By Maryam Aminu
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Muhammad Bello Shehu, has called for enhanced cooperation with the Economic and Financial Crimes Commission (EFCC) to address revenue leakages and ensure the recovery of unremitted government funds.
Shehu, during a courtesy visit to EFCC Chairman emphasized the need for collaboration in enforcement, intelligence gathering, and data sharing related to government revenue.
“We are calling on EFCC for more collaboration, not only in the area of enforcement but also intelligence gathering and data sharing with respect to government revenue from any source,” Shehu stated.
Shehu highlighted the importance of the partnership, noting its impact on previous recovery exercises.
RMAFC Boss also requested EFCC’s support in capacity building for RMAFC staff, particularly in forensic investigation.
The Chairman criticized the practice of Revenue Generating Agencies, or Government Owned Enterprises, spending generated revenue and remitting the balance to the Consolidated Revenue Fund .
He argued that this practice contradicts the constitutional mandate requiring all revenues to be paid into the Federation Account.
Reflecting on past collaborations, Shehu recounted a successful joint effort in 2013 that recovered N74 billion in unremitted and under-remitted revenues from banks.
He also noted a more recent effort from 2021, which, in partnership with EFCC, recovered over N216 billion from the public and oil sectors.
In response, EFCC Chairman Ola Olukoyede underscored the need for transparency and accountability in government revenue management.
He called for a review of the revenue generation system to identify and close loopholes.
“There are things we have been able to do together within the scopes of our mandate and your mandate as well,” Olukoyede said.
“Transparency and accountability should be embedded in our public life as a nation. That’s the only way we can move forward.”
Olukoyede also stressed the importance of systemic changes to prevent corruption and inefficiencies, advocating for a focus on improving the systems that govern revenue generation and appropriation.
He urged support for the President’s efforts to reposition the country, emphasizing the role of both agencies in achieving this goal.
Both Chairmen agreed to enhance collaboration to ensure proper management of government revenue and promote accountability in the conduct of government business
By Maryam Aminu
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Muhammad Bello Shehu, has called for enhanced cooperation with the Economic and Financial Crimes Commission (EFCC) to address revenue leakages and ensure the recovery of unremitted government funds.
Shehu, during a courtesy visit to EFCC Chairman emphasized the need for collaboration in enforcement, intelligence gathering, and data sharing related to government revenue.
“We are calling on EFCC for more collaboration, not only in the area of enforcement but also intelligence gathering and data sharing with respect to government revenue from any source,” Shehu stated.
Shehu highlighted the importance of the partnership, noting its impact on previous recovery exercises.
RMAFC Boss also requested EFCC’s support in capacity building for RMAFC staff, particularly in forensic investigation.
The Chairman criticized the practice of Revenue Generating Agencies, or Government Owned Enterprises (GOE), spending generated revenue and remitting the balance to the Consolidated Revenue Fund (CRF).
He argued that this practice contradicts the constitutional mandate requiring all revenues to be paid into the Federation Account.
Reflecting on past collaborations, Shehu recounted a successful joint effort in 2013 that recovered N74 billion in unremitted and under-remitted revenues from banks.
He also noted a more recent effort from 2021, which, in partnership with EFCC, recovered over N216 billion from the public and oil sectors.
In response, EFCC Chairman Ola Olukoyede underscored the need for transparency and accountability in government revenue management.
He called for a review of the revenue generation system to identify and close loopholes.
“There are things we have been able to do together within the scopes of our mandate and your mandate as well,” Olukoyede said.
“Transparency and accountability should be embedded in our public life as a nation. That’s the only way we can move forward.”
Olukoyede also stressed the importance of systemic changes to prevent corruption and inefficiencies, advocating for a focus on improving the systems that govern revenue generation and appropriation.
He urged support for the President’s efforts to reposition the country, emphasizing the role of both agencies in achieving this goal.
Both Chairmen agreed to enhance collaboration to ensure proper management of government revenue and promote accountability in the conduct of government business
Africa Security Investigation News 