Adegbule said the committee recommended that the council decides on repayment plans for all concerned as well as stepping up oversight function on the relevant agencies to ensure remittance as due.
She also stated that the committee recommended the proper and regular auditing of the amount of the revenue generating agencies and those of the Federal Government and also the need for annual review of the agencies.
She said, “The report was prepared by KPMG, and audited 18 Agencies including NNPC, FIRS, Nigeria Customs Services (NCS), NIMASA, NPA, NCC, CBN, DPR, NPDC and many others. The report covered period January 2010 to June 2015.
“The report observed several cases of under-remittance and a few over-remittance in some cases both by identified agencies. There were also late remittances into the various accounts.”
The Deputy Governor explained that the committee would study the KPMG report and the recommendations and report back to Council at its next sitting for possible adoption.
“The Federal Government officials including the CBN Governor, the Ministers of Finance, Budget and National Planning and Minister of State, Petroleum Resources would join the expanding Committee to also take a look at the report,” she added.