The Fiscal Responsibility Commission (FRC) yesterday summoned the management of Federal Radio Cooperation of Nigeria (FRCN), over the remittances of 25 percent of its Independent Generated Revenue to the government.
Acting Chief executive of the commission, Mr Victor Muruako said that the Federal government has placed the commission under immense pressure to ensure it meets the target of N886 billion remittances from Independent Generated Revenue (IGR) by government agencies.
He informed the Corporation to submit all its audited reports and seek clarification from the commission wherever it has any difficulty.
On his part, Director General of the Radio Corporation, Mansur Liman said his agency does not have enough funds to cater for all the Corporation’s need and its 34 stations as well as projects not to talk of excess funds to be remitted.
He said when it presented it’s budget, the Corporation asked for 22 billion naira but it was given 193 million hence most times, just to air most programmes annually in all stations nationwide cost about 150 million naira hence even the commercials aired by the Corporation hardly generates enough funds to sustain it.
Fisical Responsibility Commission has commenced a verification forum with over 100 Federal agencies to enlighten them on the demands of the Federal government and ensure they comply.