House of Reps issue 21-day order to SEC and FRC to reconcile N45billion operational surplus

The House of Representatives Public Accounts Committee has mandated the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to reconcile the N45 billion unremitted operating surplus from 2007 to 2021 within 21 days.

During a public hearing on government revenue leakages in Abuja, the Chairman of the committee, Hon. Bamidele Salam issued the ultimatum.

He emphasized that according to the law, the FRC is mandated to ensure responsible behaviour from all agencies and government corporations listed in its enabling Act concerning remittances and revenue management.