Unremitted N450bn: FG orders CBN, SEC, others to produce repayment plan

Finance Minister, Kemi Adeosun

The Federal Government on Thursday said it had directed the Chief Executives of 31 revenue generating agencies that uneremitted a total sum of N450bn to come up with a repayment plan.

The Minister of Finance, Kemi Adeosun stated this during a media briefing on Internally Generated Revenue of government agencies.

She said already, a demand notice to that effect had been issued by the ministry to the affected agencies adding that a meeting with them had been scheduled for December 6.

She gave some of the agencies that are affected by the directive as the Central Bank of Nigeria, the Securities and Exchange Commission, Petroleum Technology Development Fund and the National Agency for Food and Drug Administration and Control.