FRC Frets over Failure of Customs to Submit Audited Financial Statements Since 2019
Ndubuisi Francis in Abuja
The Fiscal Responsibility Commission (FRC) has expressed concern over the failure of the Nigeria Customs Service (NCS) to submit its audited financial statements since 2019, saying the trend violates the provisions of the Fiscal Responsibility Act (FRA), 2007.
The Acting Executive Chairman of the Commission, Charles Chukwuemeka Abana, stated this while receiving a delegation from the NCS in his office in Abuja.
Section 23 of the Fiscal Responsibility Act, 2007 (Part IV, Budgetary Planning of Corporations) compels Government-Owned Enterprises (GOEs) and related agencies to prepare, publish, and submit their audited financial reports not later than three months after the end of the financial year.
