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Reps probe NECO over unremitted N636m



The House of Representatives Committee on Finance on Wednesday grilled the National Examinations Council (NECO) over failure to remit the sum of N636,778,000 to the Federal Government in 2019.

At the resumed listening to into the alleged $30 billion annual income leakages, the Chairman of the Committee, Hon. James Faleke, requested the Acting Registrar of NECO, Ebikibina Ogborodi, and different prime administration employees of the physique to elucidate the whereabouts of the funds.

Ogborodi had informed the lawmakers that NECO had an working surplus of N1,278, 462,493 and required to remit N1,022, 769,994 (80 %) of the funds to the federal government.


He, nevertheless, famous that solely N385,991,627 was remitted to the federal authorities, saying the company was owed by some state governments.

READ ASLO: NECO proclaims appointment of latest Registrar after demise of Obioma

The registrar stated: “The balance is because some state governments who did the examinations are yet to pay. Zamfara was the highest debtor with N1, 022,234,000. Others are Adamawa (N281, 455, 500), Kano (N240, 043, 000), Gombe (N7, 214, 150), Borno (N40,027,675) and Niger (N234,453,157).”


He informed the committee that NECO administration had written to related authorities to assist get well the cash.

Faleke, who didn’t disguise his dissatisfaction with the NECO registrar’s response, threatened that the Accountant General of the Federation would block the physique’s account and solely become profitable obtainable to them to conduct examinations.

He directed the company’s administration to return again in two weeks with all related paperwork about their transactions.


By: John Chukwu

The submit Reps probe NECO over unremitted N636m appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.


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