By Frank Ikpefan, Abuja
The Fiscal Responsibility Commission (FRC) has called for a quick amendment of its Act to allow the punishment of agencies who fail to render their accounts as prescribed by law.
The commission said the immediate amendment of the Fiscal Responsibility Act (FRA) will put an end to deliberate violations by public servants.
On several occasions, the National Assembly had decried the failure of some government agencies to remit revenue generated to the government.
Many federal lawmakers had argued that the country would not need to borrow much if agencies are viable and remitted the desired revenue to the federation account.
The fiscal commission currently has 122 revenue-generating agencies on its list.
Speaking at a press conference organised by Paradigm Leadership Support Initiative (PLSI) in Abuja, the Acting Chairman of FRC, Victor Muruako, said some heads of the revenue-generating agencies find it convenient to violate the law because there are no…