Under-Remittance of 2017 operating surplus

Posted on
by OLUDOLAPO TUBI
  • Project Status: N/A

MDA

Nigerian Shippers Council

Project Location/State

N/A State

Award Year

2018

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦1,178,884,985.40

Context/Observation

Audit observed that, the sum of N1,178,884,985.40 being operating surplus of the Council for the year 2017, was not remitted to the Consolidated Revenue Fund account of the Federal Government.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Executive Secretary is required to remit the sum of N1,178,884,985.40 to the CRF being the outstanding operating surplus, failing which sanctions in line with FR 3112 should apply.

Executive Action

N/A

Progress Report

N/A

Data Source

2018 Audit Report of FG

Project Gallery

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  • Submitted Petition History
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