![House of Representatives Public Accounts Committee has issued a 60-day ultimatum to the Minister of Finance, Wale Edun, and the Accountant General of the Federation, Oluwatoyin Madein, to deploy the automation of foreign currency collection in Nigeria’s foreign missions. Gatekeepers News reports that at a public hearing on Tuesday in Abuja, Committee Chairman Bamidele Salam […]](https://gatekeepersnews.com/wp-content/uploads/2021/11/House-of-Reps-1.jpg)
The House of Representatives Public Accounts Committee has issued a 60-day ultimatum to the Minister of Finance, Wale Edun, and the Accountant General of the Federation, Oluwatoyin Madein, to deploy the automation of foreign currency collection in Nigerias foreign missions. The Committee Chairman Bamidele Salam stated that the automation exercise would facilitate control of foreign currencies generated by embassies. The project was awarded to Files Solutions Limited in 2021, worth N83.6 million, with a 1-5% commission on collected amounts. However, 90% of the contract sum has been paid to the contractor. The committee ordered the commencement of automation within 60 days and ordered the accountingant General to submit records of gross revenue generated for all foreign missions within five years.
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