The Federal Government is presently investigating some of its agencies remitting the naira equivalents of what they earned in US dollars into the Federation Account.
The list of agencies under investigation include but not limited to Nigeria National Petroleum Corporation, NNPC ; Nigeria Ports Authority, NPA and the Nigerian Maritime Administration and Safety Agency, NIMASA.
The agencies are accused of generating revenues in United States dollars and remitting same in naira to the Federal Government.
This was disclosed to newsmen by Cross River State Governor, Prof Ben Ayade at the end of the National Economic Council meeting held at the Presidential Villa, Abuja.
The meeting was presided over by Vice President Yemi Osinbajo.
Prof Ayade said that the Central Bank of Nigeria was handling the investigation of the agencies.
His words ;
“A brief report of Federal Government of Nigeria dollar generating revenue agencies remitting in naira into the Federation Account was also given by the CBN governor. He said investigations are ongoing. Such agencies include but not limited to NNPC, NIMASA and NPA."
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