Universities Evade Payment Of IGR With Fictitious Accounting- Senator Adeola

The chairman of the Senate Ad Hoc Committee on Misuse , Non Remittance and Fraudulent Acts of Internally Generated Revenue IGR by government agencies, Senator Solomon Adeola (APC, Lagos West) has accused most university administrators of cooking up figures in the yearly accounts as a way of evading payment of operating surpluses running into hundreds of millions to government as revenue as required by the Constitution and the Fiscal Responsibility Act.
Speaking during the committee investigative hearing of Federal University of Technology, Minna, Niger State, senator Adeola stated that so far all the 12 federal universities that has so far appeared before the committee presented fictitious documents with contradictory figures all in an attempt to justify why they did not remit a kobo to the Consolidated Revenue Fund of the federal government as required by extant laws.
“It is regrettable that the financial management of our universities is in such a paroles state with many of them like the FUT, Minna presenting obviously fictitious documents and figures all in an attempt to exonerate themselves from non remittances of revenue generated while completely expending all revenues generated on sometimes frivolous expenditure heads. I believe there is serious fraud going on in FUT, Minna which will be revealed as they cannot reconcile the figures in their financial presentation” he stated.
The senator wondered the type of education that these universities are giving to our student if this is how the universities are run with the ViceChanncellor Professor M. A Akanji not being able to recollect the number of students in his school, the number of bed spaces available and paid for by students as well as presenting development levy fees far above the figure for the students he cannot give accurate figures.
Earlier on Professor Akanji, in response to a question on his presentation by Senator Bayero Nafada, has stated that he did not have the accurate figure of students in the school as well as the number of bed spaces for which the sum of twelve thousand naira are collected per annum.
So far twelve universities has appeared before the committee with all of them requesting to go back and prepare a better account of their finances in the last  years.