By Bode Olagoke
Abuja
Ahead May 29 swearing-in of the President-elect, General Muhammadu Buhari, the Fiscal Responsibility Commission (FRC) has appealed to the incoming government to strengthened the commission, saying the best way to fight corruption is to ensure that activities of government are scrutinized.
The commission said if the commission was allowed and strengthened it will be the best way to go.
Addressing a press conference in Abuja yesterday, Acting Director General of FRC, Barrister Victor Muruako, said the Commission had been able to assessed and ensured the remittance of about N350 billion operating surplus by scheduled corporation to the consolidated revenue fund between 2009 and 2014.
He also said his commission had succeeded in ensuring compliance by the ministry of Finance with Medium Term Expenditure Framework (MTEF) in the operation of budget.
Muruako, therefore, advised the incoming government to ensure that states in the federation embrace fiscal responsibility by domesticating the fiscal responsibility laws to improve finance management.
“We are asking that the in-coming administration specifically pay attention to this Act. We are saying that the best way to fight corruption is by prudency, efficiency, bringing about accountability; not only at the national level but even at the states.
“Some governors are borrowing money they don’t need even at the last minutes to the end of their government.”
While calling on all Nigerians to take proper look and show more interest in the Fiscal Responsibility Act, so that the country will be better for it, Muruako appealed to the Banks Chief Executive that most of the loans giving to the state governors were in contrary to the Act.
Reacting to the report of Oransaye that recommended that FRC be scrapped, Muruako said “if the Oransaye report as it relates to the FRC could be seen as unwholesome, the subsequent white paper on the report sanctioning its recommendation can best be described as “simply abhorrent.”