FG to audit all revenue generating agencies


The federal government has ordered the audit of all revenue generating agencies in the country in order to ensure that all funds collected are remitted into its coffers. Finance Minister, Mrs. Kemi Adeosun, who briefed State House correspondents after the first Federal Executive Council (FEC) meeting this year, also said that the relevant agencies had been mandated to present their budgets for approval. \r\nThe minister also denied reports that the 2016 budget presented to the National Assembly by the president had been discreetly withdrawn for adjustment following public outcries over some subheads considered bogus. \r\nAdeosun, who addressed the press alongside her Ministry of Information and Culture counterpart, Alhaji Lai Mohammed, said the audit was aimed at plugging all loopholes in order to free funds for the implementation of the budget when passed. She said: \”The principal discussion in our meeting today was the initiative by this administration to plug revenue leakages in our ministries, departments and agencies (MDAs) that generate revenue.

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