Monday, December 23, 2024
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HomeFinance, MoneyCommission, EFCC partner to recover revenue

Commission, EFCC partner to recover revenue

 

By Chris Ndibe

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is collaborating with the Economic and Financial Crime Commission (EFCC), to recover unremitted revenue accruable to the federation account.

Chairman of the Commission, Mr Elias Mbam, stated this during a courtesy visit to the acting Chairman of the EFCC, Mr Mohammed Umar.

Mr Christian Nwachukwu, the Public Relations Officer of RMAFC, made this known in a statement in Abuja.

He quoted the chairman as saying that this would be achieved by the revenue generating and collecting agencies.

According to him, the  commission will be partnering with the EFCC in the area of monitoring and blocking of leakages in the remitting of generated revenues, by the revenue generating and collecting agencies.

Mbam noted that  the current dwindled revenue, informed by the oil crisis, which was the main source of revenue to the federation account, had given more need for the RMAFC to collaborate with the EFCC in monitoring and enforcement.

He further said that the collaboration would minimise revenue leakage and maximise remittance of accrued revenue to government.

In his response, Umar expressed satisfaction for the RMAFC readiness to partner with the EFCC, in its fight against corruption arising from revenue leakages.

He promised to collaborate with RMAFC to ensure that the revenue leakage of the federation account was blocked and  remitted same timely, to the federation account.

The EFCC boss, however, requested that RMAFC should spell out areas of concentration in the working synergy. 

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