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All posts tagged "Remittances"

  • Government agencies failed to remit N256.36bn revenue – National Assembly

    Revenue generating agencies of the Federal Government failed to remit to the Consolidated Revenue Fund of the Federal Government the sum of N256.6bn out of the expected N512.117bn revenue between 2009 and 2012, according to the National...

    • Posted August 5, 2013
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  • Reps reject NNPC’s N384.9bn loss statement

    House of Representatives Committee on Finance, Wednesday, rejected N384.9 billion operational loss recorded by the Nigerian National Petroleum Corporation, NNPC, between 2009 and 2011. The committee, which was probing Federal Government’s agencies’ remittances of surplus to the...

    • Posted July 12, 2013
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  • Bank CEOs apologise to Reps for non-appearance

    Nine bank chief executive officers who failed to honour the invitation of the House of Representatives Committee on Finance on May 12, complied with the summon on Wednesday with apologies in Abuja. The bank chiefs, the News Agency...

    • Posted May 23, 2013
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  • Tax evasion: Reps begin probe of 24 banks today

    The House of Representatives has commenced interrogation of officials of 24 banks over tax evasion. The quizzing of the banks on allegations of tax nonremittance holds today at the National Assembly premises. Chairman of the House Committee...

    • Posted May 20, 2013
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  • FG recovers over N100bn unremitted taxes, as Reps probe NNPC subsidiaries, 23 banks

    Facts emerged at the weekend, that Federal Government has recovered over N100 billion unremitted taxes sequel to the ongoing investigation initiated by the House of Representatives on commercial banks’ tax accrued to the Federal Government. Abdulmumin Jubrin,...

    • Posted May 20, 2013
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  • FG to sanction MDAs for nonpayment of insurance premium

    The Federal Government has directed its ministries, departments and agencies (MDAs) to comply with section 50(1) of the Insurance Act 2003, which requires that premiums be paid in advance for all insurance contracts or be sanctioned. The...

    • Posted February 22, 2013
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  • CBN Responsible For Over 70% of Total Remittances to Govt

    In the wake of corruption in the country, monies called “operational surpluses”meant to be returned to the treasury are used for personal enrichment through fraudulent means. Recently remittances by Ministries, Departments, and Agencies (MDAs) to the government...

    • Posted December 14, 2012
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