Coordinating Minister for the economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala
| credits: File copy
| credits: File copy
The
Federal Government on Thursday empowered 53 consultants to verify
remittances to the Federation Account by the 21 banks hired by the
Federal Inland Revenue Service and the Nigeria Custom Service.
The verification and reconciliation
exercise will cover a period of four and half years beginning from
January 2008 to June 2012.
Inaugurating the consultants in Abuja on
Thursday, the Chairman, Revenue Mobilisation, Allocation and Fiscal
Commission, Mr. Elias Mbam, said the lead consultant was expected to
submit the final report on August 15.
Mbam said the exercise became imperative
following irregularities in the remittances of revenue from collecting
banks engaged by FIRS and NCS, which were observed by the Non-Oil
Monitoring Committee and Mobilisation Department of RMAFC.
