Reps fume as OAGF, Energy commission differ on remittance

The House of Representatives Committee on Finance yesterday flayed the failure of the Office of the Accountant-General of the Federation (OAGF) to give proper records of remittances by government agencies. This followed the disagreement between the officials of the OAGF and those of the Energy Commission of Nigeria during presentations on the 2023-2025 Medium Term […]

The House of Representatives Committee on Finance yesterday flayed the failure of the Office of the Accountant-General of the Federation (OAGF) to give proper records of remittances by government agencies.

This followed the disagreement between the officials of the OAGF and those of the Energy Commission of Nigeria during presentations on the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

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The Director of Finance, Clestus Nna, said the commission remitted N13.63m to the Consolidated Revenue Fund in 2021.

But Deputy Director, Revenue and Investment, OAGF, Ambrose Umayi, said the commission remitted N27.82m in 2021 and that no payment was made in 2022.

He said the discrepancies in the records arose from the workings of Treasury Single Account (TSA) domiciled in the Central Bank of Nigeria which made it difficult to determine which agency remitted funds into the account.

The deputy chairman of the committee, Sa’idu Musa Abdullahi, directed the OAGF and the commission to reconcile their records and report back on Monday