House Orders NECO to Pay N6.6bn Remittance to FG

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The House of Representatives Committee on Finance has ordered the Nigerian Examination Council (NECO) to pay the federal government the N6 billion shortfalls of remittances of its operating surplus from 2014 to 2019.



The Chairman of the Committee, James Faleke, at a hearing on the matter on Wednesday said NECO owes the federal government N6.6 billion in unremitted surplus.



However, while reacting, the Director of Finance and Administration, NECO, Dr. Jacob Ekele, said their major problem was that about 19 states still owe NECO, as the examination was done for them on credit, especially Zamfara State.

 

He told the lawmakers that the debt had affected prompt remittances into the Consolidation Revenue Fund (CRF).



"In some states, the governments pay for the students while they were still owe us," he said.


In his reaction,  Faleke demanded that NECO provide all relevant documents to show its income, expenditure and remittance between 2011 and 2019.



He explained that the Auditor General of the Federation’s report suggested that NECO owed CRF N6 billion.


According to him, "NECO should present its audited report from 2011 to 2019, which is the reconciliation report between the organisation and the auditor general's office. When you have done those reports, let’s see the negative balances between you and the auditor general as well as that between you and the AGF office. Come with receipts of payment and present them to us on March 4."


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