FG begins Full Implementation Of Electronic Collections Of Revenue To Block All Loopholes
Leah Katung Babatunde
The Federal Government has begun full Implementation of Electronic collection of Revenue to block all loopholes as the Nation Looks to diversify sources of internally generated revenue.
Accountant General of the Federation ,Jonah Otunla at sensitization workshop for Ministries, departments and agencies in Abuja said henceforth all receipts by MDAS will be made directly to the consolidated revenue fund at the Central Bank of Nigeria.
He warned that any MDA that failed to comply with the directive by the end of February would be appropriately sanctioned.
The Accountant-General of the Federation, Mr. Jonah Otunla, disclosed these in Abuja at a workshop to sensitise the MDAs to the commencement of the electronic revenue collection project.
The implementation of the project, he stated, began on January this year and that it was meant to enthrone a new regime of transparent and accountable internally generated revenue management system.