggling with debt. Here we have institutions of well-educated people in the accountant-general office but yet they are not able to track our revenue.

“My chairman, still at this age, the office of the accountant-general like you said they are writing handwritten receipts. It is in the same office that IPPIS is compromised. Which is in the court of law today. I think the office of the accountant-general must wake up.”

Faleke said the office of the accountant-general has to automate its records to make tracking of revenue easy.

“If we are able to get more revenue from the agencies, the deficit will reduce. We have so many agencies that you ought to be taking the money online, automatically,” he said.

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Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

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The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

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Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers

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The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

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Allegation of missing fund untrue, says Access Bank

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Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.

The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.

“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.

“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.

“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.

“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.

“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.

“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.

“We remain committed to serving our customers.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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