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FRC accuses Shippers Council of non-remittance

The Fiscal Responsibility Commission has accused the Nigerian Shippers Council of not remitting over two billion naira to the Consolidated Revenue Fund.

The Executive Chairman of the Commission, Victor Muruako, made the accusation at the on-going Investigative Public Hearing on Internally Generated Revenue of MDAs from 2014 to 2019 by the Senate Committee on Finance.

The Committee is interrogating reports from MDAs of Government on their remittances of stamp duty and Operating Surpluses.

Mr. Muruako said the action by the Nigerian Shippers Council was in violation of the Fiscal Responsibility Act, 2007.

The Chairman of the Fiscal Responsibility Commission told the Committee that the Nigerian Shippers Council had ignored several correspondences from the Commission on the exact calculations of the liabilities of the Council from 2010 to 2019. 

‘Apart from non-submission of its Audited statement of Account for 2017 and 2019 as required by the law to enable the Commission calculate full liabilities which presently is above N2 billion”. He noted.

Responding, the Executive Secretary of the Council, Mr. Hassan Bello requested for some days from the Senate Committee on Finance to prepare the necessary documents.

The Chairman of the Senate Committee on Finance, Solomon Adeola accepted the request and asked the Nigerian Shippers Council to return on Tuesday Next Week with necessary documents. 

Senator Adeola also requested that the FRC furnish the Committee with the details of the liability of the Council to enable it take appropriate decision.

Annabel Nwachukwu

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