Failure to comply, the House panel said it would either recommend that the agency be scrapped or the agency's debt be deducted from its monthly allocation.
For failing to remit a total sum of ₦542.4 million between 2012 and 2018, the House of Representatives Committee on Finance has ordered the Centre for Management Development to remit the fund in three weeks.
The amount, the committee said, is a backlog of unremitted ₦378.4 million in 2012, ₦86 million in 2016 and ₦78 million in 2017. By law, the agency, as a revenue-generating one, has a duty to remit 25 per cent of its IGR to the nation’s treasury. He said this made it run at a loss running the centre in the capital city, unlike Lagos where it has its own facilities to run its activities. There, he said they made profit.
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