NewStats: 3,264,047 , 8,182,408 topics. Date: Monday, 09 June 2025 at 12:21 PM e1t19

The Auditor-General of the Federation, Mr. Anthony Ayine, has revealed how government revenue gencies failed to remit the sum of N1. 555 trillion into the Federation in 2017. His observation was contained in the Auditor-General’s Report of 2017, posted on the organisation’s website.

According to the report, “total revenue inflows to the Federation from the various Collecting Agencies from Central Bank of Nigeria (CBN) Component Statements for the period under audit amounted to N6.422 trillion.

The AuGF noted that from a total revenue of N2.407 trillion payable to the Federation by Nigerian National Petroleum Corporation (NNPC), it deducted the sum of N1.332 trillion for t Venture Cash Call (JVC) before paying the resulting net figure of N1.075 trillion into the Federation . He also said the Department of Petroleum Resources (DPR) collected the sum of N733.054 billion but paid a net figure of N706.283 billion to the Federation after deducting excess proceeds on Royalty of N26.770 billion. Similarly, a total amount of N2.653 trillion was generated by FIRS for the period under audit. However, the actual amount paid into the Federation was N2.457 trillion after deducting N196.537 billion being the total excess proceeds on royalty.

Similarly, he pointed out that Customs collection according to the AuGF 2017 report, stood at a total of N628.033 billion for the period under review. A breakdown of this amount put Import Duty at N531.795 billion; Excise Duty N 45. 630 billion; Fees N2.133 billion; Penalty Charges N3.565 billion CET Levy N48.470 billion; Auction sales N3.574 billion.

Mr. Ayine said that the practice of revenue agencies deducting revenues collected by them contravened the provisions of Section 162 (1) of the 1999 Constitution which stipulates, “The Federation shall maintain a special to be called ‘The Federation ’ into which shall be paid all revenues collected by the Government of the Federation. “This has been a regular subject of my reports being ignored over the years.”

On ways out of the quagmire AuGF, urged the ant-General of the Federation to “ensure that all deductions made at source contrary to Section 162 of the Constitution of the Federal Republic of Nigeria 1999 (as amended) are stopped.” He added, “Any payment to be made from Federation Revenues should be made by the Federation Allocation Committee (FAAC) and not by any collecting Agency. Defaulting agencies should be appropriately sanctioned.”

According to the audit report, the Department of Petroleum Resources in the year under review breached several legislative frameworks leading to the loss of revenue, with outstanding amount in respect of royalty, rent, gas flare penalty and charges, among others amounting to $3.214 billion or about N980.277 billion.

Mr. Ayine said the “Review of documents relating to outstanding royalty, gas flare penalty, gas sales royalty and concession rental due from Oil and Gas Companies showed that the sum of $3.214 billion was not collected by DPR as and when due.

He added that “Various Oil and Gas Companies had outstanding revenues for the year 2017. These oil Companies have failed to discharge their obligation to pay royalty, rent and other rates prescribed by Petroleum (Drilling) and Regulation, of 1969 and Petroleum Act 1969.”

https://www.sunnewsonline.com/how-revenue-agencies-failed-to-remit-n1-6trn-into-federation--augf-2/

Probe them.
Modified: First ever FCT on the last day of the year! This is a good sign. 2020 is my year.
s, give me my share of the national cake.

Auditor-general you're selling after the market. Talking about trillions revenue stolen in 2017 when men are now calculating to steal new revenue in 2020. That one don

God save Nigeria.

Augf Since 2017 you don't say anything when we are about to enter 2020 you are now talking this campaign after election.

Odiego

All the revenue wey dem declare, where e dey??

There is need to block all leakages. Whether in 2017 or earlier, this will help calibrate the future for zero leakages. Our debt-ridden economy is man-made. The Chinese way of executing economic saboteurs will be fine for Nigeria. All looters or connivers that defraud the country to the tune of N1b or above ought to have a date with the hangmen.

Pls I was posted to serve in FIRS.. CAN U PLS DO THE REVIEW AND START TAKING CORPERS.. PLSSS

Ha ha ha

I only hear billions and trillions, what's going on in my country.... Greed!

They are saints

Instead of blocking leakages, blocking loopholes and cutting corruption, we would rather borrow from anywhere borrowable and pilling debt upon debt.

How can we be an import dependent nation and customs can't generate more than a trillion in a year?
Yet fowler was the scapegoat chosen despite a low productivity economy just exiting recession?
Speak of nepotism in economic management!!

It's obvious Buhari and his cabal blamed Osinbajo and fowler/Adeosun (tinubu's men) for the poor performance of the economy in the past term which is why he has decided to put the economy the hands of northerners this time around. Let's see how dis goes then...

Corruption is every where

Everything is under control

come and tell us what your amiable daddy said he'll do about this theft.

Corruption fighter my balls

This country don finish teeh teeh

Which way Nigeria?

All dx bad news should end in 2019 ooh

beresponsible:
Auditor-general you're selling after the market. Talking about trillions revenue stolen in 2017 when men are now calculating to steal new revenue in 2020. That one don

That's the nature of audit (and its disadvantage). You audit the past, not the present or the future.

[s]

Agboriotejoye:
How can we be an import dependent nation and customs can't generate more than a trillion in a year?
Yet fowler was the scapegoat chosen despite a low productivity economy just exiting recession?
Speak of nepotism in economic management!!

It's obvious Buhari and his cabal blamed Osinbajo and fowler/Adeosun (tinubu's men) for the poor performance of the economy in the past term which is why he has decided to put the economy the hands of northerners this time around. Let's see how dis goes then...

[/s]

As usual the only thing they will see in an entire report is tribalism.

Is this govt okay at all? They tax pple making them pay through their noses only for you to hear the money is not been remitted or missing or not audited. Then why disturbing the poor pple to pay. Its so sad

In 2021, he is going to reference 2018 ununremited.

This Is Nonsense. Are You Telling Us To Do What? Where are Fg's Instrumentalities Of Revenue Collection And Anti~graft Agencies? Where Is Efcc, Ic, Police And Dss? They Should Swing Into Action And Save The Nation From External Borrowing By Mopping Up These Revenues.

If that huge amount if left to leak away, I blame the managers of the system.

Misrepresentation for headline.
There is no failure to remit anything.
JV Cash call cannot and should not be remitted to federation .

It is the money paid to oil companies (Shell, Chevron, Total, Agip etc) as cost of production for producing oil.

beresponsible:
Auditor-general you're selling after the market. Talking about trillions revenue stolen in 2017 when men are now calculating to steal new revenue in 2020. That one don

You are right sir...

EFCC is just chasing shadows!!! They think catching Yahoo boys is the key to solving the corruption crisis of this nation. What a near useless organization.

The one place I agree with Mr. GEJ... You can't end corruption by going after corrupt individuals alone... You have to put in place a system that will make the very act in itself completely impossible or suicidal.

A gullible individual would think such a system is impossible to set up and run... It's actually quite easy, even easier and more efficient than running after them when they have stolen what could have been impossible to steal in the first place.

So help me(us) God!!!

naso

Too many leaking buckets in Nigeria. To be honest, PMB is really trying to fix those leaks.

But the fixing the leaks means that those people sipping from the leaks will be deprived. Hence the wahala.