Senate Threatens CBN, FIRS Over Late Submission Of Budget
The Senate on Tuesday frowned at the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS) and 32 other parastatals and agencies of government for failing to submit their 2017 budget proposal eight months after they were due to have been submitted.
Following a point of Order raised by the Leader of the Senate Bala Ibn Na’Allah, the Senate said the action of the parastatals were against the anti-corruption fight of the current administration.
The Senate therefore threatened to stifle the agencies of funds such that they would only be able to pay salaries, if they failed to submit their budget.
Deputy Leader of the Senate, Senator Bala Ibn Na’Allah who drew the attention of his colleagues to the illegality said that the agencies were so far spending money that had not been appropriated by the legislature.
Na’Allah said that he decided to bring the issue on the floor of the National Assembly so that the senators can understand the implication of the agencies spending without approval.
He noted that such agencies had been spending money since January without submitting their budget for approval.