FRC ALLEGES FRSC OVER N5.1BN REMISSION TO FEDERATION ACCOUNT

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According to the Fiscal Responsibility Commission, the Federal Road Safety Corps has yet to deposit N5.1 billion into the Federation Account between 2016 and 2019.

The claim was made by the FRC on Wednesday in Abuja during a public hearing on the Medium-Term Expenditure Framework and Fiscal Strategy Paper for the years 2022 to 2024.

The House of Representatives Committee on Finance is hosting the public hearing.

According to an FRC official, there is no proof that the FRSC remitted the money as reported, and the non-remittance was discovered through an audited financial report.

In a fast response, FRSC Corps Marshal Boboye Oyeyemi said he was willing to produce evidence of the remittances, while requesting the committee to give FRSC the time it needed to reconcile with the FRC.

He said that since the scheme’s start, there had been no budgetary provision for the fabrication of number plates.

He claims that some of the machinery used to make number plates were paid for with operating surpluses.

He indicated that the amount the corps remitted to the Federation Account was the amount it received after number plate manufacture.

According to the Nigerian News Agency, the committee had previously asked the FRC to justify the FRSC’s allegation that the money had been remitted.

Rep. James Faleke, the committee’s chairman, indicated that the country’s largest concern is revenue creation, which he termed as “appalling.”

“We observed where the agency spends N3 billion more than it earns; we saw where they spend money that wasn’t planned for.

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