• Contact Us
  • About Us
Saturday, December 24, 2022
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home Breaking

N7Trn Unremitted Revenues By  Some FG Agencies, RMAFC Boss, Urges EFCC’s Intervention .

... Says Some Staff Of CBN, NPA, NCC Earn More Than President

metro by metro
December 1, 2022
in Breaking
0
Our Worries About Nigeria’s Growing Economy,  Analysts
0
SHARES
0
VIEWS

Read Also

Nigerians Going Through Dark Tunnel Of  Apprehension, Security, Safety-NLC

CNS Accuses Personnel Of Colluding With Criminals To Steal Crude Oil 

Senate Passes Business Felicitation Bill

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says about N7 trillion revenues are not being remitted to the Federation account by some federal government agencies.
In an apparent admittance of the fact that Nigeria as a country has money, just like most discerning citizens have been saying, but that the funds have rather been misappropriated or misapplied, the RMAFC Chairman, Mohammed Shehu, who appeared on Channels Television’s Sunrise Daily on Thursday Said the country can even afford to increase salaries of workers at the moment, but bemoaned a situation where some government agencies spend all the monies they generate.
Shehu, who also revealed that some agencies regarded by Nigerians as juicy for the few privileged Nigerians and whose employments are usually influenced by politicians, elite and top civil servants like the Central Bank of Nigeria, (CBN), Nigerian Ports Authority (NPA) and NIMASA, among others pay higher salaries to their staff than what the president of the country collects presently.
 He, therefore urged the Economic and Financial Crimes Commission (EFCC) to go after the culpable agencies, for keeping unto funds generated by them.
Shehu also urged the Federal Government to speedily implement the Steve Oronsaye report submitted over a decade ago in order to merge government Ministries, Departments and Agencies (MDAs) performing similar functions as a way to cut governance cost.

His words : “The salary of Mr President is not up to N1,300,000 a month…the allowances of the President are factored into that salary. In 2008, that was considered a big money but now, there are people in the private sector and public sector that earn twice, three times, four times,”

Shehu precisely said some staff of government agencies like the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian Communications Commission (NCC), the Nigerian Ports Authority (NPA), and the Central Bank of Nigeria (CBN), amongst others, earn emoluments bigger than the President’s.

The NPA is one of the agencies with high revenues. It generated over N172bn in the first half of 2022.

According to him, Nigeria has about 17 different salary categories across several agencies. He, therefore, proposed the regularisation of the salary schemes for the civil service, saying no public official should earn more than the President.“What I was saying that time is that no public servant should earn salaries bigger than Mr President’s but we do have public servants that earn bigger than Mr President: NCC, NIMASA, NPA, Central Bank,” he said.
ALSO READ:Blame Game Continues As FG Accuses Governors For Rising Poverty,  Northern CSOs Dismiss Buhari’s Fight Against Scourge
The RMAFC chair also said some government officials get as high as N500m as their severance package but the President gets N10m after his tenure.Furthermore, he noted that his commission will soon implement the upward review of the salaries of judicial officers and subsequently review salaries of public officers to reflect current socio-economic realities.

Previous Post

Blame Game Continues As FG Accuses Governors For Rising Poverty,  Northern CSOs Dismiss Buhari’s Fight Against Scourge

Next Post

$200 million (USD) Mastercard Foundation Africa Growth Fund Launched for Investment Vehicles (IVs) to Catalyze Job Opportunities

Related Posts

Nigerians Going Through Dark Tunnel Of  Apprehension, Security, Safety-NLC
Breaking

Nigerians Going Through Dark Tunnel Of  Apprehension, Security, Safety-NLC

December 23, 2022
CNS Accuses Personnel Of Colluding With Criminals To Steal Crude Oil 
Breaking

CNS Accuses Personnel Of Colluding With Criminals To Steal Crude Oil 

December 22, 2022
Buhari sends 2017 draft budget to Senate for approval
Breaking

Senate Passes Business Felicitation Bill

December 21, 2022
FG Announces Monday, Tuesday, Monday Public Holidays For Christmas, New Year
Breaking

FG Announces Monday, Tuesday, Monday Public Holidays For Christmas, New Year

December 16, 2022
Next Post

$200 million (USD) Mastercard Foundation Africa Growth Fund Launched for Investment Vehicles (IVs) to Catalyze Job Opportunities

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Shell Agrees To Pay €15m To Ogoni Farmers, Niger Delta Communities Over Pollution

Shell Agrees To Pay €15m To Ogoni Farmers, Niger Delta Communities Over Pollution

December 23, 2022
Nigeria Lost $144.1Bn In 4 Yrs To  CBN’s Exchange Rate Policy— World Bank

Nigeria Lost $144.1Bn In 4 Yrs To  CBN’s Exchange Rate Policy— World Bank

December 23, 2022
Nigerians Going Through Dark Tunnel Of  Apprehension, Security, Safety-NLC

Nigerians Going Through Dark Tunnel Of  Apprehension, Security, Safety-NLC

December 23, 2022
ADVERTISEMENT
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version