The House of Representatives Committee on Finance, yesterday, questioned the office of Accountant General of the Federation (oAGF) for failing to provide evidence of 25 per cent of N6 billion internally generated revenue by Securities and Exchange Commission (SEC) in 2020.
During an interactive session with SEC Director General, Mr. Lamido Yuguda, on the review of the 2020 to 2022 budget defence and 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Policy paper (FPP), Chairman of the House Committee on Finance, Hon. Abiodun James Faleke, requested the oAGF to provide evidence of the N738 million, representing 25 per cent of the SEC revenue in 2020.
The oAGF said, “We have their record but not here but the receipts are issued by us so we can confirm it. Because they are not part of the schedule we are supposed to have today.”
Deputy Chairman, House Committee on Finance, Hon. Saidu Abdullahi, said, “oAGF, you’re supposed to know this was actually in the news and you’ve been part of us since we started this session. If you look at our newspaper advert you will see that SEC actually was supposed to appear today, so you are supposed to know.”
