The House of Representatives yesterday commended the Central Bank of Nigeria (CBN) , Federal Road Safety Commission(FRSC) and Nigerian Television Authority for complying with the provisions of the Fiscal Responsibility Act by ensuring that they remit their revenue remit to the consolidated revenue account of the federal government.
This is just as the lawmakers condemned the Nigerian National Petroleum Corporation (NNPC ) for allegedly running a system that lacks transparency, saying the corporation has questions to answer about how it manages revenues that it is generating.
It will be recalled that the NNPC was to appear before the Finance Committee yesterday but failed to show up.
Presenting a "handshake of commendation" to the three agencies, the chairman of the House Committee on Finance,Hon Jibrin Abdulmumuni noted that CBN, FRSC and the NTA earned it for being the only agencies that remitted their revenues to the Consolidated Account in the outgone years as prescribed by the Fiscal Responsibility Act.
Figures remitted to the Consolidated Revenue Fund by the three agencies are: NTA-N1.8bn, FRSC-N4.9bn and CBN N186.9bn CBN Governor, Mallam Sanusi Lamido Sanusi, FRSC Corps Marshall , Mr Osita Chidoka and NTA Director General Mr Musa Mayaiki were present at the event.
Stating that any agency that complies would be given the same treatment, he said " we are having a handshake with these three agencies because they are law-abiding. We will not shy away from recoganising excellence."
Responding Chidoka, Sanusi and Maiyaki expressed surprise that their efforts were appreciated by the House.
" For the first time this House is not inviting us to hound us," Chidoka said. He said the commission has since 1999 remitted N4.9bn to the federal government coffers, promising to continue to work for the growth of the country.
In his speech, Sanusi expressed appreciation for the award and said the CBN was committed to transparency and sound financial health of Nigeria. He disclosed that the apex bank has reduced inflation in the country to nine percent among other achievements while Maiyaki stated that as a public enlightenment organisation, the NTA will continue to abide by the law in words and practice.