HomeNEWSNigeria should separate accountant-general of federation from that of federal govt – RMAFC

Nigeria should separate accountant-general of federation from that of federal govt – RMAFC

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has sought the separation of the office of Accountant-General of the Federation from the Accountant-General of the Federal Government.

The chairman of the commission, Elias Mbam, said this during its budget defence before the House Committee on Finance on Wednesday in Abuja.

He said that the operation and management of the federation account was an area of concern to the commission.

According to him, currently the account is managed by the Accountant-General of the Federation who also doubles as Accountant-General of the Federal Government.

“This does not guarantee checks and balances, transparency and accountability in the operation of the account.

Mr Mbam also expressed worry over the increasing rise in the cost of governance in the country.

He said that the cost of governance in Nigeria was very high and had continued to be on the increase, adding that it was unsustainable as no country could develop with such high level of recurrent expenditure.

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He listed some of the reason responsible for this to include: duplication of agencies of government with virtually similar functions and responsibilities, corruption and unlimited number of political appointments.

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