MDA

Federal Medical Centre, Yenagoa

Project Location/State

Award Year

2019

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦264,992,244.47

Context/Observation

1.The sum of N251,268,359.87 (Two hundred and fifty-one million, two hundred and sixty-eight thousand, three hundred- and fifty-nine-naira, eighty-seven kobo) was realized by the Centre in 2018 as Internally Generated Revenue from Non-Revolving Heads.
2.The amount collected was not remitted to the Consolidated Revenue Fund (CRF)as required by extant regulations.
3.The sum of N13,723,884.60 (Thirteen million, seven hundred and twenty-three thousand, eight hundred- and eighty-four-naira, sixty kobo) was realized as independent revenue for the same period out of which no remittance was made into the CRF, and
4. The total revenue for year 2018 not remitted into the CRF stood at
N264,992,244.47 (Two hundred and sixty-four million, nine hundred and ninety-two thousand, two hundred- and forty-four-naira, forty-seven kobo)
(=N251,268,359.87 + N13,723,884.60

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

1. Furnish reasons why internally generated revenues were not remitted to the CRF as required by extant regulations.
2. Remit the sum of N264,992,244.47(Two hundred and sixty-four million, nine hundred and ninety-two thousand, two hundred- and forty-four-naira, forty-seven kobo) to the CRF
3. Forward evidence of remittance to the Public Accounts Committees of the National Assembly,
4. Otherwise, apply sanctions relating to failure to

Executive Action

N/A

Progress Report

N/A

Data Source

2019 Non compliance Audit report of the FG

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