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FRSC mendacity, did not remit N5.1 billion in nation’s coffers: FRC

The Fiscal Duty Fee (FRC) has advised the Home of Representatives that the Federal Street Security Corps is but to remit N5.1 billion into the federation account from 2016 to 2019, opposite to earlier claims.

FRC made the allegation on Wednesday in Abuja on the ongoing public listening to on 2022 to 2024 Medium-Time period Expenditure Framework (MTEF) and Fiscal Technique Paper (FSP).

The general public listening to is organised by the Home of Representatives Committee on Finance.

The official of the FRC mentioned that there was no proof that the FRSC remitted the cash as claimed, including that the non remittance was obtained from an audited monetary report.

However FRSC, Corps Marshal, Boboye Oyeyemi, in a swift response, mentioned that he was ready to present proof of the remittances, whereas urging the committee to present FRSC the requisite time to reconcile with the FRC.

He mentioned that there had been no budgetary provision for the manufacturing of plate numbers since inception of the scheme.

In accordance with him, a number of the machines to provide plate numbers had been funded from the proceeds of working surpluses.

He said that what the corps remitted to the federation account was what it obtained after manufacturing of plate numbers.

The committee had earlier known as on FRC to substantiate the claims made by FRSC that it had remitted the mentioned quantity.

The chairman of the committee, James Faleke, had said that the most important drawback confronting the nation was income technology, which he described as appalling.

“We noticed the place an company is spending N3 billion above its earnings, we noticed the place they spend cash not budgeted for.

“The place this committee sees it vital, we are going to expunge  pointless budgetary provision as a way to shore up income for the nation to forestall pointless borrowing,” he mentioned. 

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