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DAILY BUSINESS NEWS BRIEF – Banks fail to remit N74.1bn govt revenues –RMAFC

18
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Banks fail to remit N74.1bn govt revenues –RMAFC
Ongoing probe of banks that are collecting revenues for the government has shown that the lenders failed to remit N74.1bn into the Federation Account between July 2012 and December 2015.The Revenue Mobilisation Allocation and Fiscal Commission, which announced this in a statement made available to our correspondent in Abuja on Tuesday, said a total of N57.7bn had so far been recovered.The commission has also issued demand notices to the banks for another N16.4bn that has yet to be recovered from the banks appointed to collect revenues on behalf of government agencies that generate revenues.Read More…]

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