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Reps panel ask finance minister to remove FCCPC director over unapproved spending | TheCable

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A house of representatives committee has asked the minister of finance to “remove” Akinyoghan Ojo, the current director of finance and accounts of the Federal Competition and Consumer Protection Commission

James Faleke, chairman of the committee on finance, made the request at an interactive session on the 2023-2025 medium-term expenditure framework on Tuesday.the committee on finance said the agency generated N4.02 billion in 2021 and remitted N1.3 billion to the consolidated revenue fund .

Unsatisfied, Faleke said the agency violated the provision of the constitution, and then directed the clerk of the committee to write to the minister of finance to remove Ojo as the director of finance and accounts of FCCPC.Section 81 of the 1999 constitution stipulates that “all revenues or other money raised or received by the federation shall be paid into and form one consolidated revenue fund of the federation.

“Clerk, write to the minister of finance, that in respect of this agency, no funds should be released until we have seen the letter of the redeployment of the DFA. No fund should be released.”However, Ojo said the agency had applied for financial autonomy from its supervisory agency — the ministry of trade and investment.

“You presented your IGR budget outside the national budget? What’s that? Does that make sense? You applied but your approval has not been granted, you decided to spend money without approval. The issue is that the government appropriates money to you,” he said.“At the beginning of every year, you envisage your budget based on what you expect you will need. You present it to the national assembly and get your approval.

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