It emerged on Thursday that some Federal Government agencies short changed the country by remitting naira into the Federation Account instead of the dollar revenue they collected.
This was revealed by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, following the probe that has commenced into the activities of revenue generating agencies including Nigerian National Petroleum Corporation (NNPC), Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Port Authority (NPA), among others.
Emefiele spoke at the meeting of the National Economic Council,(NEC) at the Presidential Villa.
Briefing State House correspondents at the Presidential Villa after the meeting, Cross River State Governor, Ben Ayade said Emefiele presented brief report on government agencies involved in the inappropriate remittance.
Ayade, in company of three other governors -Aminu Tambuwal (Sokoto), Darius Ishaku (Taraba) and Olusegun Mimiko (Ondo), said: “We received a brief report on how agencies remiting dollar revenues in naira into the Federation account given by the CBN governor.
“He said investigations are on-going. Such agencies include but not limited to NNPC, NIMASA and NPA.” Ayade also said NEC received briefing on the excess crude account which stands at $2.2bn as at yesterday.
He added: “On the provision of provisional loans to states based on collaterisation of the excess crude account, the CBN governor briefed that 27 states have made request for the N10bn facility and is currently being processed. “He has called on the affected states to complete all necessary documentation for the money. Not all states have indicated interest on this ECA collaterised loan.