The Central Bank of Nigeria (CBN) is the highest revenue generating agency for 2012, with N114,237,257,078.60 billion? paid to the Consolidated Account, the Accountant General of the Federation (AGF) Jonah Otunla disclosed yesterday.
The AGF at a meeting with the Abdulmumin Jibrin-led House of Representatives Committee on Finance said CBN’s remitted revenue for 2012 represented about 75 per cent of total revenue realised from federal government outfits this year.
Meanwhile, CBN’s appearance yesterday put on hold the warrant of arrest the committee had threatened to issue on the CBN Governor, Mallam Sanusi Lamido following his refusal to appear before the committee.
House Speaker, Aminu Waziri Tambuwal on Tuesday signed a warrant of arrest on the head of 16 revenue generating agencies over their refusal to appear before its finance committee on non-remittance of N1.3 trillion revenue between 2009 and 2012.
A summary of the operating surplus presented to the finance committee yesterday showed that the Nigerian National Petroleum Corporation (NNPC), Nigeria LNG Limited, Federal Radio Corporation of Nigeria (FRCN), National Film and Censors Board, National Examination Council (WAEC), Federal Housing Authority (FHA) and the National Hospital reflected zero remittance from 2009 to date.
The AGF said, “when we were pressed to get money in the third quarter to source money for the fourth quarter, from about N145 billion operating surplus we got, CBN paid N114 billion as operating surplus for 2011 representing about 70 per cent.”
Otunla stated that CBN generated N26.399 billion in 2009, N39.715 billion in 2010 and N28.053 billion in 2011 totalling N208,403,133,083.75 between 2009 and third quarter of? 2012.
In his presentation, Suleiman Barau, CBN Deputy Governor disclosed that the bank has so far paid the sum of N50 billion in the interim and projected to pay additional sum of N30 billion into the CRA for 2012 fiscal year, against the total sum of N64 billion paid in 2011.