FG Creates Platform to curb Revenue Theft
The Federal Government on Tuesday announced the establishment of the Electronic Revenue Collection platform (e-collection), a platform meant to check revenue theft and diversion in its fight against corruption.
The Accountant-General of the Federation, Jonah Otunla, who was represented by Salawu Zubeiru, the Director, Consolidated Account Department of the AGF’s office, made the announcement on Tuesday at a sensitisation workshop to introduce the platform for Federal Government Ministries, Departments and Agencies in Abuja.
According to Zubeiru, the process will make the entire internally generated revenue management system centralised and transparent.
He said, “We are witnesses to how monies collected on behalf of government are either unremitted or not remitted in full. The introduction of e-collection will enthrone a new regime of accountability and transparency in government collection processes.
“The treasury and the CBN have a duty to ensure that government cash resources are well managed, both for fiscal and monetary policy reasons. We are committed to achieving this objective without obstructing the smooth running of the affected parastatals.
“There is no better time to introduce the e-collection system than now due to the sharp drop in oil revenue arising from shrinking market for Nigerian crude oil and it falling prices. With e-collection, we intend to increase government cash flow through direct and real time remittance of all inflow into CBN’’.