By Tony Obiechina, Abuja
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in collaboration with the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practice Commission (ICPC) is to carry out a Nationwide Verification and Reconciliation exercise on revenue inflows and remittances from relevant organizations to the appropriate government treasury.
RMAFC Chairman, Engr Elias Mbam who disclosed this in Abuja, said the exercise which takes off in the first week of October, 2020, would cover from 1st January 2016 to 31st Dec 2019.
In a statement by RMAFC Public Relations Officer, Mr Christian Nwachukwu on Monday, Mbam made the disclosure at the weekend, during an interactive session organized for the consultants engaged to carry out the recovery exercise.
The Chairman commended the participants stating that, RMAFC’s mandate includes monitoring all revenue accruals into the Federation Account and disbursement while blocking leakages.
This, according to him is in line with President Muhamadu Buhari’s charge while inaugurating the Chairman and Members of the Commission to use all legal ways and means to block all revenue leakages and maximize revenue inflow to the Federation account.
The RMAFC boss noted that the collaboration with EFCC and ICPC is to provide close monitoring of the recovered accruable funds to the Federation account while advising participating organizations not to join issues with any defaulting organization but rather, submit their established reports to the Commission through the Coordinating Committee of the project.
Also speaking, Mr.Hamza Abdulahi who represented the acting Chairman of EFCC Mr. Mohammed Umar, thanked RMAFC for finding it worthy to collaborate with EFCC in tracking and blocking revenue leakages while recovering all revenue accruable to the Federation account.
Hamza further stated that, EFCC has helped to recover more than three hundred billion naira in a similar collaboration with the Federal Inland Revenue Service (FIRS), promising not to compromise EFCC track record by making sure that every revenue defaulter will be made to face the full rot of the l
