The House of Representatives Public Accounts Committee has intensified its investigation into revenue remittances by federal agencies, directing the Office of the Accountant-General of the Federation (OAGF) to provide detailed records of outstanding operating surplus allegedly owed by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and other government-owned enterprises.
During an investigative hearing at the National Assembly on Tuesday, lawmakers raised concerns over allegations that the OAGF deducted billions from the statutory accounts of Ministries, Departments and Agencies (MDAs), including ₦15bn from the Universal Basic Education Commission (UBEC).
Legislators warned that such withdrawals may have undermined the agencies’ ability to fulfill their mandates.Committee member Gboyega Isiaka criticized Nigeria’s weak revenue performance, noting that poor compliance with remittance rules continues to erode fiscal stability.
“It is not enough to say agencies remitted 80 per cent of their surpluses. What exactly is the surplus they are declaring? We need
