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Fiscal Responsibility Commission

FRC Commends NDIC for Prompt Remittance of Operating Surplus 

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The Fiscal Responsibility Commission, FRC, has commended the Nigeria Deposit Insurance Corporation, NDIC, for what it described as Prompt and consistent remittance of its operating surplus to the Consolidated Revenue Fund, CRF, in line with provisions of the Fiscal Responsibility Act, FRA Act, 2007. Executive Chairman of the Commission, Victor Muruako made this commendation on […]

N17 bn Otukpo Multipurpose Dam Project abandoned after full payment

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A project verification team from the Fiscal Responsibility Commission has accused SCC Nigeria Ltd, handlers of the N17.1 billion Oturkpo Multipurpose Dam Project in Benue, of abandoning work after receiving full payment. Mr Samson Eletuo, the Team Leader, told the News Agency of Nigeria (NAN) on Wednesday in Oturkpo that less than 35 per cent […]