– A two-week ultimatum was issued by the senate yesterday to Acting President Yemi Osinbajo
– A unanimous resolution was also passed by the senate.
A two-week ultimatum was issued by the senate yesterday to Acting President Yemi Osinbajo to submit the budgets of the central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and 35 other federal agencies.A motion sponsored by Senator Bala Ibn Na’Allah (APC, Kebbi) titled, ‘Non-submission of the 20117 budget by Public Corporations in violation of the Fiscal Responsibility Act’ was followed by the ultimatum.
He said the non-compliance to the provisions of the Fiscal Responsibility Act constitutes abuse of power and economic sabotage. copyright. www.naijapr.com
A unanimous resolution was also passed by the senate, stopping the agencies from further capital expenditure until the agencies compiled the fiscal responsibility Act.
Bukola Saraki, the Senate President said the agencies must comply with the ultimatum, ‘I cannot see how we can continue in a society where we are fighting corruption and people will be spending money without approval, without appropriations, it must stop, it will stop and is going to stop from now.
Clearly we have made our position that based on this amendment this agencies they must get their budget to us in two weeks and committee chairmen, I want to appeal that once we get the budget on our own part as well let’s ensure that we do it publicly, very diligently and try and turn it around as quick as possible,” he said. copyright.naijapr.com
An officer at the FIRS who did not want to be quoted said the agency has submitted all necessary documents to the senate including its revenue profile. According to him, the report making the round is ‘speculative and not true’
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