MDA

Nigerian Institute for Oil Palm Research (NIFOR), Benin

Project Location/State

Award Year

2019

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦39,825,453.01

Context/Observation

I.The sum of N159,301,812.05, was generated in the period under review (2018),
II.There was no evidence to show that 25% of the amount generated amounting to N39,825,453.01 was remitted to Consolidated Revenue Fund (CRF).

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Acting Executive Director is requested to:
I.Furnish reasons why 25% of revenue generated was not remitted to the CRF as required by extant regulations.
II.Account for the sum of N39,825,453.01
III.Remit the same amount to the CRF.
IV.Forward evidence of remittance to the Public Accounts Committees of the National Assembly
V.Otherwise, apply sanctions relating to failure to collect and account for government revenue specified in paragraphs 3112 of the Financial Regulations.

Executive Action

N/A

Progress Report

N/A

Data Source

2019 Non-Compliance Audit Report of the FG

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