OrderPaperToday- The House of Representatives Committee on Finance has placed the National Agency for Food and Drug Administration and Control (NAFDAC) on status inquiry over inaccurate
records of revenue generated.

Following this, the lawmakers asked the agency to submit its account statement between October and December 2021.

Committee Chairman, James Faleke (APC, Lagos) gave the ruling at an investigative hearing on “alleged under remittances of funds into the federation account by agencies of government.”

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The Committee members took turns to scrutinise the documents submitted by NAFDAC as they raised issues of under-remittance or mistake of mis , hence the total sum of revenue was not tallying with the percentage deduction made by the agency.

“We have to place NAFDAC on status inquiry; you are to submit your bank statement between October and December, your cash book, and your audited report.

We suspect that you generate more funds than you have declared and the only way to clear that suspicion is for you to bring your account books and appear here on April 5,” he said.

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The NAFDAC boss, Prof. Mojisola Christianah Adeyeye could not give satisfactory responses to the issues raised. She cited miscalculations as the reason why the actual amount generated and that the 25% due as remittance to the federation account was not tallying.

Other agencies to appear before the committee include the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Ltd. (NNPC), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Others are the Joint Admission and Matriculation Board (JAMB), the Economic and Financial Crimes Commission (EFCC), Bank of Industry (BOI), and the Nigerian Bulk Electricity Trading PLC. (NBET).   

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