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FRC recovers over N360bn from MDAs

FRC recovers over N360bn from MDAs

The Fiscal Responsibility Commission (FRC)
Monday said it recovered over N360 billion from
the operating surpluses of Ministries Departments
and Agencies (MDAs).

The chairman of the commission, Victor Muruako
said this during a 2day training tour of Ebonyi State
Fiscal Responsibility Commission to FRC Abuja.

His words: “As part of our mandates, we have gone
out to look for these revenues from agencies that
have been hiding their report and we have
retrieved over N360billion by our activities from
the consolidated revenue funds”.

Adding that the commission at present has
embarked “on investigative visits to several
agencies which prompt them to do what is right.”

According to him, “a lot of government
agencies ordinarily won’t pay the operating
surpluses which they are now paying.” While noting
that the money is not being paid to them but they
(MDAs) pushed it to the consolidated revenue
funds of the federal government.

Addressing the Ebonyi State FRC members, he said,

“That is where you have a role to play. You must
find ways and means to trigger those state
companies and parastatals that over the years
rather collect money from the federal government.

If you investigate some of them you find out that
they are making so much money.

“For example, the state housing corporations most
times collect land from people free; they collect
money from state government; they will build and
sell and will never declare profits. They are always
complaining. If you visit their offices, it won’t seem
as if much is going on whereas a lot is going on.”
Muruako urged the Ebonyi State FRC tourists “to
encourage their state government to look inwards
because the truth is that if the continuous
dwindling of the revenue persists for the next six
months and our allocation continues being this
slow, it’s either we get the right attitude to do the
right thing or we will be on the floor.

“The truth is that some state governments have
refused to develop alternative means of raising
cash. We are not praying for such, that is why they
should see you as partners to help them.”

The FRC chairman maintained; “that every state of
the federation should establish fiscal responsibility
agencies and should not continue to shy away from
this reality.”

On the benefits of this commission, he said: “fiscal
responsibility agencies all over the world have
been use to transform countries like India,
Singapore, Asia, Canada, Switzerland, and other
countries. All the countries that stopped today have
themselves to blame. For instance, when the US
suspended Fiscal responsibly, they saw the results.

Also Argentina and few other countries that
abandoned FR initiatives and what it led them to.”

Muruako said “citizens should take the benefits of
these agencies to encourage their state
governments to key into the new regime of fiscal
responsibility commission by adopting their own
laws to suit their convenience and also setting up a
commission that will also discharge their mandates
just like the federal government have done theirs.

Muruako said the newly inaugurated Ebonyi State
FRC members may face challenges ranging from
finance and relationships, even stepping on big
toes while adding that debts and borrowings have
become the biggest problems.

He urged them to be bold to ask governor’s
questions on their budgets and make sound inputs
because that is the reason for their appointment.

The chairman of the Ebonyi State FRC, Nwaigbo
Vincent Mbanu who led the tourists to Abuja said
that Ebonyi state is keying with the federal
government in line with the present situation of
fighting corruption in all facets and hopes that after
the training, they will be equipped with more
knowledge to work harder.

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