RT. HON. BARR. SUNDAY CYRIACUS UMEHA PARTICIPATES IN PUBLIC ACCOUNT COMMITTEE'S OVERSIGHT OF THE OPERATIONALISATION OF THE TREASURY SINGLE ACCOUNT: QUESTIONS VALIDITY OF THE TSA MATERIAL CONTRACT AND RESTATES NATIONAL ASSEMBLY'S COMMITMENT TO ACCOUNTABILITY IN THE USE OF PUBLIC FUNDS

RT. HON. BARR. SUNDAY CYRIACUS UMEHA PARTICIPATES IN PUBLIC ACCOUNT COMMITTEE'S OVERSIGHT OF THE OPERATIONALISATION OF THE TREASURY SINGLE ACCOUNT: QUESTIONS VALIDITY OF THE TSA MATERIAL CONTRACT AND RESTATES NATIONAL ASSEMBLY'S COMMITMENT TO ACCOUNTABILITY IN THE USE OF PUBLIC FUNDS

At the Public Accounts Committee (PAC) Meeting held yesterday, 14th February 2024, I queried the process of engagement of Remita by the Federal Government of Nigeria as a National Revenue Collector under the #Treassury Single Account (TSA).I Particularly probed why the office of the Accountant General of of the Federation was not part of the material contract; yet playing a consequential role in the operational dynamics of the relationship. To my consternation, the Committee noted that the material agreement was not dated thereby raising serious fundamental legal questions of its validity.

In order to have a holistic view of the issues constituted in the relationship amongst the stakeholders in the operation of the #TSA, the Committee exercised its constitutional powers by summoning the Governor of the Central Bank of Nigeria, the Attorney General of the Federation and the Accountant General of the Federation to appear before it on Tuesday, 20th February 2024.

Yesterday's engagement was a sequel to the Committee's Public Hearing to investigate "The Alleged Revenue Leakages through the Remita Platform and Non-Compliance Substantively with Standard Operating Procedure and other Allied Service Level Agreement, 2023".

The need to plug revenue-holes across our Ministries, Departments and Agencies have never been more instructive at a time when we are witnessing unprecedented revenue crisis with enormous implications for Government's delivery of public services and utilities to the Nigerian Public. I am confident that the 10th National Assembly through its oversight role would not renege on its solemn constitutional mandate to enforce compliance. 

#PeopleOrientedRepresentation
#LegislativeOversight
#LeadershipByService
#ABetterEzeagu/Udi

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