By Tony Obiechina, Abuja
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has reiterated its commitment to strengthen collaboration with the Economic and Financial Crimes Commission (EFCC) in the area of monitoring and tracking of all accruable revenue accruals from revenue generating agencies into the Federation account.
Mohammed Bello, the Commission’s Chairman stated this when he paid a courtesy visit to the Chairman of Economic and Financial Crime Commission (EFCC) Mr. Abdulrasheed Bawa in Abuja.
Bello recalled that collaborations between the two agencies over the years led to the recovery of more than one hundred and ninety two billion naira into the Federation account.
This is made up of N74 billion covering 2008 – 2015 and N118 billion covering 2016 – 2019 monitoring and recovery exercises on revenue generating agencies including banks and companies.
Shehu also disclosed that this is in addition to the discoveries of over two hundred and five million dollars ($205,013,760) from some companies in the oil and gas sector whichbrefused to remit same to government coffers but rather sued RMAFC and EFCC with the claim that, both agencies have no right by law to request for such huge sum belonging to Federal government to be remitted into the Federation account.
In his response, the EFCC Chairman, expressed the readiness of EFCC to strengthen its ties with RMAFC in increasing revenues for the nation while blocking leakages.
This according to him, will be better achieved by prosecuting defaulting revenue generating agencies having been empowered by law to liaise with agencies like RMAFC in the execution of their mandates.
While promising to avail RMAFC the opportunity for capacity building from EFCC academy, Bawa called for the re-examining of the delay in revenue remittance for timely remittances from revenue generating agencies.
The RMAFC boss lauded the passion with which the EFCC Chairman is fighting corruption in the country.
