The Home of Representatives is transferring to forestall some ministries, departments and companies from additional spending and diverting the income they generate, particularly the Nigerian Ports Authority, the Nigerian Communications Fee and the Nigerian Maritime Administration and Security Company.
The affected MDAs will now be confined to the Single Treasury Account of the Federal Authorities whereas they will solely spend funds and for the aim they have been appropriated by the Nationwide Meeting.
Chairman of the Home Committee on Public Accounts, Mr Wole Oke, had sponsored 4 payments searching for to amend the NPA, NCC and NIMASA Acts in addition to the Fiscal Accountability Act.
Oke significantly cited the present points within the NPA below the management of the suspended Managing Director, Hadiza Bala-Usman.
The ‘Invoice for an Act to Amend the Nigerian Ports Authority Act 1999’ is searching for to introduce a brand new subsection below Part 13 of the NPA Act.
It says, “13(a)(i) However every other provision of the principal Act, all revenues that shall accrue to the Authority below any of the sources listed in Part 13 or from every other supply shall be paid into the Federation Account.
“(ii) The Authority shall not incur any expenditure besides it has been appropriated by the Nationwide Meeting of the Federal Republic of Nigeria. Nevertheless, the Authority shall be entitled to seven (7) per cent of all income generated as its value of assortment.”
Additionally, the ‘Invoice for an Act to Amend the Nigerian Maritime Administration and Security Company Act 2007’ can also be searching for to introduce a brand new subsection below Part 16 of the Act.
It learn, “16(a)(i) However every other provision of the Principal Act, all revenues that shall accrue to the Company below any of the sources listed in Part 16 or from every other supply, shall be paid into the Federation Account.”
Equally, the ‘Invoice for an Act to Amend the Nigerian Communications Act 2003’ seeks to delete the present Part 17(3) and insert a brand new Part 17(3) that reads, “The fee shall pay all monies accruing to it and all income generated by it into the Federation Account and the fee shall be entitled to seven (7) per cent of all income generated as its value of assortment.”
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