February 21, 2018

FG moves against agencies over financial abuse

FG moves against agencies over financial abuse

The Federal Government has decided to come down hard on some its revenue-generating agencies accused of engaging in activities that are considered to be abuse of the revenues they generate.

Instead of remitting the revenues to the Federation Account, the agencies were said to be diverting them through several illegal means and ploys. The Minister of Finance, Mrs. Kemi Adeosun, was said to have briefed a meeting of the National Economic Council presided over by Vice-President Yemi Osinbajo on the development.

Anambra State Governor, Willie Obiano; Bauchi State Governor, Muhammed Abubakar; and the Minister of State for Petroleum Resources, Ibe Kachikwu, briefed State House correspondents at the end of the meeting held inside the Presidential Villa, Abuja. Read more

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